Austrian do-it-yourself retailer BauMax has opened its first store in Bucharest, the retailer’s tenth outlet in Romania. The new 11,000-sqm BauMax shop is located in the Sun Plaza retail project in south Bucharest, the grand opening of which is set for February 27.
BauMax is the seventh DIY retailer to open up in the capital, where 12 such stores are operating. The Austrian retailer joins others such as Praktiker, Hornbach, Bricostore, Mr. Bricolage, Obi and Dedeman.
BauMax is planning to open four more shops in Bucharest in the near future, the first two of which are to begin trading next year. Overall, the retailer would like to double its Romanian chain of stores in the following three years.
Even through profit margins are tipped to shrink on the DIY market segment in Romania over the next year, the market is still interesting for expansion because the demand for renovation and construction products will grow, say BauMax representatives.