“There are various implementation phases, due to be completed in September. At the end of this effort, hypermarkets will have a more streamlined and intuitive structure,” say the representatives of the retailer.
The move comes as this type of stores has gradually lost popularity, both locally and internationally, as clients are now focusing more on proximity.
Cora store chain owns a ten hypermarket-network domestically, five small stores under Cora Urban brand and an own online unit.
Cora ended 2021 with RON1.55 billion turnover, down 4.3% year-on-year. This was the second year of decline for the company that also posted losses of RON43 million after net profit of RON5 million in 2020.
(English version by Catalina Apostoiu)