Thoughts on expanding into Russia

Whereas Obi and Marktkauf already operate DIY stores in Russia, other German DIY companies are also giving consideration to becoming involved there. For instance, it is thought to be perfectly possible that Bauhaus might well expand into this country.
The Globus group is also looking into such a market entry. This trading company operates 49 DIY stores and 35 large-format hypermarkets in Germany, as well as 10 outlets in the Czech Republic, and it also has twelve specialist electrical stores. It grew sales by just under two per cent to € 4.1 bn in the 2003/2004 financial year (to 30 June). The DIY stores have seen above-average growth, which amounted to 3.7 per cent.