Portugal is increasingly becoming a country for foreign investment. And not just real estate investment, but also for new chain stores. Examples of this are the opening of Polish Pepco, German Kik and Danish Normal. In 2022, the German retailer also began operating in Portugal.
The brand already has stores in Guimarães, Maia, Barcelos, Águeda and Vila do Conde. The next opening will be in the Algarve, more specifically, in Lagos. The chain's new space opens on September 28th, in Largo do Infantário, according to a report by Postal.
TEDi was created in 2004, in Dortmund, Germany. The brand has around 2,800 stores spread across 12 European countries: Germany, Austria, Slovenia, Slovakia, Spain, Croatia, Italy, Poland, Czech Republic, Hungary, Romania and Portugal. The company employs more than 28 thousand people.
TEDi identifies itself as a local, family-friendly provider with a presence not only in urban areas but also in rural regions. The company offers a wide range of products that include products for everyday needs, gifts, decorative items, toys and stationery, as well as party, DIY and drug store items.
The brand's strategy foresees the opening of at least six stores in Portugal. With five establishments already operating in the country, this imminent opening will allow TEDi to achieve its established objective.