Updated: Jul 16
Discount Variety Retail Chain FixPrice (LSE: FIXP) reported that in 5 months of 2021 the company opened 333 retail stores in different regions of Russia. Now the expansion of the Fix Price store chain reached a new important milestone the opening of 4,600th store appeared in Astrakhan.
Today the main share of Fix Price stores are located in the Russian Federation, but the network continues to develop beyond its borders: in Belarus, Georgia, Kazakhstan, Kyrgyzstan, Latvia and Uzbekistan.
“This year we are celebrating 14 years of Fix Price in Russia and the continuous growth of our loyal customer base already 14 million customers as confirmation of the relevance of the low fixed price format. Every day we receive requests from customers to open new stores from various localities in Russia. More than 4,600 stores are already operating, and we continue to actively develop both in Russia and abroad,” said the director of the marketing department, Victoria Smirnova.