OREANDA-NEWS  On 20 October was announced, that JSC “The Seventh Continent” 9 month 2008 trade sales growth reached 34%.

The Company’s September 2008 trade sales increased 26% YoY. The growth in sales in the hypermarket format for September 2008 reached 54% and the growth in regional sales reached 46% YoY. 

The growth in sales in ruble terms for September 2008 reached 26% and for 9 months 2008 reached 24% compared with the same period of 2007.

Based on management accounts the Company’s September 2008 gross retail sales[1] increased 26% and reached USD 140 mn.

As of the end of September 2008 the Company managed 138 stores, including 129 supermarkets and 9 hypermarkets.

As of the end of September 2008 the selling space of the Company’s stores under the brands “The Seventh Continent” (supermarkets), “Nash Hypermarket” (“Our Hypermarket”) and “Prostore” accounts for 169,1 th. sq. m. and increased 18% compared with the same period of 2007.

From the beginning of the year 2008 the Company opened 11 new stores including 3 hypermarkets.  Selling space increased by 22,2 th. sq. m., including the 16,6 th. sq. m. in the hypermarket format.