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Investment in New IKEA Store Takes Toll, Causes RON8M Loss in 2018
IKEA Romania, the local subsidiary of the Swedish furniture and home decor retailer by the same name, ended the 2018 with a net loss of 8 million lei (EUR1.7 million), compared with a net pr...
Small and Getting Smaller: Profi’s Floor Area Down to an Average of 315 Sqm/Store
Supermarket and convenience store chain Profi had 920 stores totaling 291,000 square meters in net area at the end of last year, which means 315 square meters per store.
Scandinavian Retailer Marc O’Polo Opens Its First Own Store In Romania
Scandinavian retailer Marc O’Polo, which operates in over 30 countries in Europe, will be opening the first own store under the Marc O’Polo brand in Bucuresti Mall-Vitan.
CCC Sees Potential for 100 Stores in Romania
Polish retailer CCC, the second most important actor on the local footwear market has 65 stores in Romania and sees potential for 100.
JYSK Opens Store In Zarnesti, Reaches 77 Units In Romania
Furniture and home accessories retailer JYSK will be opening a store in Zarnesti (Brasov County) on Thursday (August 29), reaching a 77-unit network in Romania.
Retailer Mega Image Steps Up Expansion
Supermarket and convenience store chain Mega Image has opened about 30 new stores out the planned 90 since the beginning of the year.
Profi Aims For 2,500 Stores in Romania By 2023
Retail chain Profi, held by buyout investor Mid Europa Partners, set out to grow to 2,500 stores by 2023, after having overshot the 1,000 store mark this May.
Lidl Opens 11 Stores in H1, Set to Continue Fast-Paced Expansion
German-held retailer Lidl opened 11 stores in Romania in the first half, after having opened another 20 in the entire 2018. It will continue expansion investment in the second half, as well.
Altex Plans to Open Eight Stores by 2020
Computer and electronics retailer Altex Romania plans to open eight more stores in the country by 2020.