“The investment budget stays unchanged for now. According to the expansion plans we announced at the beginning of the year we seek to open 20 to 25 new stores in 2020, so as to reach 400 stores in Romania by 2025,” the officials of the company say.
The discount retail chain ended last year with 256 stores, 20 of which new.
The investment budget varies with expansion plans. The company announced it planned to open new stores and start work on the fourth logistics facility of Penny Market in Romania in 2020. The investment budget therefore stood at EUR90 million.”‘
“It all depends on how things go. It is difficult to predict what will happen at the moment, so we are focusing on two things: ensuring protection of our employees and customers and constant and adequate supply to our stores.”
(English version by Loredana Fratila-Cristescu)