“On a dynamic market such as retail, we try to adjust fast to the constantly changing needs of our customers. Which is why a sound expansion plan entails a thorough analysis of the current store chain and sometimes we need to make the decision to drop the inefficient stores or change the location to be able to explore new options that are more suitable to today’s requirements,” Carrefour officials said.
Carrefour bought Cora out of Romania last spring, and the deal got the green light from the Competition Council. As part of the deal, it got ten hypermarkets and eight Cora Urban convenience stores, a business that generated RON1.5 billion overall revenue in 2022, according to the latest data available.
Meanwhile, four of the convenience stores have been or are to be closed.
The four stores are Cora Urban Mosilor (284, Calea Mosilor), Cora Urban Stefan cel Mare (58, Soseaua Stefan cel Mare), Cora Urban Rebreanu (13, Strada Liviu Rebreanu) and Cora Urban Giurgiului (127, Soseaua Giurgiului). They will be closed for good, and the staff will be kept and reassigned to other stores in the Carrefour network, Carrefour representatives said.
(English version by Loredana Fratila-Cristescu)