“We will end the year with an increase in turnover but we do not expect anything spectacular. We estimate growth of 5% to 10%.”
Pavel, who created this retail brand in 2004 after spending almost a decade as a shareholder of footwear retailer Leonardo, expects revenue to go up even though the first two months were not a very promising start of the year, as the bad weather kept customers away from stores.
A factor that could contribute to the increase in Benvenuti’s revenue, which stood at EUR11 million in 2010, is the opening of the 36th store of the chain in the Palas Iasi complex. This will be its second opening in three years.
“We want to develop slowly because however stable the market might be now, it can be easily influenced by the situation abroad,” Pavel said.
(English version by Loredana Fratila-Cristescu)