Spanish retailer Caprabo has announced it plans to open five new supermarkets in Barcelona in June, with a total estimated investment of €3.1 million.
The new stores, one of which is company-owned, are located in four districts in the Barcelona metropolitan area; in L'Hospitalet de Llobregat, Badalona, El Prat de Llobregat and Sant Feliu de Llobregat.
Strategic Area
In total, the new supermarkets add up to some 2,400 square metres of commercial area and create some 60 jobs.
Caprabo says the province of Barcelona is a strategic area for the retailer, where it has supermarkets spread over 70 towns and districts.
Caprabo said this is the first large wave of openings outlined the company's expansion plan for this year, which began in February with a new store in the La Sagrera neighborhood of Barcelona and which anticipates the opening of around 20 supermarkets.
'New Store Formats'
“At Caprabo, we have given a strong boost to our expansion plans, and in 2023, we continue with very ambitious figures," said Edorta Juaristi, director general, Caprabo.
"Despite already having more than 300 supermarkets in Catalonia, we continue to bet on expanding our presence in the market with new store formats that help us to be more competitive and boost our leadership.”
Read More: Caprabo Increases Sales Of Locally Sourced Products
Catalan Provinces
In 2022, Caprabo opened twenty stores, including franchised supermarkets and company-owned stores. For the 2021-2023 period, it will have incorporated 80 new supermarkets into the market, across all Catalan provinces.
In addition to the franchise stores, which tend to be smaller, Caprabo is also introducing a new format to its company-owned outlets.
Between 2021 and 2022, Caprabo has opened three of its own stores in Sitges, Sant Joan Despí and Barcelona, with an average of 1,500 square metres of commercial sales area and a global investment of €6.6 million.
Read More: Caprabo Reduces Plastic In The Packaging Of Tomatoes
© 2023 European Supermarket Magazine – your source for the latest retail news. Article by Robert McHugh. Click subscribe to sign up to ESM: European Supermarket Magazine.
