Moscow, Oct 21 - Russian budget food retailer Dixy Group will open at least 100 new shops next year and hopes to increase like-for-like sales by 8 to 10 percent, Vice President Fyodor Rybasov said on Wednesday.
Dixy, which had 500 shops at the end of September, will finance the 2010 investment programme from its own revenues.
Retailers focusing on the cheaper end of the market have outperformed in Russia as consumers tightened their belts in the face of the first recession in a decade.
Although economic growth has now returned, recovery is expected to be slow.