According to the company, all the three units will be opened on the locations previously held by German-held do-it-yourself retailer OBI, which decided to exit the Romanian market.
Jumbo plans to develop a network of 12-18 units on the Romanian market.
Jumbo opened its first 13,000 sqm Romanian store in October 2013 in Timisoara, on the location of the former real hypermarket. The second store, of 14,000, was opened in November last year in Bucharest. Both spaces are leased. The company opened two more stores in Romania, in October and November this year, one in Bucharest and one in Oradea.
In the first nine months of operations in Romania (October 2013 – June 2014), Jumbo had net sales of EUR8.83 million and a profit of EUR2.14 million from its two stores in Bucharest and Timisoara.
In July-September 2014, the first quarter of the 2014/2015 fiscal year, Jumbo had net sales of EUR2.67 million in Romania and a profit of around EUR383,600.
At the end of September, Jumbo had 193 employees in Romania.
The Greek retailer operates a network of 70 stores, of which 53 in Greece, five in Cyprus, eight in Bulgaria, four in Romania and the e-jumbo online store. Jumbo also has franchised units in Macedonia and Albania.