Iaşi store drives Cezar Rapotan's DIY network back to growth in just three months
The opening of a store in Iaşi in March brought a 6% sales increase to Mr. Bricolage retailer domestically in the first half, according to a company report.
The DIY network is controlled by Cezar Rapotan, the owner of
Arabesque, the biggest building materials distributor on the
market.
On the other hand, the retailer's two older stores, located in
Bucharest and Piteşti, saw their turnovers slide by 11% in the same
period.
Sales generated by the Iaşi store in the first three months of
operations could be put at over 1-1.5m euros, taking into account
the operator reached 16m-euro sales.
Brico Expert, the operator of the three Mr. Bricolage stores
domestically, registered a 18% sales decline in the first quarter
against the same period of 2009, the retailer's report also
shows.
The Iaşi store was the only expansion project the retailer
controlled by Rapotan finalised this year. Investments in it stood
at 7m euros and the opening had been initially scheduled for 2009,
together with another expansion project in Buzău.