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Fix Price
Fix Price is a Russia-based chain of discount variety stores. The chain includes 4,162 stores in Russia, Belarus, Kazakhstan, Uzbekistan, Latvia, Georgia and Kyrgyzstan. The company was founded by Sergei Lomakin and Artem Khachatryan in 2007, founders and executives of the former Kopeyka (supermarket) chain. Goldman Sachs Group, Inc acquired a stake in the company in 2020. By the end of 2020, Fixprice had revenue of 190 billion rubles ($2.6 billion) in a year. In March 2021, Fix Price held an IPO on the London and Moscow stock exchanges. Investors were offered 21% of the authorized capital of the company (178.4 million global depositary receipts at a price of $9.75 each). The company raised about $1.7 billion. The share of each of the co-founders decreased from 41.66% to 35.43%. Selling shareholders still have a put option for another 26.8 million GDRs. Now Fix Price's capitalization is estimated at $8.3 billion. This is the largest listing of a Russian company in ten years. Open ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Variety Stores
A variety store (also five and dime (historic), pound shop, or dollar store) is a retail store that sells general merchandise, such as apparel, automotive parts, dry goods, toys, hardware, home furnishings, and a selection of groceries. It usually sells them at discounted prices, sometimes at one or several fixed price points, such as one dollar, or historically, five and ten cents. Variety stores do not include larger formats: general merchandise superstores (hypermarkets) such as Target and Walmart. Warehouse clubs like Costco, grocery stores, and department stores are also not considered variety stores. Economics Pricing and margins Some items are offered at a considerable discount over other retailers, whereas others are at the same price point. There are two ways variety stores make a profit: * Buying and selling vast amounts of goods at heavily discounted prices provides a small profit margin multiplied by the volume of sales. * Pricing many items at prices that are h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
