Siberia |

Detsky Mir opens store in Novosibirsk

6 Sep '07
Detsky Mir Center Board of Directors has approved the plan of opening branch stores in Novosibirsk, Saint Petersburg, Nizhny Tagil, Samara and the Kostroma Region, the company press office reports.

The cities falling under our expansion program show a high rate of income growth, Andrey Ryabov, Deputy General Director of Detsky Mir Group, said. We have every reason to believe that the local consumer markets have undergone a qualitative transformation and at present tend towards large retail companies.

Mr. Ryabov said that Detsky Mir Group intends to expand its presence in Russian cities with population exceeding 300,000 in accordance with the companys corporate development strategy.

Detsky Mir store chain is the leading retailer of children's goods in Russia. Currently it operates 78 stores working under this trademark in 38 Russian cities.

In 2006 the total revenue of Detsky Mir group of companies under US GAAP amounted to $335,300,000. In the first quarter of 2007, however, it climbed by 55% to $86,900,000.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Tags: retailer (8) / Ryabov (5) / expansion (12) / Saint Petersburg (12) / consumer market (1) / childrens goods (0) / Nizhny Nagil (0) / Kostroma Region (0) / Detsky Mir Group (0) / Detsky Mir Center (0) /

Latest News: Siberia
27 Jan '22 | Technology & innovation
19 Nov '21 | Technology & innovation
19 Nov '21 | Technology & innovation
17 Nov '21 | Technology & innovation
 

Feature stories

27 Dec '21
An innovative hybrid plate for cranial defects...
24 Nov '21
Cerebral vascular disorders are responsible for a...
8 Oct '21
Chemists at the St. Petersburg State University...
Search (News archive - 22915)
Technology Scouting Solutions For Industry
NATT
Advertising
Marchmont News

Latest News

27 Jan '22
Siberian scientists have developed new hybrid...
26 Jan '22
K-Sky, an IT developer from northwestern Russia, is...
20 Jan '22
A research team at the Samara Polytechnic University...

Most read stories from last week

26 Jan '22
K-Sky, an IT developer from northwestern Russia, is...
26 Jan '22
The Perm-based company Where are My Children has...
27 Jan '22
Siberian scientists have developed new hybrid...