X5 to open 20 Pyaterochka stores by end of 2009

Russian retailer X5 plans to open at least 20 Pyaterochka stores in St Petersburg and the Leningrad region by the end of 2009, Alexander Pavlov, General Director of the company’s northwest branch reportedly said. The branch’s sales amounted to USD535.7 million in January-March, with Pyaterochka stores accounting for 64%. www.planetretail.net