Svyaznoy receives loan, plans new store format

Russia-based mobile retailer Svyaznoy, received a RUB1 billion (USD0.03 billion) loan from Uralsib bank to replenish its working capital.

The owner of the chain Svyaznoy Maxim Nogotkov plans to launch an electronics store format of between 200 and 250 square metres in size, which will offer computers, electronic gadgets and accessories.

Planet Retail