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French sporting-goods chain Koodza to open stores in Hungary

French discount sporting-goods chain Koodza will open three stores in Hungary later this year, the business daily Világgazdaság reported.

The company will open its first three Hungarian stores in Hatvan, Tököl and Érd at the end of November. Koodza, which belongs to the same investment group as French sporting-goods chain Decathlon, plans to open eight or nine more stores in Hungary next year and five or six more stores in the country in 2011.

The company, which has just begun to expand within the European Union, will also operate eleven stores in France, three in both Spain and Belgium and one in both Portugal and Italy by the end of the year. Koodza is expected to compete primarily with Intersport in Hungary, the paper said. (MTI-Econews)