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04. 03. 10. - 11:00

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04. 03. 10. - 11:00

BauMax opens first store in Turkey

Lower Austrian building materials retailer BauMax opened its first store in Turkey yesterday (Weds) in Samsun on the Black Sea coast, the firm announced.

The store has an area of 14,000 square metres and 140 employees. The firm added it would soon open two more stores in Turkey in Izmit and Istanbul, each at a cost of 20 million Euros. Eventually, it said, it would have 40 stores in Turkey at a cost of 600 million Euros.

Turkey is the ninth foreign country in which BauMax is present. It has 144 stores, including 67 in Austria, 24 in the Czech Republic, 15 in Hungary, 14 in Slovakia, 10 in Romania, six in Croatia, four in Bulgaria, three in Slovenia and one in Turkey.

The firm added that, in addition to Turkey, it wanted to expand in Romania, where it was planning to open three more stores in the near future.

BauMax announced last month that a new shop was going to open in Bucharest at the new Sun Plaza shopping mall, which is being developed by Erste Group’s real estate subsidiary Sparkassen Immobilien AG.

Other stores will open in the cities of Pitesti, Constanta and Timisoara, according to a Romanian Times report. The company, based in Klosterneuburg near Vienna, will then have 13 stores in the eastern European country. BauMax has been present in the country for three years.

BauMax Romania reported a turnover of 90 million Euro in the first three quarters of 2009, an 8.5 per cent increase compared to the same period of the previous year.

It had overall 2008 turnover of 1.42 billion Euro in the eight European countries where it has stores.

Austrian Times

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