Sedmoi Kontinent reports 22.5% sales increase

Russian retailer Sedmoi Kontinent has reported gross revenues of RUB43,899 million (USD1,765 million) for 2008, up 22.5% in RUB on 2007. In 2008, Sedmoi Kontinent opened 14 new stores including 3 hypermarkets. In total, the retailer operated 140 stores, including 131 supermarkets and 9 hypermarkets.