German retailer Kaufland, the leader of the local retail market, plans to open about ten new stores in Romania this financial year (March 2019-February 2020). It will also open the first two stores in the Republic of Moldova, also operated by Kaufland Romania.

The volume of investments will increase by 30%-35% compared to 2018 since last year only six new stores were opened, the company’s officials added, local Wall-street.ro reported.

"In April, we open two stores: one in Bragadiru, on April 18, and one in Bucharest, where we will reach 14 units. We will open the rest of the stores this year all over the country: Ardeal, Muntenia, Dobrogea and Moldova," said Valer Hancas, Corporate Communications and Corporate Affairs Officer of Kaufland Romania.

For the first time, Kaufland will open this year a hypermarket in a shopping center (in Sibiu).

"Given that commercial spaces are getting scarcer, we opted for a shopping center by opening the Festival Centrum Sibiu store. Depending on its performance, we will consider opening other stores in shopping malls," the Kaufland official said.

editor@romania-insider.com

(Photo source: the company)