OREANDA-NEWS. October 16, 2008. OJSC “Company “M.video” (RTS, MICEX: MVID) announces the opening of the chain’s first hypermarket in Penza (Penza region, Volga Federal District).

The new store accounts to 2500 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 27 hypermarkets in Volga Federal District of Russia.

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