CDRL to open 47 stores this year

Children’s fashion retailer CDRL (Coccodrillo) plans to open 47 new stores, of which 15 in Poland, 12 in Europe and 7 in the EU and will spend PLN 12.8 million on investments, CEO Tomasz Przybyła told a news conference. "By end-2016 we will have 500 outlets, of which half would be located in Poland, thus we will reach our expansion aim. Since 2017, we will focus on reopenings, on finding better locations for our existing stores," Przybyła said. At the end of 2015, the company had 447 stores, in comparison with 362 in the previous year.