Pavel said that besides the opening of the three new stores, investment projects for 2017 also targeted store refitting and extensions of existing stores.
„We have 12 stores in Bucharest and the rest of Benvenuti units are located in Romania’s big cities.”
Th retailer targets consolidation in 2018, targeting small growth in the context of rising taxation, higher operating costs and the depreciation of leu versus the euro which is very damaging for Benvenuti, Pavel also said.
Benvenuti’s turnover reached RON110 million in January-November 2017, higher by 19% than RON92 million in the year-earlier period. The retailer initially estimated a turnover of RON115 million (EUR25.5 mil. euro) for 2017, up 10% against the previous year, according to ZF calculations based on company data.
Benvenuti had a turnover of nearly RON104 million (nearly EUR23 million) in 2016. The retailer sells mostly shoes bought from Italian suppliers, some of which also have plants in Romania.