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STAR Chain Of Supermarkets Ensures 24% Sales Growth Via Discount Act

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  • STAR Chain Of Supermarkets Ensures 24% Sales Growth Via Discount Act

    STAR CHAIN OF SUPERMARKETS ENSURES 24% SALES GROWTH VIA DISCOUNT ACTION 'CHOSE ARMENIAN'

    ArmInfo
    2009-04-22 13:02:00

    STAR chain of supermarkets has ensured a 24% sales growth over a week
    via a discount action 'Chose Armenian'. The action was launched on
    April 14 and will last 14 days. STAR offers up to 14% discount for
    514 local products.

    'Demand for local products has grown. We'd like to believe that our
    consumers will chose local products even after the discount action',
    says Vahan Kerobyan, STAR Executive Officer. 'Nowadays consumers try
    to save their funds. In this connection, as local producers we are
    extremely interested in increasing the share of local production in
    their choice. Due to such actions, local producers get an opportunity
    to maintain sales and prevent job axing', says Shushan Karapetyan,
    MAP Company Deputy Director for Marketing.

    STAR Company is sure that the action 'Chose Armenian' is a joint
    'therapy' against global economic crisis.

    STAR Company was founded in 1998. At present this chain comprises
    13 supermarkets (12 in Yerevan and 1 in Hrazdan). EBRD holds a 28.3%
    stake in STAR Company.
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