Germany's discount hypermarket network Kaufland is readying toopen a further five stores in the following months, after boastinga record expansion pace in the first quarter, with 4 stores openedin two months. The retailer's investments are likely to get toalmost 100m euros in 2010, accounting for almost half of the 2009expansion budgets of all hypermarket chains present on the market.The retailer, owned by LIDL & Schwarz group, has since thestart of the year finalised 36m-euro investments in 5 hypermarketsand is now hiring sales employees for its five new locations, inCaransebes, Sighisoara, Orastie, Vaslui, Ramnicu Sarat, Deva.Kaufland now operates 50 stores domestically and is set to doublethe number of store openings in 2010 from last year, when itfinalised six such projects. Kaufland's campaign is fuelled by the150m-euro loan it took out from the EBRD last year in order todevelop its Romanian and Bulgarian network. Domestically, theseresources will allow the company to enter 20 small cities with alow purchasing power.
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