OREANDA-NEWS. On 03 March 2008 was announced, that JSC “The Seventh Continent” January 2008 trade sales increased 29% YoY. The growth in sales in the hypermarket format for January 2008 reached 47% and the growth in regional sales reached 58% YoY.

Based on management accounts the Company’s January 2008 gross retail sales[1] increased 29% and reached US$ 131 mn.

As of the end of January 2008 the Company managed 128 stores, including 122 supermarkets and 6 hypermarkets.

As of the end of January 2008 the selling space of the Company’s stores under the brands “The Seventh Continent” (supermarkets), “Nash Hypermarket” (“Our Hypermarket”) and “Prostore” accounts for 148,4 th. sq. m. and increased 9% compared with the same period of 2007.

In January 2008 the Company opened its first store in Zelenograd in the “Seventh Continent – Universam” format. The supermarket is located at the following address: Savelovskiy passage, building 8.


[1] The sales figure includes gross retail sales including VAT and does not include other revenues