Retail group InRetail (OTC PINK: INREF) is still on track to reach the goal of opening 900 stores by the end of 2023. For this year discount retail chain Tiendas Mass plans to open up to 200 new stores in 2023, with which it would reach the targeted milestone.
With these openings, Tiendas Mass has become one of the fastest growing discount stores in Latin America, following D1 and Ara in Colombia.
Currently, Tiendas Mass has stores in at least 73 districts of Lima, Callao, Arequipa, Ica, Piura and Trujillo. To continue with its growth, Mass is looking for new locations.
On average, Mass stores has an average of 200 square meters of sales area.
Source: Ignacio Gomez Escobar, Colombia
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