Kingfisher, which bought the 15 Romanian Bricostores from French retailer Group Bresson last year, will reopen the units in Chiajna (Bucharest), Ploiesti, Pitesti, Brasov, Arad and Oradea Friday, under its Brico Depot format.
The retailer has remodeled and reopened two stores in Bucharest.
“We will continue the remodeling process for the remaining stores, for which works will start in the first half of 2015,” Brico Depot Romania deputy executive manager Patrick Papot said in a press release Tuesday.
Kingfisher plans to reach around 50 stores in Romania on the long term. The British DYI group had a turnover of GBP42 million (EUR51.66 million) in Romania in the first half of the 2014/2015 financial year (February-July). In the same period, the 15 Bricostores posted a gross loss of GBP6 million (EUR7.38 million), including costs for their remodeling into Brico Depot stores.
The first two Brico Depot stores opened in March and the company said it would speed up the remodeling process for the remaining 13.