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Top Fashion Retailers Plan To End Year With 50 New Stores And Over 1,000 New Employees
The five largest foreign fashion retailers on the local market, which control 220 stores generating over EUR220 million in revenue, set out to open more than 20 new stores in the second half...
Romania’s Political Turmoil Chases Retail Investors Away - CBRE
Romanian retail market will be quiet until the end of summer as investors are reluctant mainly due to the exchange rate fluctuations amid political tensions, Luiza Moraru, head of the retail...
Carrefour, NEPI Get EUR26M Loan From BRD To Develop Ploiesti Shopping City
Carrefour Property Romania and South-African real estate investment fund New Europe Property Investments (NEP.RO) obtained a EUR26 million loan from BRD-Groupe Societe Generale (BRD.RO) to j...
Modern Retailers’ Sales Per Store Down 30%
Modern retailers saw decline in sales per store last year, by over 30%, as consumer spending decline did not stop and they continued to open stores in an attempt to keep revenue at the same...
Kaufland Opens Hypermarket On Former Plastic Plant Munplast’s Site
Retailer Kaufland, which operates a 75 discount hypermarket network in Romania, has bought part of the land where the Munplast plastics plant used to be, said Maricel Diaconu, one of the ind...
Cora Hires 900 People, Opens Two New Hypermarkets This Fall
Cora, a retailer that owns eight hypermarkets on the local market, will hire 900 people for the new stores it plans to open in Bacau (eastern Romania) and Bucharest this year.
Former Louis Vuitton CEO: I Would Invest In Retail Because There Is Still Demand
Marcello Bottoli, former chief executive of fashion house Louis Vuitton and currently operating partner with investment fund Advent International, talks about Romania in words that could sti...
Lidl Close To EUR400m Revenue Mark In 2011 After 16% Growth
Discount chain Lidl, the latest to enter the market of modern retail in Romania in 2011, when it started one of the most aggressive expansion campaigns, ended last year with 1.68 billion lei...
UniCredit Tiriac Bank Appoints New Head Of Retail Division
Maurizio Volcich will take over as head of UniCredit Tiriac Bank's retail division, replacing Emanuele Butta, who has been appointed head of retail and executive vice-president of UniCredit...