Romania: Praktiker opens 23rd hypermarket; investment tops EUR 12.4 M 16:16 - 29 July 2008 Leading do-it-yourself chain operator Praktiker will open its second hypermarket in Iasi and 23rd hypermarket in Romania on Friday, August 1, with an investment of EUR 12.4 million, the company said.
The hypermarket is located in the Era Shopping Park, spreads on a retail floor area of 8,200 sqm and has car park of 300 places. Praktiker Romania, part of the German group Praktiker, has opened two stores this year, one in Deva and one in Pitesti; the facility in Iasi will increase the total floor area managed by the retailer to 153,000 sqm.
Praktiker has invested EUR 220 million in Romania so far. Praktiker sales in Romania rose 18.5% in the first half to EUR 129 million.
Source: ACT Media News Agency
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