Fix Price entered the Armenian market
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The Fix Price chain of low fixed price stores entered the Armenian market by opening its first outlet in Yerevan, informed company press office.
“Armenia becomes the ninth country where Fix Price has a presence. Earlier, in January 2023, the first Fix Price stores opened in Mongolia. Stores in Armenia have become part of the Fix Price franchise network,” the statement said.
According to Vladimir Pogonin, director of the Fix Price store management department, the second store in Yerevan will open in the coming months.
As of May 15, as follows from the company’s release, a total of 653 franchise outlets operate in all countries where Fix Price has a presence (Russia, Kazakhstan, Belarus, Latvia, Kyrgyzstan, Georgia, Uzbekistan and Mongolia), and the entire network as of the specified date has over 5,900 points.
Last year, Fix Price’s revenue in accordance with IFRS amounted to 277.6 billion rubles, EBITDA – 54.2 billion rubles, and net profit – 21.4 billion rubles. As of March 31 this year, the network consisted of 5,848 stores in Russia and neighboring countries.
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