However, Profi CEO Gaetan Pacton says there will be more careful planning as financing has become very expensive recently. Record inflation has forced central banks to raise monetary policy interest rates in 2022 and these measures are being felt by people and companies alike.
“In previous years, the cost of financing was very low. Now it has increased fivefold, so we will choose carefully where we open, look for the most profitable options and try to find the best ratio between openings and remodels,” Gaetan Pacton says.
The retailer’s officials said last year that the investment and work required for a remodel was similar to that needed to open from scratch, except that a remodeled store recouped its money faster. Gaetan Pacton again confirms the information.
(English version by Loredana Fratila-Cristescu)