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Tuesday | March 2 | 2021

200 million euros invested in 2020 by Austrian retailer XXXLutz

2020 is a record year in terms of investments for XXXLutz. 200 million euros were invested and more than 30 furniture stores were opened.

In Austria, two new furniture stores will follow this autumn (Mömax in Eugendorf, Möbelix in Nenzing), in addition to redevelopments in Eugendorf (a total investment of 38 million euros), and in Lauterach (18 million euros).

In addition, 72 million euros were invested in a new central warehouse in Zurndorf.

In Germany, the new XXXLutz warehouse in Amt Wachsenburg went into operation in mid-September after an investment of more than 100 million euros in 2019 and 2020.

In addition, more than 30 million euros were invested in the expansion of the various online shops in 2020.

Two weeks ago, XXXLutz opened six new furniture stores in Hungary, after the rebranding of six former Kika stores acquired last year. These stores are in Budaörs, Györ, Pecs, Debrecen and two in Budapest.

Marking its 75years anniversary this year, XXXLutz Group has more than 320 furniture stores in 13 European countries (Austria, Germany, Czechia, Hungary, Slovenia, Slovakia, Croatia, Romania, Bulgaria, Switzerland, Sweden, Serbia and Poland) and employs more than 25.700 people.

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