In the first quarter of 2022, Agroland Group operated 249 stores of which 17 MEGA and 232 traditional, 17 more than in year-ago period. As for the performance of all own stores (including the performance of MEGA stores), it increased significantly, by 42%, to RON12.2 million compared with the first quarter of 2021.
“In the first three months of 2022, we continued our investments to grow Agroland Business System and we are pleased to have opened three new MEGA stores, in Pascani, Husi and Timisoara, in our home market, increasing the total number of stores to 19 locations. Our 2022 goal is to reach a total of 25 MEGA stores, which we estimate will reach maturity by 2024. Since the beginning of the year, we have also opened four traditional stores – in Costești, Dorohoi, Valu lui Traian and Recaș,” said Horia Cardoș, founder and CEO of Agroland Business System.
The number of customers increased by 54%, to more than 187,000 who visited Agroland Traditional and MEGA stores in the first quarter of the year, according to data provided by company officials.
Online sales increased by as little as 2% to RON1.2 million.
(English version by Loredana Fratila-Cristescu)