Praktiker consolidates Romanian DIY chain with new unit in Foscani

Newsroom 11/05/2009 | 16:40

The new Foscani store delivers 4,300 sqm and a parking area with 250 spaces. It has a staff of 100. “The unit in Foscani is the sixth one we have opened in the Moldavian region of Romania,” said Michael Krahn, general manager of Praktiker Romania. Following this investment, the German group has now put EUR 257 million of investment into Romania and delivers through its countrywide retail spaces a total of 170,000 sqm of sales area, employing 3,000 people.
Praktiker Romania registered sales of EUR 88.52 million in Q3 of 2008, representing a growth of 20.6 percent compared with the same period of 2007, according to the company. At nine months, the group posted net sales of EUR 217 million and expanded with three units in Deva, Pitesti and Iasi.
In Europe, it owns over 400 units in nine countries including Germany, Bulgaria, Poland, Hungary, Turkey, Luxembourg, Ukraine and Romania, and employs over 23,000 people, half of whom work in Praktiker's units opened outside Germany.
Magda Purice

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