“The DIY market is good, customers are more and more interested in modern solutions for their homes,” says Frederic Lamy, Leroy Merlin Romania CEO.
The new store will be close to the new Ikea in the area and a kika store.
Leroy Merlin’s sales stood at almost 2 billion lei (EUR421 million) in Romania last year, Lamy says; the official 2018 results have not been published on the Finance Ministry’s website yet.
“We will go beyond RON2 billion sales in 2019. Our business is growing twice faster than the market.”
The DIY market did well in the first eight months of 2019 and posted about 10% growth.
Leroy Merlin stores are located in cities with more than 100,000 people and have 2,500 employees in all, with an average of 100 to 200 employees per store.
The Romanian DIY retail market stands at almost EUR4 billion a year, and the market leader is Romanian-held Dedeman.(EUR1=RON4.7485)
(English version by Loredana Fratila-Cristescu)