date:Mar 18, 2013
st food retailer of Russian origin in the country by sales, aims at growing revenue by 25-28 percent this year, compared to 20.8 percent on a pro-forma basis in 2012 to 147 billion roubles.
It plans to add 350-400 stores this year, raising its total number of shops from 1,502 as of Feb. 28, backed by a capital expenditure programme of up to 14 billion roubles.
Russian food retailers are still enjoying double-digit growth in revenues as they open more stores in underserved regions, although the