From Russia with love

Today, 6 February, marks the opening by the German Marktkauf retail group of its first shopping centre in Moscow. The Marktkauf Center consists of a DIY and garden centre around 12 400 m² in size (including a partly covered outside area of 3 300 m²), a hypermarket of 8 600 m², and a 2 500 m² mall containing 14 specialist shops and service providers. This makes it the group’s largest retail centre anywhere and the declared aim is for it to become the highest-volume one as well in the foreseeable future. The company is already reckoning with sales of € 50 mio for the current year. A good quarter of this figure is expected to be contributed by the DIY superstore and garden centre. AVA/Marktkauf is planning to build between five and ten new stores in the greater Moscow area within the foreseeable future.
Further details can be found on our DIYglobal plus site under Trade topics (v. Other articles on this topic). Our DIYonline service is also publishing a detailed report on the subject in German.