Vladikavkaz, 29 May 2018 – X5 Retail Group ("X5" or the "Company"), a leading Russian food retailer (LSE and MOEX ticker: FIVE), announces the opening of its 13,000th store: a new Pyaterochka in Vladikavkaz, located at 223 Kosta Avenue.
The landmark store has a sales floor area exceeding 350 sq m. Locally produced items account for 16% of the fresh and ultra-fresh categories at Pyaterochka stores.
Pyaterochka entered the North Ossetia-Alania region in summer 2017. The new Pyaterochka is the seventh store in Vladikavkaz and the ninth in the region, where the chain has created more than 80 new jobs.
On the opening day of the 13,000th store, X5 Retail Group signed a cooperation agreement with the government of North Ossetia-Alania. The Company will work with the regional government to make the region more attractive for investors, support the retail industry in the region, promote Russian products and offer social support to low-income population groups.
Under the agreement, X5 plans to open 25 stores in North Ossetia-Alania by the end of 2019, creating at least 300 new jobs. By the end of 2018, Pyaterochka plans to increase the number of stores in the region to 15, with eight located in Vladikavkaz.