METRO GROUP plans to invest more than 100 million of euro in Russian Federation this year.

The German trading concern known as Metro Group is one of the largest retailer in the world, plans to invest more than 100 million of euro in Russian market this year and expects to open not less than six new shops, - says France Muller the Metro Group councilor of directors and the Metro Cash and Carry head in the markets of Asia and the CIS.

It has reminded that in 2010 the company has opened in Russia 17 new trading objects and there are all formats of Metro in the country now except department stores of Galeria Kaufhof. So all trading centers in Russia amount to 104 subdivisions (past year statistic).

"There will be more than 110 shops according to results 2011", - says Muller. Thus he has also noticed that Russia is one of the major markets for German retailer.

The company intends to develop its networks of Metro Cash'n'Carry and Real hypermarkets with other formats.

Metro Group plans to open about 110 trading objects against 100 shops (2010) according to the global plan 2011, having increased investments into development by 29,4 % - up to 2.2 billion of euros. It is already planned to open about 40 shops of Metro Cash'n'Carry, about 70 electronic shops of Media Markt and Saturn brands with 5 Real hypermarkets. An opportunity of Galeria Kaufhof shops opening is also being considered.

“Metro Group plans to increase sale volumes in the World this year by 4 % in comparison with 2010 - up to  70 billion of euros from 67.3 billion of euros in 2010”, -  says the Metro Group directors board chairman.

07 April 2011
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