Emperia to open 40-50 Stokrotka stores a year

WSE-listed Emperia plans an intensive expansion of its Stokrotka chain stores and wants to open up to 50 new outlets annually, informed Dariusz Kalinowski, the company's CEO. "In Q3, we opened a record-high number of 26 stores," said Kalinowski. "Currently, there are 290 outlets, there will be more than 300 at the end of the year. In connection with the expansion, we are also developing the logistics network. We will be opening new warehouses and distribution centers, thus we will be able to decrease the logistics costs," Kalinowski added. The CEO also said that the company plans to launch a loyalty program. What's more, its main office will be moved from Lublin to Warsaw.