Wednesday, May 04, 2005

Commerce in Eurasia

Iki Stores - Latvia
Originally uploaded by foodchronicles.
Reading a market report just delivered tells of good news in Latvia and the Ukraine. Two large grocery giants have signed agreements to build stores throughout these countries.

In Latvia, IKI stores have commited to build six new stores. In the Ukraine, the Fozzy Group (no not the musicians) have announced an agreement to open its third store in the Ukraine. It will be taking over an old Maksi store location in the Borispol area.

Fozzy stores carry about 50,000 SKUs and are approxiamtely 6,000 to 8,000 square meters. Fozzy's other two store are locate din Odessa and Kiev. The stores are a welcome convenience to shoppers in both countries.

I don't know very much at all about these countries or the stores that are prominent in them. I do remember reading and hearing news reports that people in Latvia and the Ukraine were desparate for the convenience of a supermarket. Not to mention the possibility of having a nice selection of commodities. Hopefully things are improving in both areas economically to allow all of their citizens to enjoy these stores.

If you have personal knowledge of the areas, I'd love to read your feedback.