Real to open two stores by end of year
2008-09-29
Real, a
hypermarket chain owned by the German
Metro AG, has opened one new store since the beginning of 2008 and plans to expand by another two by the end of the year. Seven of the existing hypermarkets are to be remodelled. The total amount invested this year is expected to be PLN 390m (€116m).
Two of the stores opened in 2008 will take up less area than the average for a Real chain. The management board intends to assess the manner in which this format performs and, on this basis, decide the kind of stores in which the chain will invest in the future.
Plans for 2009 include investments which were included in the locations package acquired from the French Casino group in 2006, in addition to the remodelling of more hypermarkets.
At the moment, Real has more than 50 hypermarkets in Poland. In 2007 it recorded a 52.6% year-on-year increase in turnover, to PLN 5.2bn (€1.5bn), a result of the acquisition of the Geant chain from the Casino group.
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