Kesko continues its expansion in Russia with the opening of new K-ruoka store in St. Petersburg

Kesko opened a new K-ruoka store in St. Petersburg at Prospekt Yuriya Gagarina 34 today. The store is located in rented premises in the southern part of St. Petersburg next to the traditional Yuzhnyy market and has good traffic connections. This is the ninth store in the K-ruoka chain.

HELSINKI, Finland, 2015-12-18 — /EPR Retail News/ — According to Kari Heiskanen, Kesko’s grocery trade’s Country Director for Russia, Kesko will continue capital expenditure in Russia, but every new investment will be carefully considered. Three new K-ruoka stores will be opened in 2016.

Further information is available from Country Director for Russia Kari Heiskanen, Kesko’s grocery trade, tel. +7 812 3317723.

Kesko is a Finnish listed trading sector company. Kesko operates in the grocery trade, the home improvement and speciality goods trade and the car trade. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners. In 2014, Kesko’s net sales totalled €9.1 billion and it employed nearly 20,000 people. Kesko has over 1,500 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia and Belarus. Kesko’s shares are listed on Nasdaq Helsinki. The company’s domicile and main premises are in Helsinki. Kesko is the fifth most sustainable company in the world (The Global 100 Most Sustainable Corporations in the World). www.kesko.fi

SOURCE: KESKO

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