PENNY
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Penny Net Profit Surges 44.8% YoY To RON123M In 2021
German-owned discount store chain Penny on Thursday said it ended 2021 with a turnover of RON5.39 billion, up 14% from 2020, and a net profit of RON123 million, up 44.8% on the year.
Penny Wants to Step Up Store Opening Pace from 2022
Penny continued to open new stores during the pandemic, 20-25 units per annum, but wants to step up and even double up the pace toward 40 units starting 2022.
Penny Eyes 15% Higher Turnover, Of Almost RON5.5B, in 2021
2021 has topped initial expectations for Penny Romania, despite the pandemic and inflation that hurt companies in various fields, so that the retail is poised to see turnover go up by around...
Penny Wants 60% of Products Sold In Its Romanian Stores to Be Locally-Made and Processed by 2022
German-owned discount store chain Penny aims to have 60% of products sold in Romania manufactured and processed in Romania by 2022, according to the company’s representatives.
Ropharma Sells 8,850 Sqm Plot in Iasi to Penny for EUR2M
Pharmaceutical company Ropharma (RPH.RO) held by several Cyprus-based companies has secured approval from shareholders to sell an 8,852 square meter plot on Soseaua Bucium in Iasi to Rewe Pr...
Penny Seeks To Boost Number Of Stores With Butcheries In Romania To 375 Until 2029
German-owned discount retail chain Penny, which operates a network of almost 280 discount stores in Romania, seeks to extend its local partnerships in order to boost the number of stores wit...
Penny Reports Net Turnover Of RON4.73B For 2020
German-owned discount retail chain Penny, which operates a network of almost 280 discount stores, had a net turnover of RON4.73 billion in 2020.
Penny CEO Daniel Gross Expects 2021 to Be More Difficult Than 2020
This year will be more difficult than the first year of the pandemic, whose impact will be stronger in 2021, believes Daniel Gross, the chief executive officer of German-held discount store...
Penny Set to Keep Hiring, Expanding in 2021
Discount retailer Penny will continue to hire in 2021, as a result of store chain expansion and the development of a new warehouse.