Russian retailer invests in warehousesThe Russian retail company Fix Price expects to commission 350 000 sqm of own warehouse space by the end of 2025.
The Russian retail company Fix Price, which on February 15 announced plans for an IPO in London, expects to commission 350 000 sqm of own warehouse space by the end of 2025. Investments size will be over € 11 million. About 30% of this amount will be invested in 2023, according to the Fix Price IPO press release.
Two distribution centers are already under construction (in St. Petersburg and Krasnodar cities), the company expects to complete the construction within 2021.
Fix Price network unites more than 4200 stores throughout Russia. The company sells consumer goods at several fixed low prices.