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The Russian stores of the German DIY industry’s top-performing company exceed expectations
Obi, the market-leading German company, increased its international content to 29 per cent in the 2003/2004 financial year (to 30 April 2004). This rate is expected to grow to 50 per cent by 2010. The group increased branch sales by 6.3 per cent, or 7.5 per cent after currency adjustment, to € 4.9773 mio. The DIY retailer achieved double-digit growth figures except in Germany (3.3 per cent) and the Czech Republic (-0.1 per cent). Obi had 486 DIY stores in operation worldwide at 30 April, or 16 more than one year previously.
As chairman Sergio Giroldi writes in the business report presented by parent company Tengelmann, the first two outlets opened in Russia in November 2003 have performed “beyond all expectations right from the start”. With sales forecast to exceed € 40 mio, the Kommunarka store has the highest turnover of any in the group.
Information on retail area, branches and sales in the individual countries can be found under the Trade Topics heading at DIYglobal plus (v. Other Articles on this Topic as well).
As chairman Sergio Giroldi writes in the business report presented by parent company Tengelmann, the first two outlets opened in Russia in November 2003 have performed “beyond all expectations right from the start”. With sales forecast to exceed € 40 mio, the Kommunarka store has the highest turnover of any in the group.
Information on retail area, branches and sales in the individual countries can be found under the Trade Topics heading at DIYglobal plus (v. Other Articles on this Topic as well).
