CDRL intends to reach 500 outlets in 2016

Children’s fashion retailer CDRL (Coccodrillo) plans to open 50 new stores in Poland and abroad in 2016, so it will have 500 outlets by the end of the current year, Tomasz Przybyła, Vice President of the company said. "Also, we will focus on e-commerce, where we have noted dynamic growth," he continued. At the end of 2015, the company had 447 stores, in comparison with 362 in the previous year. The new openings are planned in Poland, the Czech Republic, Saudi Arabia and Romania. In 2015, the company posted PLN 179.4 million in revenues, PLN 17.9 million in operating profit, and PLN 20.5 million in EBITDA. CDRL is a children’s clothing retailer. It has been listed on the WSE since October 2014.