Novus Ukraine LLC (Kyiv), which manages the Novus hyper- and supermarket chain and is part of the Lithuanian investment group BT Invest, plans to open eight to ten new stores in Ukraine in 2020.
“We plan to open eight to ten stores this year,” Ihor Landa, the director general of BT Invest Ukraine, told Interfax-Ukraine.
During a speech at EBA Global Outlook: Boosting Investments, he noted that the expansion of the network is currently limited exclusively to Kyiv and Kyiv region.
“We invest only in Kyiv and Kyiv region. This is due to the fact that here purchasing power is still quite high. In addition, there is migration here from different cities,” he said.
At the same time, he added that in addition to migration to the capital and cities with the population exceeding one million people, a significant migration abroad creates problems with finding and recruiting staff. Thus, about 750 vacancies have now formed in Novus.
In addition, due to the increase in rental rates in the market, it is becoming increasingly difficult for the retailer to find suitable premises for opening a new store.