Leroy Merlin opens five new DIY stores in Brazil in 2015

The French DIY store operator Leroy Merlin opened three new stores in Brazil on consecutive days (20, 21 and 22 October) last week. The company had already opened one new store in the first half of the year, its 37th store and the first in north-western Brazil. Another new opening is to follow in December. Overall the French have invested BRL 400 mio in the five new stores opened this year.
A member of Groupe Adeo, the Leroy Merlin chain recorded sales amounting to around BRL four billion in Brazil last year. With a total market volume of BRL 60 bn indicated by the building materials retail association Anamaco (Associação Nacional dos Comerciantes de Material de Construção) for 2014, this is equivalent to a market share of roughly six per cent. While the market is expected to grow by approximately six per cent this year according to the Anamaco forecast, Leroy Merlin aims to maintain growth of 20 per cent.