Domo to invest 6m euros in store network

Domo Retail, the second largest electronics and home appliances retail chain in terms of turnover in Romania, will invest some 6 million euros in developing its retail networks in Romania and Bulgaria this year. “The investment budget for this year has not been completed yet, but according to my estimates, they will stand at one million euros for Bulgaria and five million euros for Romania,” stated Lorand Szarvadi (photo), general manager of Domo Retail. With these investments Domo will open another 7 stores in Bulgaria, under the same partnerships that helped it open 4 stores in Kaufland hypermarkets already. “Last year, a total of 7 stores were opened in Bulgaria, and the Domo investment in its Bulgarian subsidiary has now reached the round figure of one million euros,” added Szarvadi. Domo Bulgaria currently has a total retail area of 3,500 square metres and 100 employees. According to information provided by the company, the national network made up of 112 stores, with over 45,000 square-metre area, will expand by a further 17 stores by the end of the year.