Carrefour has announced major plans for expansion in Romania where it expects to achieve sales exceeding EUR1bn (US$1.5bn) in 2008.
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The retail giant’s eleventh Romanian hypermarket was recently opened in Braila, with an investment of EUR20m, and nine more will be opened in 2008-2009, said a spokesperson told just-food.
Openings scheduled for this year and next include second hypermarkets in the cities of Braila, Constanta and the capital, Bucharest.
Last year, Carrefour saw sales in Romania leap 54% to EUR866m reflecting some EUR80m of investment in four new outlets, three of which were only opened in the last quarter of the year.
Discounting the impact of new hypermarkets, sales growth was 5%, making Romania one of Carrefour’s best-growing European markets.
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By GlobalDataThere has been talk that Carrefour will enter the Romanian discount market this year, possibly by taking over the Plus stores from the German Tengelman group but Carrefour Romania declined to comment.
