OREANDA-NEWS. On 22 December 2008 was announced, that JSC “The Seventh Continent” (further referred to as the Company) 11М 2008 trade sales in USD terms increased 30% (24% in ruble terms) YoY.

The Company’s November trade sales in ruble terms increased 22% YoY and reached 3 745 mn. rubles. The growth in sales in ruble terms in the hypermarket format for November 2008 reached 59%. The growth in regional sales in ruble terms for November 2008 reached 50% YoY.

Based on management accounts the Company’s 11M 2008 gross retail sales[1] reached 39 092 mn. rubles or USD 1 594 mn.

As of the end of November 2008 the selling space of the Company’s stores under the brands “The Seventh Continent” (supermarkets), “Nash Hypermarket” (“Our Hypermarket”) and “Prostore” accounts for 171,3 th. sq. m. and increased 19% compared with the same period of 2007.

In November 2008 the Company opened 1 restyled and central store: "The Seventh Coninent – Gastronomy” in Moscow (the following address: Bolshaya Lubyanka str. 12/1).

From the beginning of the year 2008 the Company opened 13 new stores including 3 hypermarkets. Selling space increased by 24,4 th. sq. m., including the 16,6 th. sq. m. in the hypermarket format. As of the end of November 2008 the Company managed 140 stores, including 131 supermarkets and 9 hypermarkets.