“We plan to open 20 stores per year under the two brands by 2020,” stated the company’s representatives. According to data previously published by Rewe Romania, investment per store stands at EUR2 million, so that around EUR280 million are going to be invested in the 140 stores scheduled for opening in the 2014-2020 period.
In the context of expansion, the company’s revenue is likely to near EUR1 billion in 2020, according to ZF estimates. “The company’s revenue in Romania advanced by 13.8% last year, the fastest growth pace among all the markets the company is present on,” reads a report on 2013 figures.
Rewe Romania ended 2012 with revenue of EUR432.5 million.
(English version by Catalina Apostoiu)