GERMANY: KiK Textilien plans 1,000 new stores
Value retail chain KiK Textilien und Non-Food eyes 1,000 new store openings in Germany in the coming three years and will take on 1,000 new staff in line with its growth plans.
KIK, a subsidiary of the Tengelmann group, plans to open more than 300 new stores a year, Heinig said.
The new locations are expected to have sales areas of up to 1,500 sq m.
The company will inaugurate its 2,000th store on 16 February in the northern German city of Hamburg.
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