O'KEY GROUP S.A ANNOUNCES OPENING OF ITS 104th STORE
Press Release
27.11.2014
O'KEY GROUP S.A. (LSE: OKEY), a leading Russian food retailer, announces the opening of its 10th hypermarket and 16th store in the Moscow region.
The new store is located inside a shopping mall. The total space of the hypermarket is 6,966 sq. m, with the trading space amounting to 4,500 sq. m.
The shopping complex is equipped with a parking lot of 830 parking spaces. The store offers customers more than 25,000 SKUs, with non-food items accounting for approximately 30% of the total. The store has 260 employees.
This is the Company's 66th hypermarket and 104th store overall, including supermarkets, with an aggregate trading space exceeding 529,000 sq. m.
This is the sixth hypermarket opened in 2014.
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COMPANY OVERVIEW
"O'KEY" is one of the largest retail chains in Russia. Its primary retail format is the modern Western European hypermarket under the "O'KEY" brand, complemented by "O'KEY - Express" supermarkets.
The Company opened its first hypermarket in St. Petersburg in 2002 and has demonstrated continuous growth ever since. As of September 30, 2014, O'KEY operated 98 stores in 23 cities across Russia: 64 hypermarkets with an aggregate selling space of approximately 469,000 square meters and 34 supermarkets with an aggregate trading space of approximately 46,000 square meters. As of September 30, 2014, O'KEY employed over 22,000 people.
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For further INFORMATION, please contact:
Marina Kagan
Head of Investor relations
Ph: +7(495)6636677, ext. 152
Artem Glushchenko
Head of Public relations
Ph: +7(495)6636677, ext. 338
e-mail: corpcom@okmarket.ru
This information is provided by RNS