Retail&Consumer
Online Fashion Retailer Answear Sales Up 35% in H1
Answear Romania, the local subsidiary of the Polish online fashion retailer Answear, posted growth of 35% in sales in the first half compared with the year-ago period to more than EUR10 mill...
Immofinanz Vivo! Malls Rental Income Reaches RON180M in 2019
The four Vivo! malls of Austria’s Immofinanz made 180 million lei in rental income last year, the same as in 2018, but the profit was six times higher, RON16 million, ZF has found from Finan...
FF Group Loses Nike Distribution in Romania to Serbia’s Sport Time Balkans
Serbia-based Sport Time Balkans, a long-standing partner of Nike in the Balkan region will handle wholesale distribution of the brand in Romania and Bulgaria. The deal with Greece-based FF G...
Discount Retailer Lidl Expects to Take Top Spot in 2020
German-held discount retailer Lidl could become market leader in Romania in 2020 if the growth pace of the first few months continues, says Frank Wagner, the executive who runs the local ope...
Romanians Spent 70% Less on Vacations Abroad in 2Q/2020
Romanians spent just EUR328 million on vacations abroad in April-June this year, 70% less compared with EUR1.2 billion, under the impact of the coronavirus pandemic on the travel industry.
Agroland Opens EUR150,000 Store in Timisoara
Agroland Business System, a company developed by entrepreneur Horia Cardos, which owns a chain of supermarkets catering to farmers, has opened a supermarket in Timisoara following an investm...
eMAG Invests EUR90M in New Logistics Center on A1 Highway
eMAG, the leading online retailer in Romania, said Thursday it will invest EUR90 million in a new logistics center at km 19 of the A1 highway that will stretch onto 130,000 square meters and...
Inditex Sales Up 7% to RON1.8B in Romania in 2019
Spanish-held group Inditex posed almost 250 million lei net profit in Romania last year, which means its net margin was 13%, one of the highest in the retail sector.
Animax Pet Shop Chain Turnover Grows 20% in 2019, to RON175M
Pet shop chain Animax posted a turnover of RO175 million in 2019, up 20% on the year. 2019 was the first year under full ownership of private equity firm Rohatyn, which bought the chain in m...