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Makima Group plans to open more than 120 new stores,

Economics | November 14, 2018 at noon. 10:14

Makima Group plans to open 120 to 140 new stores in the Baltic countries, Bulgaria and Poland next year, Makima Group said in a statement to the Vilnius Stock Exchange.

This suggests that many of these stores will be opened in Poland and that in the expansion and development of their chains, Makima Group plans to invest at least 100 million euros the following year.

"We plan an active expansion next year, which is mainly focused on Poland. This market, with 38 million people, is attractive in size and potential for growth and consolidation," says Makima Division, Missouri Department.

"We bought the combination of the retail chain Stokrotka in the spring and Aldik, which we already owned, gave a solid basis for further growth in this neighboring country, and in the coming years we plan to maintain fast speed," Misjon said.

Makima Group owns Makima retail outlets in the Baltic countries, Stokrotka and Aldik in Poland, T-Market in Bulgaria and Barbora food and e-marketing platform operating in Lithuania and Latvia. Makima Group belongs to the holding company "Vilniaus prekiba".

At the end of October, Makima Group had 1059 stores, and most of them – 507 – were in Poland. By the end of this year, it is planned to open 50 more stores in all markets, according to the announcement for the stock exchange.

At the end of 2017, Makima Group had 568 stores.

Last year, Makima Group worked with a profit of 75 million euros, which was twice as much as a year ago.

Photo: / MakimaLV

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