OREANDA-NEWS. April 18, 2008. OJSC "Company "M.video" (RTS, MICEX: MVID) announces the opening of the chain’s first hypermarket in Krasnoyarsk, the capital city of Krasnoyarsk region in Eastern Siberia.

The new store accounts to 2400 sq.m. of total space, has more than 20 000 SKUs of consumer electronics and digital products and as much as 7000 media products.

The M.video group’s management considers Krasnoyarsk region as a high potential growth area. The city of Krasnoyarsk has about 1 million population and serves as an important transportation and logistic hub in Eastern Siberia.

Krasnoyarsk belongs to the Siberian Federal District where M.video group runs 9 hypermarkets: 1 in Krasnoyarsk, 1 in Kemerovo, 1 in Novokuznetsk, 1 in Omsk, 1 in Tomsk, 1 in Barnaul and 3 in Novosibirsk.

The group plans to open five more hypermarkets in the Siberian Federal District by the end of 2008 and to increase up to 14 the total number of its stores in the area. M.video reconfirms its plans to open up to 40 new stores in 2008.