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Romanian retailer Altex to open over 10 new stores in 2022

Romanian retailer Altex to open over 10 new stores in 2022 Source: Altex

BUCHAREST (Romania), December 2 (SeeNews) - Romanian IT&C and electronics retailer Altex plans to open at least ten new stores next year and continue investments, it said on Thursday.

"It's been a busy year for Altex in terms of expansion. We opened seven new stores in 2021 and we've remodelled some of the existing ones. We have the same ambitious plans for 2022: over ten new units and further modernization of existing spaces," Altex commercial director Edvin Abdulachim said in a press release announcing the opening of its third store in the southern city of Ploiesti, Prahova county.

The new 1,000 sq m store will offer over 4,000 products such as consumer electronics and household appliances.

In November, Altex opened new stores in Campina and Resita, while in October, it opened a new store in Medias and invested 5 million euro ($5.64 million) in a new store in Bucharest. The retailer also invested 5 million euro in a smart electronic label system for its stores in October.

Altex employs over 4,000 in its Altex and Media Galaxy stores in Romania. It also operates two online stores.

($=0.8861 euro)

Altex Romania SRL is among the biggest companies in SEE, for more reference take a look at Top 100 companies
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