Italian food retailer Conad Adriatico is investing €65 million over the next three years in its home market, as well as in Albania and Kosovo.
According to CEO Antonio De Ferdinando, the company aims to cover all areas of the market that are open in southern Italy, as well as to expand in Albania, where it already has 36 sales points, and in Kosovo, where it has plans for new stores, in an area that is seeing economic recovery.
Conad Adriatico is one of eight cooperatives owned by Conad, the largest cooperative in Italy. It coordinates activities among independent retailers operating in Italy’s Marche, Abruzzo, Molise, Basilicata and Puglia regions, as well as in Albania and Kosovo.
According to the figures for 2014, Conad Adriatico had a total turnover of €925 million, 372 outlets (six Conad Ipermercatos, four Conad Superstores, 110 Conads, 145 Conad City outlets, 39 Margherita Conads, 32 Todis outlets and 36 other channels), 253 members and 699 local suppliers. The development plan for the 2015-16 period includes 33 new stores and two fuel distributors.
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.