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Penny Market Stores Bleeding Red For The First Time In A Decade
Rewe Romania, the company that operates Penny Market and XXL Mega Discount stores, ended 2012 with losses of 6.6 million lei (EUR1.5 million), the first year in a decade when the company's n...
GfK: Romanian Durable Goods Market Rose 4% In 1Q, To EUR349M
Romania’s durable consumer goods market rose 4% on the year to EUR349 million in the first quarter of 2013, according to a GfK Romania survey released Monday.
INS: First-Quarter Adjusted Retail Sales Inch Up 0.8% On Year
Romanian adjusted retail sales edged up 0.8% in the first quarter of 2013 compared with the year-earlier period, fueled by higher sales in most sectors, the statistics institute INS said Wed...
Multinational Chains Dominate Romanian Retail
Romanian modern retail is dominated by foreign networks, which boast annual sales of EUR8.5-EUR9 billion. No local entrepreneur manages to compete against Kaufland, Lidl and Carrefour, and n...
Modern Retailers Hired Over 5,500 People In 2012
Eight modern retailers hired more than 5,500 people last year, according to ZF data and the top employers were hypermarket chains Auchan and Kaufland, followed by supermarket network Profi....
Who’s Taking Modern Retail To Rural Areas?
The 12 competitors in modern retail have put more than 1,000 stores on Romania’s map, and some of them have lately tried to expand to rural areas, even though still close to big cities.
Kaufland Considers Opening Stores In Malls
Kaufland, the largest retailer in Romania, plans to open stores in the local malls after having preferred standalone stores or stores in retail parks, sources close to the company say.
Sales Of Romanian Electronics Retailer Flanco Up 25% In 2012, To EUR137M
Romanian electronics and appliances retailer Flanco had a turnover of EUR137 million in 2012, up nearly 25% on the year, and reached a 13% market share, the company said in a statement Tuesd...
Accessory Retailer Meli Melo Sales In Romania Up 10% In 2012, To EUR8.2M
Accessory retailer Meli Melo Paris posted sales of EUR8.25 million in Romania last year, up 10% on the year, and expects similar sales in 2013.