X5 Retail Group to expand in Northern Russia | Progresiv

X5 Retail Group has announced plans to open 150 stores in Siberia, Northern Russia by 2017. X5’s Chief Executive Officer Igor Shekterman said: “We are already developing in the Urals, in the late summer plan output in Siberia this year, will open several dozen stores in Novosibirsk, in the next two years we plan to open in Siberia about 150 new outlets”.

Sales in Siberia and Urals represent 1% and 8% respectively of total net sales.

Aales come mostly from Central Russia and North-West Russia where sales account of 54% and 15% respectively.

X5 plans to open a distribution center (DC) in Novosibirsk, Southern Russia during the summer of 2016. The retailer plans to open 27 more DC’s by 2021. (www.kantarretailiq.eu)