PENNY MARKET
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Penny Market Posts 53% Growth in Net Profit in Romania in 2019
German-owned discount retail chain Penny Market reported a turnover of RON3.96 billion for 2019, up 15% on the year, while its net profit grew 53%, to RON55.15 million.
Penny Market Earmarks EUR90M For Investments In 2020
German-held discount retailer Penny Market will invest EUR90 million in network and logistics area expansion this year. The company will therefore continue development of its business in Rom...
Private Labels Now Account for Over 25% of Penny Market’s Sales
Boni, Gran Mare and Hanul Boieresc and other private labels contributed more than one quarter of the sales of German discount store chain Penny Market. They contributed more than 900 million...
Private Labels Account for a Quarter of Penny Market Sales
Private labels such as Penny, Boni and Hanul Boieresc generate more than one quarter of the sales of the retail chain Penny Market, but the target its to have them account for 35% of the sal...
Penny Market Set to Preserve Double-Digit Growth Rate in 2019
Discount store chain Penny Market has more than 240 stores in Romania and continues expansion at a rate of 20 to 25 stores a year.
REWE Romania Seeks to Double Network in 7 Years, Invest EUR500M Locally
REWE Romania, which operates discount store chain Penny Market, plans to double its number of stores locally in the next seven years and to invest EUR500 million in development, company gene...
Penny Market Opens New Store, Reaches 238 Units In Romania
German-held discount store chain Penny Market, held by Germany’s Rewe Group, has reached 238 stores in Romania, after opening a new unit in Scornicesti locality in the County of Olt.
Penny Market: Over 70% of Products on Shelves Sourced from Romanian Suppliers
Discount store chain Penny Market, which has about 240 stores in Romania, works with over 450 suppliers in the country to secure more than 70% of the products on shelves.
Penny Market to Invest RON2.3B in Romania by 2025
German-held discount store chain Penny Market invested 346 million lei (EUR72 million) last year, directing the money to the opening of 15 new stores, remodeling of already existing ones to...