Property in Romania

Carrefour plans to extend by 7 new hypermarkets in Romania, every year

Carrefour Romania, the division of French Carrefour Group plans to open seven new hypermarkets every year, and to number about 40 new units by 2012, the Ziarul financiar reads on July 21 quoting sources of Hyparlo Company, a part of the French retailer.

Analysts expect enlargement investments to reach 450 million euros over 2009-2012.
Carrefour chain tries to preserve its top position among the hypermarkets, given that newcomers Real and Kaufland top it in terms of stores number.

The market share in this segment will attain about 50% in 2012, says Hyparlo, the company managing the Carrefour hypermarkets in Romania.
Operating in Romania since 2001, the Carrefour chain aims at exceeding the sale threshold of 1 billion euros late this year.

Date posted: August 31, 2008