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Praktiker to open first scaled-down unit in Hungary by year-end

German-owned do-it-yourself chain Praktiker will open its first small store - of about 1,500sqm - in Hungary in Sátoraljaújhely before the end of the year, Praktiker's Hungarian unit said.

Karl-Heinz Keth, the unit's head, said falling demand on the DIY market warranted a new sales concept. Praktiker has 19 stores in Hungary with an average area of almost 7,000sqm apiece.
Praktiker dismissed speculation late in the summer that it could pull out of Hungary.