Saturday, November 24, 2012

WH Smith to open Russian stores in 2013

Pedestrians walk past a WH Smith shop, in London October 6, 2008. REUTERS/Alessia Pierdomenico

MOSCOW | Thu Nov 22, 2012 
MOSCOW (Reuters) - Newspapers, books and stationery retailer WH Smith Plc (SMWH.L) plans to open its first stores in Russia next year as part of its broader global expansion plans, property consultant Knight Frank said on Thursday.
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.

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