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Aldi plans to open 10-15 new stores in Hungary a year – Napi Gazdaság

Discount retailer Aldi plans to open 10-15 new stores per year in Hungary in the coming years in order to strengthen its position in the capital and other major cities, increasing the number of its units to over 110 in three years, business daily Napi Gazdaság said on Monday.

Tibor Székács, managing director of Aldi Magyarország Élelmiszer, told the paper that the company had built 75 stores in the past three years, investing hundreds of millions of euros in the country.

Aldi plans to open another three stores this year and projects a two-digit increase in turnover. Székács said Aldi controlled 1-2pc of the Hungarian market last year.

He said the expansion will be based on a combination of greenfield investments and acquisitions.