Romanian furniture retailer Casa Rusu wants to expand its network with stores of up to 10,000 sqm, which it will build from scratch.

The company is part of the furniture producer Rus Savitar, which will open its fourth factory in Romania, following a EUR 4.4 million investment.

Casa Rusu wants to buy plots in Bucharest, Timisoara, Craiova, and Cluj, to build stores of 8,000 - 10,000 sqm.

The company has expanded so far with units of up to 5,000 sqm. The largest store stretching over 4,000 sqm opened in 2010, in Vitantis Shopping Center, in Bucharest.

The retailer currently has 17 stores, 11 of which are under franchise.

Following a EUR 500,000 investment, the company will open on March 6 a new store in Colentina, eastern Bucharest, for which it estimates annual sales of EUR 3 million.

editor@romania-insider.com