Norwegian discount retailer Rema 1000 is aiming to increase the number of supermarkets it operates in Scandinavia to 1,000.
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Rema 1000 currently operates 100 supermarkets in Denmark and 362 in Norway. The chain is to open its first Swedish supermarket at the beginning of April, and plans a further 300 stores each in Denmark and Sweden and 400 stores in Norway.
Rema 1000 reported an operating profit of NKr691m (US$93.5m) and a turnover of NKr26bn for 2002. The company’s debt is currently valued at NKr2.5bn, reported the Norwegian News Digest.
