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Retail Deals Won’t Stop After Profi Sale
Modern retail, a EUR10 billion to EUR11 billion market a year in Romania, will go through a number of new deals over the next two or three years, which means it will either see a new player...
Slow Start Of The Year For Modern Retailers: Only 17 New Stores In January
Modern retailers opened only 17 stores in January, all of them small format stores such as supermarkets, convenience and discount stores. Half of the ten modern retail chains opened at least...
Start Of 2017 Below Expectations, Retail And Real Estate Companies Say
January 2017 performed below expectations for the retail and real estate companies, which blame it on the cold and snow that cut Romanian consumers’ appetite for spending.
DTZ Echinox: Occupancy Rate Of Bucharest Modern Retail Stock At 96%
The modern retail stock in Bucharest reached 1.225 million sqm at the end of 2016, after the openings of Parklake Plaza and Veranda Shopping Center, thus, the occupancy rate stood at 96%, ac...
Over EUR1B Deals Transformed Romanian Grocery Retail In Past Decade
German-held discount store chain Lidl is in talks to buy two XXL Mega Discount stores from fellow German group Rewe in Romania in a EUR5 million to EUR10 million deal, market sources say. Th...
Six Billion Euro Companies In Modern Retail, As Mega Image Joins Club
Belgian-held retailer Mega Image is the latest billion euro company in local retail if its sales grew as much in the second half as in the first half of 2016.
Romanians Spent EUR3B On Shopping In December 2016
Romanians spent about EUR3 billion to EUR3.6 billion in stores in December, and most of the money went towards food, while the rest to clothing, cosmetics, computer and electronics products,...
Retail Chain PROFI Ends 2016 With 501 Stores
Retail chain PROFI on Thursday inaugurated three units in Bacau, Racaciuni and Sarmasu, closing 2016 with a total 501 stores, the retailer said in a statement.
Paval, Dedeman: We’re Already Past EUR1B Sales
Do-it-yourself retailer Dedeman Bacau, the largest entrepreneurial company in Romania, has overshot the one billion euro sales mark on the Romanian market.