The retailer, which has been the expansion champion in Romania in each of the last few years, will continue expansion with more than 200 stores for a total over 1,000.
Profi will therefore become the first retail chain in Romania to reach this milestone, followed by Mega Image, which has more than 650 supermarkets and convenience stores.
Both retailers operate on the small format store segment, where development is faster, because companies usually go for rented space on the ground floor of apartment or office buildings. Such stores take up less space and require less investment. Considering the high number of store openings and additional logistics investments or remodeling, the total budget stands at EUR100 million in 2019.
“We have more than EUR100 million planned for investments in expansion and development. We will continue our policy to inaugurate at least as many stores each year as in the previous year. After expanding the logistics base first, of course,” Daniel Cirstea, Profi CEO said.
(English version by Loredana Fratila-Cristescu)