Service logistics company Itella - a market leader of contract logistics in Russia - signed a long-term warehousing contract with M.Video, one of the leading Russian consumer electronics retail channels. Itella will provide M.Video 70 000 cubic meters of warehouse space in Krekshino in Moscow region and 5000 square meters of small cells at mezzanine zone.
The partnership of Itella and M.Video began from warehousing at the small mezzanine zone with 2500 squre meters with small cells in Odintsovo in 2005. The new contract means significant growth of cooperation as the warehouse space required now is almost double compared to last year. M.Video is also one of the biggest Air & Sea freight clients of Itella in Russia, and volumes in this area of cooperation have been remarkably growing during the past year.
"Since 2012 Itella has been also our biggest Air & Sea logistics partner. Our cooperation in transport services is one reason to strengthen further our partnership in other logistics services, including warehousing," comments Irina Ivanova, Supply Chain Director, M.Video.
"M.Video's decision shows that Itella's strategy to make consumer electronics one of the key segments of our business is a right step. We are very happy about that. A growing long-term cooperation with such a big client as M.Video shows that Itella's warehousing operations in Russia are organized in a highly professional way. The strategic partnership in logistic will be developed in close cooperation in order to increase efficiency and to further build new innovative services," says Elena Pechnikova, Contract Logistic Director, OOO Itella.
For further information:
Elena Pechnikova, Contract Logistic Director, OOO Itella, +7 (495) 926-53-00
Irina Ivanova, Supply Chain Director, M.Video, tel. +7 (495) 644-28-48
Information about companies:
Itella Logistics, part of Itella Group, supports and develops the business of its customer companies by providing them with service logistics solutions for road, sea and air freight, warehousing and other contract logistics. Customers may outsource an individual element of their logistics process, or even their entire supply chain, to us. Itella Logistics has operations in eight countries (Finland, Sweden, Denmark, Norway, Latvia, Lithuania, Estonia and Russia). The company provides global services through its partners. The net sales of Itella Logistics was in 2011 MEUR 732 and it employed 7,100 persons. www.itella.com/logistics
OJSC Company "M.video" is the largest Russian consumer electronic retail chain by revenue. The Company started its operations in 1993. In November 2007 OJSC "Company "M.video" became the first publicly traded company in the domestic consumer electronic retail sector. The Company's shares are traded on Russian RTS and MICEX (ticker: MVID).
In 2012 the Company's retail sales reached 158 billion Russian roubles (with VAT) demonstrating 20% growth versus 2011. M.video runs 296 brand name stores in 127 Russian cities as of December 31, 2012. The selling space of M.video stores accounts to 537,000 sq. m while the total space accounts to 723,000 sq. m. M.video sales per sq. m amounted to 308,000 rubles in 2012. www.mvideo.ru