Kaufland Targets 15 Stores in Moldova | Progresiv
Schwarz Group’s hypermarket banner Kaufland has officially confirmed its market entry into the Republic of Moldova. The company's Moldovan website outlines the retailer’s plans, which will create 1,000 new jobs in the process. Kaufland has already been preparing its market entry into the country through the sponsorship of several events and with a presence at job fairs. 
News portal Mold-Street reports that the retailer plans to invest EUR100mn with the opening of 15 stores in Moldova – six of which will be in the capital, Chisinau. The company is looking for stores sized at a minimum of 2,000 sq m and located in cities with at least 30,000 inhabitants and a catchment area spreading to 60,000.
Kaufland is among the largest retail companies in Europe, with over 1,250 stores in 7 countries and a chain of 116 stores in Romania. In 2016, the retailer reported a turnover of 9.691 billion lei, up by 10% compared to the previous year, Kaufland remaining the leader of the local retail market, followed by the French from Carrefour (www.retailytics.com).
