The opening is part of the retailer’s expansion strategy for 2020. Just two weeks ago, Altex opened a store in shopping center AFI Brasov, investing EUR1 million.
Altex has over 120 stores in Romania under the brands Altex and Media Galaxy and two online stores, one for each brand.
The retailer had a turnover of RON4 billion in 2019, up nearly 15% on the year, and a net profit of over RON75 million, up 19% on the year.
Altex plans to invest over EUR27 million from its own funds and loans this year in expansion and modernization.