German drugstore retailer Rossmann plans to invest €170m ($219m) this year. It wants to open 340 new stores, of which 155 will be in Germany, where it has 2,000 locations. The family-run retailer operates 3,300 drugstores, each occupying 500 to 800 sqm of leasable space in first- and second-tier locations in street shops and retail centers. Rossmann’s group sales during the past fiscal year rose 8.7 percent to €7.2bn. In Germany, the company’s sales rose 7.9 percent to €5.38bn.
