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Romanian Fashion Brands: Three Insolvencies And A Bankruptcy
The financial crisis and the aggressive expansion of foreign brands, such as Zara, H&M and Deichmann, swept the local apparel and footwear market and the first to go down were the Romanian r...
Corporate Lending NPL Ratio Twice As High As Retail NPL Ratio
Corporate lending recorded the highest non-performing loan ratio during the crisis, which peaked at 24% in the first half of 2014. Swiss franc and euro-denominated loans saw the highest NPL...
Modern Retail Headcount Halved In 2009-2014
The decline in sales per store, the opening of smaller stores, the technological progress and the increase in the number of temporary employees caused the headcount in modern retail stores t...
Fashion Retailer Zara Posted RON400M Sales In 2014
Zara, one of the seven brands Spanish giant Inditex operates on the Romanian market, posted sales of almost 412 million lei (EUR92.8 million) on the local market last year, up 9% from 2013,...
Dedeman Reaches 12% Profit Margin
Bacau-based do-it-yourself retail chain Dedeman, the largest Romanian-held company, overshot the 400 million (EUR90 million) mark in earnings for the first time, according to Trade Registry...
Modern Retail Expansion Ate 90% Of Selgros’ Profit During Crisis
The sales of the 19 cash&carry stores in the Selgros chain dropped to less than 3 billion lei (EUR672 million) last year for the first time during the crisis.
Furniture Retail Attracts New Companies
Three new retailers have entered the furniture retail in the last two months, an over EUR700 million market denominated by local entrepreneurs. Since few retailers ventured into the market d...
Manufacturing SMEs Employ More Than 800,000 People
Only one out of nine small and medium-sized enterprises in Romania has manufacturing as its core business, according to ZF’s calculations based on the European Commission 2014 estimates.
H&M Tops RON500M Sales In Romania
Sweden’s Hennes & Mauritz (H&M) sales in Romania went past half a billion lei in 2014, after four years of fast-paced development, reaching 529.5 million lei (EUR119 million).