Kaufland’s network in Romania grows to 100 units
Kaufland Bucharest Tudor Vladimirescu created 200 jobs and its the retailer’s second store opening this week, after on Wednesday the company opened a unit in Bacau. According to information previously confirmed by the German company, the investment for a new hypermarket varies between EUR 6 and 9 million, depending mostly on the location.
Since the start of the year, the retailer opened stores in Arad, Targu Mures, Oradea, Targoviste, Bucharest and Gherla.
It’s been 9 years since Kaufland entered the Romanian market, and up till now the German retailer has created over 12,700 direct jobs. The company posted a profit of RON 331 million (EUR 75 million) in 2013, up 20 percent year on year, while turnover increased 13 percent to RON 7.26 billion (EUR 1.64 billion).
Source: business-review.eu
