Cora Romania registered sales of 1.6 billion lei (EUR359 million) in 2012, up 6% on the year, while the retailer’s net profit declined 38.5%, to RON24.5 million (EUR5.5 million).
Last summer, Cora opened a shopping center in Constanta, which includes a hypermarket and a shopping gallery, in a EUR51 million investment, while in October, it opened a hypermarket in Ploiesti, following an investment of EUR6.1 million.
In 2014, Cora plans to open a new hypermarket in Bucharest in a EUR10 million investments and to start works on a commercial center in Brasov, where it will invest around EUR70 million.
In December, cora also launched its coradrive service on the local market, allowing customers to order products online and pick them up at a certain Cora store, and it might also launch the home delivery service in the first half of 2014.
The company’s representative said that this year’s perspectives greatly depend on the international context.
The retailer’s local network currently includes 12 hypermarkets, four in Bucharest and eight in the cities of Ploiesti, Cluj-Napoca, Baia Mare, Arad, Drobeta Turnu Severin, Constanta and Bacau.