date:Jan 23, 2014
he December sales, adding that the company was seeing a very similar trend in January.
You cannot call it exactly a trading-down tendency but definitely people were not consuming more, he said on a conference call after the release of the 2013 sales numbers.
O'Key, which has 94 hypermarkets and supermarkets, expects revenues to grow by 15-19 percent this year as it plans to increase the selling space by up to 20 percent. In 2013, sales rose by around 19 percent to 138 billion roubles ($4 billi