8 Apr 2011 10:28

X5 plans to wrap Kopeika chain integration before year-end

MOSCOW. April 8 (Interfax) - X5 Retail Group has reevaluated its initial plan for integrating the Kopeika chain into its structure, and now intends to complete the process not in two years, but by the end of 2011, a company statement says.

"The re-branding of the first forty-five Kopeika stores in the first quarter generated a substantial increase in like-for-like sales revenues," X5's chief Andrei Gusev said.