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Sales Per Sqm Down 40% Despite EUR2B Investments By Retailers
Sales per square meter, the most significant indicator for the local retail that actually reflect the consumer spending trend, reached an average of EUR4,200 last year, from the EUR6,500 to...
Ten Second Tier Fashion Retailers See EUR60M Sales From Over 100 Stores
Although international giants like Inditex (Zara), H&M and C&A dominate the Romanian fashion retail, some second tier foreign brands have developed on this market, too.
Gica Popescu’s Shopping Complex Goes Insolvent, Closes Down
Shopping complex Doldora Bazaar in southwestern Bucharest, developed by former footballer Gica Popescu and two business partners, went insolvent and has recently closed after reality proved...
Most Extensive Retailer: Petrom Boasts Sales Of Over EUR200M Through Its 550 Gas Station Stores
OMV Petrom, the largest company on the Romanian market by turnover, has annual sales of around EUR200 million from non-oil products sold through the country-wide network of 546 gas stations....
CBRE: Modern Retail Space Stock In Romania To Reach 2.85Mln Sqm By End-2013
The stock of modern retail space in Romania will increase to 2.85 million square meters by the end of 2013, while shopping center vacancy rates range from 5% to over 10%, depending on projec...
Romania’s Mall Ranking Remains Unchanged At The Top
The top performers among malls by revenue per square meter are Baneasa Shopping City, AFI Palace Cotroceni, Iulius Cluj, Bucuresti Mall, City Park Constanta and the Orhideea complex, whose r...
Billa Opens New Supermarket In Brasov, Central Romania
German supermarket chain Billa, part of the Rewe retail group, will open Tuesday its third supermarket in Brasov, central Romania, reaching a national network of 73 stores, the retailer said...
Romanian Entrepreneur Takes On Retail Giants
Romanian businessman Nicolae Sarcina, based in Gorj county (southern Romania), who owns the Succes retail chain is taking on the Bucharest market in full gear, where he plans to open more th...
Naspers: Online Sales Only 2% Of Romania’s Retail Market
E-commerce accounted for only 2% of the overall Romanian retail market in 2012 compared with 6% in the Czech Republic and 4% in Poland. However, this shows a significant potential for growth...