Real hypermarket network, owned by Germany's Metro group, plansto add 2-3 stores per year in Romania on the medium term, namely inthe next three to five years, after the retailer opened just onestore in 2010, the company's most prudent year since entering themarket.
"We'll take our expansion plan further on the medium term, byopening 2-3 stores per year, depending on emerging opportunities,"stated Michel Lamoot, general manager of Real HypermarketRomania.
The retailer, active for four years on the domestic market, nowoperates 25 stores and last year reported sales worth 671m euros(VAT not included). The company's representatives put the company'sinvestments in Romania at 500m euros.
Domestically, the German operator has not stepped into the black,yet reporting losses of 58m euros in 2009, the biggest in foodretail, according to Trade Registry data.
On the hypermarket segment, Real is the third network announcingexpansion plans on the medium term, after Auchan and Cora.
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