The Food City Express supermarket chain will begin operating in Moscow, sources close to it told Vedomosti. According to them, it will be developed on the basis of Food City, one of the largest food complexes in Russia, which belongs to the Kyiv Ploshchad development group of God Nisanov and Zarakh Iliev.

A new supermarket chain will appear in Moscow
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The new stores will sell fresh products from Food City, as well as products for restaurants through order pick-up points, the newspaper’s interlocutors said. Additionally, the company plans to develop hyperlocal delivery.

Sources indicated that until 2026 the company intends to open up to 600 stores on a franchise basis, for which it is actively recruiting staff. It is not yet known in which regions the points will appear.

The press service of Food City Express explained to RB.RU that the first two stores have already opened in the west and south of Moscow.

In conversation with Vedomosti, a representative of Foodcity said that the entry into the convenience store format is “a logical development of the agricultural cluster concept”, thanks to which “the team strives to be closer to customers.”

Irina Bolotova, an expert at the retail space optimization service “Pro.Story”, called convenience stores the most promising format at the moment. A representative of the X5 group (which also owns Perekrestok, Pyaterochka and Chizhik) estimated the share of these establishments in the total turnover of retail trade at more than 30%.

In 2023, Kyiv Ploshchad LLC’s revenue amounted to 357 million rubles, which is 45% less than in 2022, according to Rusprofile data. The company ended the previous year with a net loss of 84 million rubles.

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Author:

Anastasia Lipchanskaya

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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