Epicenter K (Kyiv), which is developing a chain of eponymous construction materials hypermarkets in Ukraine, plans in 2012 to expand its chain in Ukraine to 50, opening 14 new hypermarkets, Company CEO Petro Mikhailishin has told Interfax-Ukraine.
"We plan to open 14 stores and we want to reach a figure of 50 trade outlets, whereas today we operate 36 hypermarkets," he said.
He said the investment in the opening of 14 hypermarkets would amount to Hr 2 billion. Hypermarkets are to open in Lviv, Donetsk, Kyiv, Yevpatoria, Stry, Kolomyia, Sumy, Kherson, Horlivka, Melitopol, Kovel, and possibly in Brovary.
He also said that Epicenter K in 2011 increased its turnover by 34.6% compared to 2010, to Hr 14.119 billion, and plans in 2012 to reach Hr 19 billion.
"We will have a clearer situation over the first half of 2012, as the consumer market has sunk and forecasts from the west are disappointing," he said, asked about the company’s plan to conduct an IPO.
Epicenter K unites 36 trade centers in Kyiv, Lviv, Poltava, Odesa, Chernivtsi, Kharkiv, Ivano-Frankivsk, Dnipropetrovsk, Luhansk, Khmelnytsky, Mykolaiv, Kryvy Rih (Dnipropetrovsk region), Ternopil, Cherkasy, Uzhgorod, Rivne, Donetsk, Lutsk, Vinnytsia, Kirovohrad, Makiyivka (Donetsk region), Mukacheve (Zakarpattia region), Kamyanets-Podilsky (Khmelnytsky region), Chernihiv, Sevastopol, Mariupol, Simferopol, and Luhansk.
