Spanish supermarket giant Mercadona has announced that it is to invest €1.8 billion this year to execute its transformation plan.
The funds will be used in opening approximately 69 new supermarkets in Spain and 10 in Portugal.
The company will renovate around 160 supermarkets in line with its new efficient store model, and continue to develop its global fresh project, it said.
The investment will also be used to set up ready-to-eat food counters in approximately 460 stores over the course of the year.
Other Focus Areas
Mercadona plans to strengthen and optimise its logistics network by upgrading and adding new logistics facilities.
The company will also focus on digital transformation and opening a new online store – Hive – in Getafe in Madrid.
The company expects to create than more 2,000 permanent jobs in 2020 through these initiatives.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.