OREANDA-NEWS. April 1, 2008. In 1Q 2008 the “M.video” Group put into operation 5 new stores in Moscow (2 stores), St.Petersburg, Stary Oskol and Volgodonsk. The total space of the new stores amounts to 14 000 sq. m.

The opening of 5 new stores in 1Q 2008 allowed the “M.video” Group to reach the following density in the respective regions: Moscow – 35 stores, St.Petersburg – 14 stores, Central Russia – 10 stores, South of the European Russia – 13 stores.

At March 31, 2008 the “M.video” Group operates 127 single format stores in 50 Russian cities. The total space of “M.video” stores amounts to 335 000 sq. m. The Company also reconfirms its plans to open up to 40 new stores in 2008.