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


C&A sells 13 French stores

22/11/2017

Fashion chain C&A will sell thirteen of its 160 French stores. The locations and the staff will all transfer to French fashion chain Chaussea and Stokomani.

Europe and Asia give Guess strong quarter

22/11/2017

American fashion brand Guess’ third quarter turnover grew more than 3 %, mainly thanks to excellent sales in Asia and Europe. It did post a net profit loss however.

Urban Outfitters gets back on track in third quarter

21/11/2017

Following several quarters of negative results, Urban Outfitters’ third quarter was one of growth. Total turnover grew 3.5 % and there was a 1 % like-for-like growth.

Danish fashion platform Miinto is now also available in Belgium

21/11/2017

Danish fashion platform Miinto has launched in Belgium this week. Smaller fashion retailers can sell their products on the platform, combining their strength to withstand larger web shops.

Lubach: “Fair clothing is a matter of priorities”

15/11/2017

Ever since the Rana Plaza disaster, the clothing industry has clamoured for transparency in the clothing manufacturing branch, but Zondag met Lubach’s Arjen Lubach proved on Sunday that there is no actual transparency yet.

Fashion chain Canada Goose opens first European store

14/11/2017

Canadian fashion chain Canada Goose opened its first European store in London. The brand’s clothing has been in Europe for quite some time, but only at multi-brand stores up until now.

Back to top