Retail chain C&A is planning to launch a new chain of budget stores next year, it has been reported.

The company will open two "Avanti" stores in Germany next year, according to German newspaper Handelsblatt.

C&A was not available to comment immediately.

The retailer has over 32,000 employees in Belgium, Germany, France, Luxembourg, Netherlands, Austria, Poland, Portugal, Hungary, Switzerland, Spain, Czech Republic and Russia.