CCC to open 500 shops in 2015-2020

WSE-listed footwear retailer CCC plans to open 500 shops within three years, representatives of the company said. In the CEE region, the retailer will open 378 outlets, and  another 122 in Germany and Austria. "At the end of 2017, our chain should count 1,166 outlets with a total space of 560,500 sqm. The main markets are Poland, where as many as 100 new shops will be opened and also in Romania with 69 shops," said deputy head of the company, Piotr Nowjalis. The company said that it plans to spend PLN 150 million on expansion and an additional PLN 20 million on logistics. CCC's net profit amounted to PLN 33.83 million in Q3 2015, compared with PLN 40.24 million.