Penny Continues to Expand and Opens Two New Stores

Penny continues to expand its network nationwide and inaugurates two new stores in Curtea de Argeș, Argeș County, and in Fetești, Ialomița County.

With these openings, the Penny network reaches 458 units nationwide.

The company recently inaugurated its new logistics warehouse in Mihăilești, Giurgiu County. The Mihăilești warehouse completes the company’s logistics infrastructure in Romania, alongside the centers in Ștefăneștii de Jos, Turda, Bacău and Filiași.

The retailer is preparing investments of approximately EUR 3 billion over the next 10 years, three times more than the amount invested between 2014 and 2024, a decision driven by accelerated expansion plans, but also by the significant increase in costs for land, buildings and construction materials, with the goal of reaching 1,000 stores and an expanded logistics network to six regional centers.