The retailer is thus changing its strategy of fast expansion.
“In 2022, we will continue our expansion plans through investments similar with 2021 ones, but the pace of new store openings will be slower,” says Calin Costinas.
In a normal year, the company has an investment budget of around EUR100 million, both for openings and refurbishment, as well as for logistics and portfolio.
For 2022, the executives running Profi, a chain controlled by investment fund Mid Europa Partners, announced the group plans to open or refurbish 300 stores, with this being the most ambitious expansion plan so far for the company or any local retailer.
The company ended 2021 with a network of over 1,500 stores, making it the largest player in modern retail.
(English version by Catalina Apostoiu)