WH Smith to open Russian stores in 2013 - consultant
November 23, 2012 12:14 AM EST
Newspapers, books and stationery retailer WH Smith Plc
The company is targeting airports to kick-start its expansion on the Russian market, with the help of local partners, Yulia Sokolova, a leasing director at Knight Frank, told Reuters.
Russia has been attracting international retailers seeking exposure to growing markets amid sluggish sales in much of Europe, with consistently rising disposable incomes and a 143 million-strong population underlying the country's appeal.
WH Smith, which operates more than 1,100 stores, primarily in Britain, said in April that it plans to expand internationally, focusing on new stores at travel hubs and in growing overseas markets that are helping to offset weakness on Britain's high streets.
The company was not immediately available for comment on its Russian expansion plans.
(Reporting by Natalia Ishchenko and Olga Sichkar; Writing by Maria Kiselyova; Editing by David Goodman)
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- Kobani ISIS Fighter Sends Out Desperate Message For Prayers And Support: Euphoria Turns Into Desperation As Kurds Advance
- Chris Algieri’s Battered Face Trends On Social Media
- Home Depot Early Black Friday 2014 Sale Up To Nov. 29, 2014 Includes Special Buys On Appliances Such As Samsung Refrigerators, Whirlpool Electric Ranges And Hoover Vacuum Cleaners
- Black Friday Sale 2014 Deals From Amazon On Smartphones, TVs, Headsets And More
- Microsoft Band Runs Out Of Stock, But Offers $10 Gift Voucher To Wait-Listed Customers
- Andrew Robb Asks Obama Not to ‘Lecture’ Australia on Climate Change
- Highest Paid NBA Players 2014: NBA Stars Who Earn More Than LeBron James