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Article: Netto sinks 200m [pounds sterling] in South Wales.(News)(Brief Article)
- Article from:
- Grocer
- Article date:
- January 22, 2005
CopyrightCOPYRIGHT 2005 William Reed Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Netto is pumping 200 [pounds sterling]m into a plan to open up to 70 stores in South Wales.
The Danish discounter, which already has stores in Flint and Holyhead, said South Wales was a key element in its expansion plans for the UK.
UK MD Claus Waedeled said: "Our experience in Flint and Holyhead has convinced us that there is ample room for further expansion of Netto in the principality
"Like the Danes, the Welsh understand the benefits of value retailing and that is reflected in the sales we enjoy in our ...