GPA announces that it will accelerate store openings

Also, in 2022, the group plans to open 75 stores, 24 Extra Hiper conversions, 6 Pão de Açúcar and 45 proximity stores.

Foto: Divulgação

By: SiiLA News

09/09/2022

On Tuesday (6th), GPA announced in a material fact that it would accelerate the opening of proximity stores. The retailer plans to open up to 300 stores by 2024. Of the total number of stores, 250 would be in the proximity stores format and the other 50 in the supermarket format.

Also, in 2022, the group plans to open 75 stores, 24 Extra Hiper conversions, 6 Pão de Açúcar and 45 proximity stores. A further 100 stores are planned to open in 2023 and 125 in 2024.

According to the material fact, the company's decision to focus on the proximity store format "is due to the greater potential of points of sale in cities where GPA already has a presence, capitalizing even more on its logistics network, in addition to requiring a lower CAPEX to other formats, which should generate a faster and more effective return to GPA".

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