Hornbach expands beyond Bucharest in 2009

German retailer Hornbach, which plans to develop a 10-store network in Romania by 2015, targets an over 10% market share during the medium term. The company owns two DIY stores in Bucharest and will expand in cities outside the capital next year, and plans to open a store in Brasov in early 2009. It will also open another store at the exit from Bucharest on the site for the former Prisma retail complex. Hornbach entered Romania last year, bringing the largest type of DIY store on this market, whose retail area reaches some 20,000 square metres. This is the largest type of store in the Hornbach group, as well, which owns 127 stores in nine countries in Europe.