Sun, Jul 05 2009

Piccadilly to open 20 corner shops in Sofia

Tue, Jan 13 2009 12:15 CET byDnevnik.bg 123 Views

Bulgaria's Varna-based supermarket operator Piccadilly said it will open 20 corner shops in the Bulgarian capital Sofia by the end of 2009. The first two stores under the Piccadilly Express brand have already launched operations, and a third one is due to open by end-February.

The new retail chain will be expanded to 40-50 shops, the bulk of them set to appear in Bulgaria's larger cities and towns.

The operator will also go ahead with plans to open hypermarkets of over 12 000 sq m under the brand Piccadilly Extra. A further 20 supermarkets in the 2000-4000 sq m range will be added to the chain's current network of 17 stores across the country.

Piccadilly, owned since 2007 by Serbia's Delta Max Group, is one Bulgaria's biggest supermarket chains and has long dominated the market in the city of Varna, embarking on a nationwide expansion campaign after the ownership change and competing directly with Germany retailer Metro, Austria' sBilla and discount chains Kaufland and T-market.

Source: Dnevnik

Write comment

Name: Comment:
Send your comment

More in this category

Cosmote Romania buys rival operator for 3G licence

Mobile operator Cosmote Romania agreed the acquisition of smaller local rival Zapp Mobile for 207 million euro on June 30, after months of negotiations.

Nabucco deal to be signed July 13

The intergovernmental agreement for the Nabucco natural gas pipeline will be signed in Ankara on July 13, it emerged on July 3.

Harnessing the wind

Bulgaria has low taxes, low labour costs and a lot of wind – a good combination for any company seeking to develop wind parks.

Creating a future in IT

On June 5 2009, US ambassador Nancy McEldowney launched the first US-Bulgarian partnership dedicated to Information Technology and Innovation.

In neutral gear

Bulgarian car parts manufacturers have been affected by the recession, but are optimistic about their future.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.