Retail&Consumer
Retailer Profi Sales Rise 23% to Over RON7B in 2019
Grocery retailer Profi, which has more than 1,200 small format stores, posted growth of 23% in sales to RON7.2 billion last year, as a result of both expansion and a like-for-like increase,...
Toy Retailer Jumbo Sales Up 27% to RON721M in 2019
Greek-held toy retailer Jumbo, which arrived in Romania in 2013, posted RON721 million sales in the country in 2019, an increase of 27% on the previous year, ZF has calculated from Finance M...
Kaufland Opens Its Fifth Store In 2020, In Bucharest; Reaches 132 Units In Romania
German-held retailer Kaufland, the leader of the local grocery retail by sales, continues investments is expanding its Romanian store chain and announcing the opening of its 15th hypermarket...
Carmistin Invests EUR8M to Revamp Dilapidated Poultry Farms
Carmistin group, specialized in the production, processing and sale of meat, will invest EUR8 million in the reconstruction of dilapidated farms in Olt county, creating 250 jobs.
Online Payment Processor Stripe Launches in Romania and Four Other European Countries
Stripe, a global technology company that builds economic infrastructure for the internet, on Wednesday announced its official launch in the Czech Republic, Romania, Bulgaria, Cyprus, and Mal...
GfK: FMCG Spending Grows 14%, Quantities Bought Grow 11% in 1Q
Romanians spent 14% more in the fits quarter of the year on fast moving consumer goods compared with the same period last year and acquired quantities grew 11% as people tended to stock up d...
Online Stores’ Transactions Via 2Performant Platform Up Nearly 80% To EUR10.5M During State Of Emergency Period
The value of transactions carried out by online stores via affiliate marketing platform 2Performant soared 78% to nearly EUR10.5 million, VAT included, during the period of the state of emer...
Kearney: M&A Market Offers Opportunities In Post-Pandemic Period; To Be Active In 2020
Seven in ten executives on the international retail and fast-moving consumer goods (FMCG) market believe the present moment is good for mergers and acquisitions (M&A) in this field, consider...
Nine Shopping Center Owners Push for Reopening
Nine owners of shopping centers in Bucharest and 24 regional cities, with 52 malls and over 4,600 tenants, have called on the government to allow the reopening of large shopping centers, rea...