Billa speeds up Slovak expansion
Published at: 2017-04-20 10:44 | Author: CIJ Journal
Billa plans to open 12 new supermarkets in Slovakia in 2017, accelerating its expansion from 2016 when it opened just eight new stores. Revenues increased to €495m last year, up by 5 percent y-o-y, but net profit was cut in half to €2.2m according to the Billa’s 2016 annual report thanks in part to the necessity of creating a financial cushion ahead of a negative re-evalution of its properties. The company’s operational profit rose. In Slovakia, Billa invested €16.4m into new stores and into modernizations of some of its existing ones. In 2017, another 12 stores should get a facelift. Billa plans to open new stores in Žiar nad Hronom, Košice and Nitra and in the Blumental complex in Bratislava. Two of the planned new supermarkets will be in shopping centers, taking over the units left by Hypernova in Centrum in Nitra and Atrium Optima in Košice.
Slovakia ♦ Aupark expansion planned in Bratislava
Aupark in Bratislava is to be expanded. Its owner Unibail-Rodamco has filed documentation »
Nexterio, a Kielce-based retailer that sells ceramic tiles, gres tiles, clinkers and mosai »
The opening of the Promenada shopping mall in Novi Sad has been set for December 5. With m »
Nearly 5 million people visited the Galaxy shopping center in Szczecin in the first three »