RUSSIA: X5 Retail touches 7,000-store mark | Progresiv

The X5 Retail Group has opened its 7,000th store in Russia, less than five months after opening its 6,000th store, underlining the sharp acceleration it has seen this year. The group has opened more than 1,500 new outlets under its various banners in the year-to-date, compared to around 940 stores in 2014.

CEO Igor Shekhterman noted: “In 2015 we significantly accelerated organic growth rates, and are proud to open our 7,000th store today. By expanding the Company's geographic presence, we maintain our focus on creating the best value offer for customers while developing ties with Russian suppliers.” (www.kamcity.com)