There are 13 Koton stores in operation at the moment, with three more scheduled for opening by the end of 2016.
“We will end this year with 16 stores by opening three more in Bucharest. We will inaugurate a store in Militari Shopping Center this month, our first standalone store on Lipscani Street in September and will go to the newest mall in Bucharest, Park Lake in November,” said Burak Akbulat, country manager of Koton Romania.
Koton entered in Romania in 2007 and opened its first store in Bucharest Mall, the first mall in the country. Last year it expanded and remodeled the store, which currently takes up 1,640 square meters and is its largest on this market.
“We want to expand to 25 stores and make more than EUR50 million sales a year by 2018.”
Koton has stores in five cities in Romania – Bucharest, Timisoara, Iasi, Ploiesti and Constanta and plans to expand to four more cities by 2018 – Cluj-Napoca, Brasov, Craiova and Sibiu.
(English version by Loredana Fratila-Cristescu)