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09:57
NASH KRAY OPENS TWO STORES IN RIVNE AND TERNOPIL REGIONS

Kyiv, July 24 (Interfax-Ukraine) - Nash Kray-LTs Ltd. (Lutsk), the managing company of the Nash Kray supermarket chain, has opened a store in Naukova Street in Rokyni in Rivne region and a store on Petliury Street in Kremenets in Ternopil region, the company's press service has reported.

The stores operate under franchise agreements - in the express format in Rokyni and in the convenience store format in Kremenets.

"Over the next two months, the company plans to open three stores in Lutsk, Kyiv and Chernivtsi," reads the report.

The report says that the chain's development strategy for 2009-2010 foresees a geographical concentration via a cut in the number of stores in the eastern region and an increase of their number in western and central regions, as well as the expansion of the chain's presence via the franchise system.

The company said that today the Nash Kray chain includes 56 supermarkets, 27 of which are its own, and 29 franchising stores.

Nash Kray-LTs Ltd. was established in 2001. The first store of the chain opened in Rivne in 2001. The Nash Kray supermarket chain is being developed in the convenience store format with an average trade area of 200 to 1,600 square meters and a range of up to 12,000 items in each store. The strategy for chain expansion primarily foresees the use of franchising.

The company said that its commodity turnover in 2008 was UAH 473.2 million, which is 67.8% up year-over-year, and in 2007 it was UAH 282 million, an 80.6% rise year-over-year.

The company said that investment in the opening of one store is around $200,000.

VolWest Group is developing a number of business projects, among which are the Nash Kray supermarket chain, the SMART Logistics distribution company, Ultra Dom, which sells household heaters and coolers, VolBoard producing heat-insulating materials, and the Stoker past season clothes wholesale and retail chain.

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