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InteRo Property Development Signs Agreement To Sell Plot Part Of Skylight Residence To Retailer For New Store
InteRo Property Development on November 7 signed the sale of a 10,418 square meter plot to an international retailer, which will build its biggest store in Romania on it. The store, which will have an about 3,265 square meter surface area, will be located in S...
Netherland’s Discount Retailer Action Getting Ready To Enter Romania
Dutch discount non-food retailer Action is getting ready to enter Romania, ZF sources say. The group has already begun recruiting for management positions to build a core team first.
Simtel Team Signs Photovoltaic Plant Contract with Food Retailer
Romanian-held engineering and technology company Simtel (SMTL.RO) notified the Bucharest Stock Exchange of the conclusion of a framework agreement with a food retail company for the developm...
H&M Sees 19% Higher Sales in Romania in H1
Swedish-held fashion retailer H&M posted SEK 1.046 billion (EUR102 million) sales in Romania in the first half (December 1 – May 31) of this year, an increase of 19% on the year-ago period.
Going Green: Modern Retailers Invest in PV Panels for Stores and Warehouses
Half of modern retail actors are betting several million euros on green energy, equipping their stores with photovoltaic panels and spending on biogas power stations.
Penny CEO Daniel Gross Expects 2021 to Be More Difficult Than 2020
This year will be more difficult than the first year of the pandemic, whose impact will be stronger in 2021, believes Daniel Gross, the chief executive officer of German-held discount store...
Foreign Retail Chains Bet EUR700M to EUR800M on Romanian Consumers Appetite for Spending in 2021
Modern retail chains in Romania are preparing to open 400 new stores in 2021 and spend EUR700 million to EUR800 million on expansion, on upgrades and logistics, ZF has found from the data th...
Foreign Grocery Retail Chains Invest EUR900M in Romania in 2020
Seven of the modern grocery retail chains in Romania have opened new stores in 2020, despite the COVID-19 pandemic. In all, 421 new hypermarkets, supermarkets, modern convenience and discoun...
Toy Retailer Jumbo Sees First Half Sales Growth Only in Romania
Greek-held Jumbo, the largest toy retailer in Romania, posted EUR53.7 million sales in the first half, an increase of 3% on the year-ago period, ZF has calculated from the company’s financia...