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Six Romanian Retailers Expanded Abroad With More Than 55 Stores
Six Romanian apparel, footwear or cosmetics retailers have tried their luck on foreign markets and now have more than 55 single-brand stores opened either by themselves or by franchisees. Mo...
Il Passo Expects 5% Growth In 2017
Footwear retailer Il Passo, a company with an 18-history on the market, has budgeted growth of 5% in revenue in 2017. Its retail revenue will therefore amount to more than 50 million lei (EU...
Zara Owner Inditex Accounts For 10% Of Romania’s Fashion Retail
The Inditex group, which owns some of the best-known fashion brands in the world, such as Zara, posted almost 1.5 billion lei (EUR328 million) sales in Romania last year, after an almost 30%...
Dan Ostahie Becomes Top Three Romanian Entrepreneur After 40% Rise In Altex Sales
Altex, the largest local computer and electronics retailer, in 2016 had its best year in its 25-year history, posting growth of 40% in sales to 2.7 billion lei (EUR589 million).
Modern Retailers Opened 117 Stores In January-June
Retailers expanded their networks by 117 stores, less than half of the planned number for 2017, more than 300 in various formats. Two networks opened 90% of those 117.
Mutu Family Seeks To Sell Annabella Retail Chain
Local entrepreneurs Dan and Dorina Mutu, are considering the sale of Annabella retail chain. With its about 220 million lei (EUR48.3 million) sales last year and a network of about 60 stores...
Real Estate Investor Oasis Takes Out EUR8.5M For Retail Investments
Real estate developer Oasis Retail & Development Consulting, held by two businessmen in Sibiu, Klaus Reisenauer and Kurt Wagner, took out a EUR8.5 million loan from Raiffeisen Bank Romania t...
Modern Retail Chains Operated At Less Than 3% Profit Margin In 2016
The ten modern retail networks ended last year with 48.6 billion lei (EUR10.6 billion) sales and less than RON1.4 billion profit, which means the profit margin stood at only 2.9%.
Street Front Retail Space Market In Bucharest Stands At EUR2B
Pacific (Radu Dimofte) and Romarta (Broadhurst) are the largest owners of street front retail space in Bucharest, which they rent to Mega Image, Profi, banks, pharmacies and betting parlors.