Retail&Consumer
Altex Sales Grow Nearly 15% To Over RON4B, Net Profit Up 19% To RON75M YoY In 2019
Electronics retailer Altex on Friday said its sales grew nearly 15% on the year to over RON4 billion, and its net profit grew 19% on the year to RON75 million in 2019.
Sphera Group Posts RON9.5M Net Loss, 7.6% Lower Sales, Of RON198M, In 1Q/2020 Under COVID-19 Impact
Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, reported a net loss of RON9.5 million (excluding the impact of adopting the IFRS 16) in the fi...
Iulius Group: Sales of Stores in Malls Down to Half After Reopening, Rebound by End 2020
Iulius Group is the real estate developer that owns the Iulius malls in the country and Pallas in Iasi. There are more than 1,000 stores and restaurants in Iulius group malls which had to su...
Meli Melo Paris To Reopen Four Street-Level Stores On May 15, 2020
Jewelry and décor store chain Meli Melo Paris will be reopening four street-level stores on May 15, of which two in capital Bucharest, one in Timisoara and one in Pitesti, while complying wi...
Alpha Bank Replaces ATM Network With New Generation Of ATM Terminals To Enable Around The Clock Operations
Alpha Bank Romania has started a process of extending its self-service functions by replacing its automated teller machine (ATM) equipment with a new generation of ATM terminals enabling cus...
Veranda Mall Owner Says Estimated 50% Decline in Revenue in 2020 at Start of Crisis
The impact of mall closures more than six weeks ago will be felt in 2020 and 2021, considering no one knows for how long they will remain closed.
One United Properties Sells 80% Of Apartments Within One Floreasca City Project
The mixed-use project developed by One United Properties in Bucharest’s Floreasca district has a complete structure and 80% of its residential component has already been pre-contracted, acco...
Profi Leases Over 100,000 Sqm In Two Warehouses To Be Built By Belgium’s WDP In Timisoara, Craiova
Retailer Profi has leased over 100,000 square meters in two warehouses to be built by Belgian logistics and industrial space developer Warehouses De Pauw (WDP) in the cities of Timisoara and...
Altex Invests EUR25M In Expanding Its Network, Logistics Centers; Seeks To Open At Least 3 Stores By End-2020
Altex Romania, the main player on the Romanian electro-IT market, seeks to invest over EUR25 million in expanding its network and logistics centers and opening at least three new stores by t...