CFO: X5 Retail Group may slow down launches of new stores - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

CFO: X5 Retail Group may slow down launches of new stores

MOSCOW, Apr 26 (PRIME) -- RussiaТs X5 Retail Group may slow down launches of retail stores in 2019Ц2020, CFO Svetlana Demyashkevich said in a conference call on Thursday.

УWe are now working on a strategy, we will discuss our launch plans (of stores) in 2019Ц2020. I wonТt be surprised if we see a slowdown of launches over the next few years. It would allow us to focus on our efficiency and on improvement of operating activity of our stores among other things,Ф she said.

In 2017, the company launched 2,934 new stores. As of the end of March 2018, the company operated 11,797 Pyaterochka stores, 674 Perekrestok supermarkets, and 92 Karusel hypermarkets. In late March, CEO Igor Shekhterman said that the company planned to launch about 2,500 stores in 2018.


26.04.2018 17:16
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep