“We have three warehouses in Stefanestii de Jos, Ilfov County (2.7 hectares), Turda, Cluj County (2.35 hectares) and Nicolae Balcescu, Bacau (1.97 hectares). We intend to open the fourth logistics center in the next few years,” Penny Market officials said without providing details about the potential location.
Retailers chose to go to two areas only at first – Bucharest-Ilfov and Cluj but have gradually gone to other parts to the country, as well, as the market developed.
An example in this regard is Penny Market, which about two years ago announced intention to open a warehouse in Moldavia and was the first retailer to go this poor region of the country. It opened its warehouse about a year ago and others have followed since.
“Last year’s investment budget (EUR80 million i.e.) was directed to new stores (26), store remodeling, shopping centers (XXL Mega Discount remodeling), the opening of the third warehouse in Bacau and the expansion of the two warehouses in Stefanesti and Turda,” Penny Market officials added.
(English version by Loredana Fratila-Cristescu)