Large stores such as Kaufland, Lidl, Profi, Mega Image and Penny Market are moving ahead with planned investments for 2020 despite Covid19 pandemic which has brought the economy into “cardiac arrest”, many key sectors such as auto, furniture or non- food being temporarily blocked.
At the beginning of 2020, the ZF estimates based on the information communicated by retailers showed that the players in the modern trade will invest almost 1 billion euros for 400 new stores, for investments in logistics and online.
“Kaufland Romania will continue the expansion plans in Romania, according to the already existing strategy and in an optimistic perspective, but which depends very much on the evolution of the current context. We plan to open three new hypermarkets by June, but also to reopen the seasonal, tent-like pop-up stores,” Kaufland representatives said, according to zf.ro.
Retailers thus announce that they are moving ahead with investments at the same pace, these projects not only creating 7,000-10,000 new jobs, but also supporting the adjacent development of other businesses, such as companies in the supply chain.