C&A could open more stores than initially planned

Sales of the first C&A store in Romania, which opened in early April, exceeded the clothing retailer’s expectations, prompting the German company to consider opening several stores on the Romanian market in 2009, from an initial plan of 2-3 stores. “The results we obtained since the opening of the Bucharest store were double as high as we expected, and if things carry on in the same way, we will open more stores than originally planned – 2-3 stores in 2009,” said the spokesman of C&A Europe, Andreas Seitz. C&A Europe will invest over 600 million euros in expanding its store network between 2009 and 2011. The retailer reported sales worth 6.3 billion euros in 2008, i.e. a 3% rise. C&A opened its first store on the Romanian market in early April, in Militari Shopping City Bucharest.