“We want 20 new stores annually for both brands. For each new store, investments amount to at least EUR50,000,” said Cornel Mocanu, Pet Network International COO.
He put turnover growth for the first nine months of 2022 at over 10% and targets a 15% increase on the local market in 2022.
The latest store openings were related to Animax brand, with two new stores, one in Bucharest and one in Turda. The company also plans to open another six new stores in Romania by yearend.
In 2021, the company posted EUR52.5 million turnover.
(English version by Catalina Apostoiu)