OREANDA-NEWS. September 2, 2008. OJSC “Company “M.video” (RTS, MICEX: MVID) announces the opening of the chain’s first hypermarket in Volzhskiy (Volgograd region, Southern Federal District).

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 pre-opening costs amounted to 55 million roubles.

Up to date M.video group operates 16 hypermarkets in Southern Federal District of Russia. M.video anticipates the opening of three more hypermarkets in Southern Federal District by the end of 2008, including one in Volgograd region.

The company confirms its plans to open up to 40 new stores in 2008.