ROMANIA/POLAND The TxM chain of clothing and household goods stores has announced its Q1 sales results as well as the opening of three new outlets: in the Romanian towns of Mangalia and Giurgiu and in Sosnowiec in Poland.
Mangalia is located near the resort of Constanța on the Black Sea. The TxM store in this town has an area of 300 sqm and is situated in the local Auchan shopping centre. In Giurgiu near Bucharest the chain’s store occupies 372 sqm in the FoFo shopping centre. Its expansion onto the Romanian market started one and a half years ago and the TXM chain now has 32 stores across this country.
A new TxM store has also opened in Sosnowiec – its third (340 sqm) store in the town is in the Centrum Zagórze mall. Since the beginning of the year the company’s sales have amounted to PLN 72 mln, which is 1 pct higher y-o-y. It has generated online sales of PLN 1.9 mln – an increase of 15 pct compared to Q1 2016. At the end of March the TxM chain consisted of 406 own stores with a combined area of 102,700 sqm (29 pct more than at the end of March 2016).