Fourlis’ pipeline includes new IKEA store openings

According to management, the Fourlis Group plans investments of €25–26 million, with a primary focus on the development of its retail networks and the enhancement of digital infrastructure.

From the total investment plan, approximately €5 million will be allocated to IT maintenance and infrastructure, €6.5 million to digital transformation projects, €13.2 million to store network expansion, while an additional €6 million will be directed to the Inter IKEA distribution center (IDC) project.

Regarding IKEA, management acknowledged that finding suitable properties remains a challenge; however, it reiterated the goal of opening 2 to 3 smaller-format stores annually, modeled on the Patras store.

Concerning the large IKEA store in Elliniko, management clarified that it is not expected to become operational before 2029.

Special mention was also made of the new Holland & Barrett partnership with Golden Age Capital. According to the management team, the brand will expand through the Doctor Pharmacy network, aiming to achieve nationwide presence via pharmacies.

The Doctor Pharmacy network, currently comprising approximately 25 to 30 locations, is planned to expand aggressively to surpass 100 stores, leveraging the liberalization of this specific market in Greece.

In the sporting goods sector, management was asked to explain the increase in inventory, noting that it is largely due to global changes in Nike’s systems, which led the Group to absorb additional merchandise worth approximately €5 million.

For 2026, the goal is to liquidate part of the stock and gradually normalize financial results.

At the same time, the Group plans to further strengthen its presence in sporting goods, with the opening of 4 new Intersport stores and 12 to 13 new Foot Locker locations during the year.

Fourlis’s plan reflects a clear emphasis on organic growth, operational streamlining, and digital upgrading, at a time when the Group seeks to strengthen its position across multiple retail channels.