The retail chain Migros has announced a massive investment programme in for its stores.
Over the next 5 years it will spend 2 billion francs on opening 140 new shops and modernizing or expanding a further 350 outlets.
It says with its bigger footprint it will become the closest supermarket for a further 200,000 households.
The chain is undergoing a major refocussing of its operations with the sale of certain operations and the recent loss of 1,500 jobs.
Also, it has started a large cost cutting operation and will concentrate more on its own brand products, it says in a press release.
Migros has a revenue of USD 28.5bn a year – making it the 36th biggest retailer in the world.
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