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The First Armenian Modern Hypermarket STAR Meets The Requirements Of

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  • The First Armenian Modern Hypermarket STAR Meets The Requirements Of

    THE FIRST ARMENIAN MODERN HYPERMARKET STAR MEETS THE REQUIREMENTS OF THE MOST FREAKISH BUYERS

    arminfo
    2007-08-27 19:21:00

    The first and modern supermarket of the STAR network, which was opened
    in Nork Massiv III in Yerevan the other day, meets the requirements
    of the most freakish buyers.

    As the Marketing Director of the STAR company Narine Avetisian
    told ArmInfo, the supermarket's shopping space exceeds 2 000 square
    meters. 'The supermarket, which works 24 hours a day, meets the most
    up-to-date requirements of retailers, both from the point of view of
    assortment of goods and the level of services', she noted. According
    to her, 20 000 names of food and non-food products are sold in the
    supermarket, which is meant for daily and weekly shopping. At the
    same time, according to N. Avetisian, the large shopping space and
    the wide variety of the assortment of each category of goods give a
    possibility to offer the buyer a large price spectrum. 'The quality of
    the goods should correspond to their price,' N.Avetisyan noted. She
    added that the trade in the supermarket is carried out not only by
    cash, but by means of plastic cards as well.

    To note, with the opening of the first hypermarket, the STAR company
    actually implemented a project of multi-format conception of retail
    development, which consists of three main formats: small self-service
    shops in the center of Yerevan (the metro format), medium-sized grocery
    supermarkets in densely- populated regions (the supermarket format),
    and large centers (the hypermarket format). By the end of 2007,
    the retail food network of Star will have 10 shops of different
    formats. At the moment, there are 5 STAR supermarkets: 2 shops in
    Amiryan and Tigran Metsi streets, 2 medium-sized supermarkets in Avan
    and Zeitun, and 1 hypermarket in Nork Massiv.

    To note, the European Bank for Reconstruction and Development has
    owned 28,3% of STAR company's shares since October 2006. Within
    the next 2 years the company will invest about $16 mln in extension
    of the network of STAR supermarkets and creation of a logistic and
    distributive center.
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