The retailer will be opening another unit on Friday, in Roman, northeastern Romania.
The retailer entered the Romanian market in 2007, in full economic boom, and has opened stores in Romania’s big cities and medium-sized towns. It expanded at a rate of 7-10 new units per year.
Over 30% of dm stores are street fronts. In the past three months alone, dm opened 11 stores. It also closed three stores this year and another last year.
The company’s turnover in Romania in the 2017-2018 financial year (October 1, 2017 – September 30, 2018) stood at RON415 million, up 22.3% on the year. Company officials said it posted a net profit of RON6.3 million, its first profitable year since entering the market.
In the calendar year 2017, dm drogerie markt reported to the finance ministry a loss of RON3.4 million and turnover of RON306.2 million, Figures reported to the finance ministry may differ from company reports due to varying accounting standards.