X5 Retail Group N.V., one of Russia’s largest retailers is planning to open about 540 new stores in 2011. Within the development strategy the company will focus on towns with more than 10,000 people. The majority of new stores will be opened organically, but the development package will also include acquisition deals. X5 is interested in all the chains operating in the focus regions and they keep in touch regarding potential takeovers.
Source: www.retail.ru