OREANDA-NEWS. October 20, 2008. OJSC “Company “M.video” (RTS, MICEX: MVID) announces the opening of the chain’s first hypermarket in Zheleznogorsk (Kursk region, Central Russia).

The new store accounts to 2300 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 2 hypermarkets in Kursk region, with another store opened in the city of Kursk in 2007.

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