The company has recently completed the first phase of modernization works of the hypermarket inaugurated 16 years ago in Romania, and the second phase of the project is due to be completed in the first months of 2020, according to Thierry Destailleur, general manager of Cora Romania.
The company said it will extend the modernization process to the other units it operates on the Romanian market.
The retailer ended 2018 with a turnover of RON1.7 billion, lower by just 1% compared to the previous year. Over the past four years, the business was constant, at RON1.7 billion, despite a growth in consumption during the same period. More exactly, in 2016 and 2017, respectively, private consumption grew over 10%, while in 2018, the rate slowed to half, but stayed in the black.