With two decades of experience in the field. - Tedi intends to open 1800 additional discount stores.
The 20th-anniversary celebrations for the German discount store are underway, with ambitious expansion plans in the pipeline.
This successful retailer currently runs 3,200 stores across Europe. In the previous financial year alone, they added 300 new outlets. However, they aim to go even further.
In a recent press statement, CEO Petar Burazin said that their growth in such a challenging environment is "no mean feat". He reveals their goal to grow their store network to 5,000 in Europe over the coming years.
Burazin acknowledges the myriad of difficulties facing their industry amidst ongoing political, societal, and economic hardships. These pressures have stretchingly impacted supply chains. However, their resilience has been demonstrated by their continued success.
Tedi's German Adventure
► Our story of Tedi traces back to 2002, with the debut of their first store in Hagen. This was quickly followed by a rapid expansion to a network of 120 stores across Germany by 2004.
Since then, the retailer has widened its product range to cater to various needs. Tedi is renowned for selling everything from affordable home decor, stationery, cosmetics, toys, gift items to clothing. They've got 1,890 stores operating in Germany presently, and more are on the horizon.
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Source: symclub.org
