“Russian Discount Retailer Fix Price Exits Mongolia”

Key points

• Fix Price closed all three Mongolian stores by end of September.
• The exit is reported in the company’s Q3 2026 results, per Vedomosti.
• Mongolia’s small market size and logistics cited as challenges.
• Fix Price previously entered Mongolia in Jan 2023 and expanded to four stores by late 2025.
• The company also trimmed franchises in Kyrgyzstan and the UAE while expanding elsewhere.