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Retailers Open Stores Next To Each Other In Most Populated Areas To Eat Up The Competition
No fewer than four Mega Image stores are located along Bucharest's Stefan cel Mare boulevard. Not one store of competitors Profi or Carrefour is to be found on the same street or in the vici...
Fashion Retailers Press On With New Openings
Over 20 apparel stores have opened or have been announced in the past month, and fashion retailers insist things will not stop here, given the market’s potential to grow by EUR1 billion by 2...
Adjusted Retail Sales Inch Up 0.7% On Month In September
Romanian adjusted retail sales inched up 0.7% in September compared with a month earlier, on higher demand for food items, the statistics institute INS said Friday.
Altex Bets On Expansion
Altex, the largest electronics, home appliances and IT products retailer in Romania by sales, has opened eight stores this year and has three more planned by yearend. Total investments amoun...
Immofinanz Opens Maritimo Mall In Constanta This Friday
Austrian investment fund Immofinanz, the largest foreign investor on the Romanian real estate market, opens the Maritimo mall in Constanta on Friday in the wake of a EUR100 million investmen...
First Foreign Modern Retailer To Call It Quits: G’Market Closes Last Store
Retailer G’Market, owned by Turkey’s FIBA group, closed the store in the Hala Centrala shopping center in downtown Iasi (NE Romania) in mid-October. This was its last store on the market.
How Retail Changed Since Heyday: Products Were Selling Straight Off The Truck Back Then
Electronics, home appliances and IT products retailer Flanco expects EUR140 million sales next year, 27% higher than this year and almost double the figure of 2010.
Private Labels Might Reach 30% Of Market In Ten Years
Sales of private labels account for about 11% of the total volume of the retail market, but the percentage might double or even triple in ten years, considering Romania is among Europe’s lag...
Modern Retail Has Room For 400 More Stores, Four Counties Have Maximum Development Potential
Only four counties in Romania and Bucharest have maximum potential for expansion as far as food retailers are concerned, while 15 counties have low development potential.