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DTZ: Romania’s Densely Populated, But Lowest-Income Regions, Enjoy Most Modern Retail Developments
The modern retail stock outside Romania’s capital city Bucharest is 1.9 million square meters, the bulk of which is the country’s North-East, South-East and North-West regions which are the...
Unilever: Price War In Retail, Just A Temporary One
The 24% sales tax and the mark-up added by retail chains are partly to blame for the shelf prices of products in Romanian stores, says Jarek Malinowski, the executive who runs the over EUR18...
Unicarm, Set To Get Beyond 100-Store Network
Unicarm, owned by Romanian businessman Vasile Lucut, is set to open between 10 and 15 proximity stores and supermarkets this year and go beyond the threshold of 100 retail units almost ten y...
Real Hypermarkets Losses Peak In 2013
Real hypermarkets reported losses of almost 304 million lei (EUR68.7 million) last year, the steepest since the company entered the Romanian market in 2006, according to Trade Registry data.
Carrefour: Consumption Trend, A Nice Surprise In 2014
Consumption gave real signs of a rebound in 2014, with visible effects both in stores and in Bucharest’s old town, as well as in real estate, says Jean Baptiste Dernoncourt, the head of Carr...
Carrefour Taps Rural Areas In Romania With New Store Concept
French group Carrefour, already present in Romania with around 150 stores operating under four concepts, has introduced the Contact brand on the Romanian market this year, which it plans to...
Polish Retailer LPP Fashion Makes EUR6.5M Revenue In Romania From 12 Stores
Polish fashion retailer LPP Fashion, which operates the Cropp Town, House and Reserved brands in Romania, posted 27.3 million zlotys (EUR6.5 million) revenue in this country last year, up 8%...
Stalling Consumption And Trade Competition Drag Selgros Revenue Down Below EUR700M
Cash&carry store chain Selgros saw its revenue drop below the EUR700 million threshold and profit shrink to less than one third of the 2008 level, to EUR12.2 million, in 2013. Alexandru Vlad...
NEPI Set To Reach EUR1.5B Portfolio In Less Than Two Years
In the past five years, the real estate portfolio of investment fund NEPI has swollen from less than EUR100 million to over one billion euros. South-African-born Martin Slabbert, the fund’s...