Terno increased sales 23% last year
- Vladimír Dohnal
- Feb 22, 2021
- 1 min read
The chain of 140 Terno and Kraj stores posted a €1.5m EBITDA profit last year following losses in 2017-19, says Stanislav Čajka, CEO of Terno RE (Martin Fedor). Its sales rose 23% to €171m and should increase towards €200m this year. Last year, it took over 40 stores of the bust Kačka chain in northern and central Slovakia, and this year it plans to open 10-15 new stores. Further expansion should drive sales up to €500m gradually. It does not plan the online sale of food, but will introduce produce under private brands this year. Slovak foodstuffs account for 60% of sales. It will keep both store brands, Terno and Kraj.
Recent Posts
See AllThe €250,000 price of an apartment in Bratislava includes the cost of the land (€50,000) and the 5-year permitting process (€30,000),...
Volkswagen 's Bratislava plant tried to win production of the electric VW ID.1 model, but despite ranking well in internal VW plant...
Slovakia’s employment rate among the 20 to 64-year-olds rose to a record high last year and was higher compared to the EU’s average of...
Comentarios