Globus looking for 10 more sites in Moscow area

German hypermarket operator Globus is reportedly pursuing ambitious plans to expand in Russia. According to Arendator.ru, the retailer is looking for real estate at 10 locations in the Greater Moscow area, with planned investments until 2017 exceeding USD1 billion. Hypermarkets are reportedly planned for the districts of Lenin, Noginsk, Krasnogorsk, Dmitrovsky, Ramenskoye and Odintsovo, as well as the cities of Korolev, Zhukovsky, Elektrostal and Domodedovo. Sales per store are expected to reach RUB7.2 billion (USD258 million). Planet Retail