RUSSIA: X5 to expand in central and southern Russia | Progresiv
X5 Retail Group has signed a collaboration agreement with a regional administration of Rostov and Yaroslav Regions, Russia. Under the agreement, the retailer will expand its store network and promote domestic products and local producers in the regions. 
In the Rostov region the retailer will invest around 3 billion roubles to open 100 new stores and will refurbish 70 stores by the end of 2017. X5 currently operates 245 Pyaterochka supermarkets, 11 Perekrestok supermarkets and two Distribution Centers (DC) in the region.
In the Yaroslavl region X5 will invest 1 billion roubles to open 30 stores and will modernize 30 by the end of 2017. The retailer currently operates 78 Pyaterochka stores, four Perekrestok supermarkets and three Karusel hypermarkets. (www.kantarretailiq.com)
