Kaufland remained the leader of the local retail for the sixth year in a row after its sales rose 8% to 10.8 billion lei (EUR2.27 billion). The net profit went up, too, even at a faster rate than the sales, by more than 17%, according to ZF’s calculations, to almost RON800 million.
The low-price hypermarket chain Kaufland saw its sales up nearly 8% in 2018, a year when consumer spending rose by 5% and the retailer inaugurated four new stores, the slowest expansion pace so far. Kaufland arrived in Romania in 2005 and has since expanded every year at a rate of 4 to 13 stores a year, which kept the sales growing even when consumer spending was losing steam.(EUR1=RON4.7450)
(English version by Loredana Fratila-Cristescu)