Is the Russian store chain called Mere coming to Hungary?!
Based on the information obtained by Haszon.hu, the company’s goal is to open 200 stores in three years and achieve a turnover of 700 million euros, which represents a serious challenge for the existing players.
Mere’s planned presence in Hungary is part of its European expansion strategy, which had to be revised due to the Russian-Ukrainian conflict and sanctions affecting the Russian economy. The model of the discount chain, which works similarly to Penny, Lidl and Aldi stores, already works successfully in many countries and is now appearing on the market in Hungary as well.
Of the planned 200 stores, 20 would be in and around Budapest, which would be realized in the first year. This would represent a significant challenge for the existing retail chains, while the Hungarian government also prefers to support domestic businesses over foreign competition.
Related news
Russian retail looks for growth options
Russian retailers are looking for new ways to increase their…
Read more >We know where Mere will open its first Hungarian store
The Russian Mere department store chain will soon open its…
Read more >Mere’s first store in Budapest may open this year, in the 4th district
Despite facing delays in preparations, the Russian discount chain Mere…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Using 30% less materials would be a solution to the climate crisis
The circular economy is a global imperative: it transcends geographical…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >