French retailer Auchan plans to invest RUB1bn (£20.1m) next year to open five price-oriented compact hypermarkets in Russia under the Radouga banner.

The stores will reportedly have a sales area of 53,820 sq ft and will feature 11,000 SKUs. After next year, Auchan intends to open five to 10 Radouga stores per year. So far, the retailer has not said which Russian cities it is targeting.

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