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Jumbo to Boost Investments in Bulgaria

Date: 07.05.2009

Jumbo, the Greek chain of toy hypermarkets, announced plans to expand investments in Bulgaria and open a second store in the country due to open in 2010.

Greece's largest toy retailer reported that ten-month sales grew 15.5 % year-on-year on rising demand, mainly in Cyprus.

Sales in Greece remained at the previous year's high levels, and the firm's Cyprus outlets showed a strong performance.

Jumbo opened its first store in the Bulgarian capital Sofia at the end of 2007. The store has an area of 15,000 square meters and is located on Bulgaria boulevard.

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