M.Video opened four hypermarkets in Q1

The investments made about 220 million rubles. New stores are open in Moscow, Makhachkala, and Cherepovets. Total area of the hypermarkets is over 11k sq. m. By opening these doors the company has increased its retail chain to 161 hypermarkets.

By the end of the year the company is planning to open 19 more stores. Total program of the retailer development provides for putting in operation up to 23 stores in 2009.