Metro opens new convenience store chain in Ukraine | RetailDetail

Metro opens new convenience store chain in Ukraine

Metro opens new convenience store chain in Ukraine

According to a specialised website, Metro Group has opened the first two stores of a new Ukranian chain of convenience stores last December, in order to increase sales to small-scale wholesale companies, which currently account for 40% of the group's joint turnover.

"Moy Magazin"

The new concept would be called Moy Magazin ("My Store") and its franchise partners would be obliged to purchase goods from Metro Cash & Carry hypermarkets at a 5% discount, instead of paying royalties.

 

The two stores were opened in in Soledar and Mariupol, both in the Donetsk province, as the first of ten pilot stores that are mainly planned in the eastern part of the country. Stores in this concept are expected to offer about 500 different products, of which 150 must be Metro's private label products on an area of slightly over 50 m².

 

In the Ukraine, Metro Group currently has a turnover of €807 million, generated by 30 Metros and 1 Real. The chain is aiming to open about 20 Ukrainian stores in the next 30 months.

Questions or comments? Please feel free to contact the editors


Adidas wants to strengthen bond with small retailers

15/07/2018

German sportswear giant Adidas says it wants to strengthen its bond with small-scale retailers after they claimed Adidas is too aggressive in pushing its web shop, especially as they feel the brand is favouring large international chains as well.

Several candidates to take over Men at Work

12/07/2018

There are several takeover candidates for both the Dutch and the Belgian stores of the bankrupt clothing chain Men at work. The curator is confident an agreement should be reached today in Belgium.

Burberry sales increases thanks to new strategy

11/07/2018

The new strategy of the British fashion brand Burberry starts to render: the company had a 3% increase of revenue in their own stores last quarter. In total, Burberry has now a revenue of 479 million pounds (520 million euros).

FNG moves to Brussels stock exchange

06/07/2018

Belgian fashion group FNG has collected 60 million euros by issuing new shares. The new shares will be traded on the Amsterdam Stock Exchange and - for the first time - on the Brussels Stock Exchange as well.

Athleteshop ends its run

02/07/2018

Dutch sports web shop Athleteshop has filed for bankruptcy, after an abysmal year in which strings of complaints led to all sorts of problems. Social media and review sites were flooded with customers complaining about late deliveries.

Alibaba goes Turkish with stake in Trendyol

29/06/2018

Alibaba is the new strategic partner of Trendyol, one of the best-known e-commerce companies in Turkey. With this partnership, the Chinese retailgroup strengthens its presence in Europe.