Retail&Consumer
Belgium's Liebrecht &wood Starts Construction Of Its Second Fashion House Outlet Center In Romania
Belgium’s real estate developer Liebrecht & wooD, which owns the West Park Militari in Bucharest, continues its development plan for the second outlet center in Romania, in Cernica, in the v...
Electrolux Temporarily Halts Production in Satu Mare
Swedish home appliance manufacturing group Electrolux has temporarily shut down its cooking stove factory in Satu Mare, northern Romania, as the coronavirus crisis lowered demand.
H&M Unknowingly Prepared For Current Pandemic As It Is Set To Launch Online Stores For Five New Brands In Romania In 2020
Sweden’s fashion group H&M will launch online operations for five new brands in Romania in 2020 – COS, Monki, Weekday, & Other Stories and ARKET. They will be added to the online store of H&...
Purcari Lowers Management Salaries to Support Lower Income Employees
Winemaker Purcari (WINE.RO) said Tuesday it has contributed RON0.5 million towards a fund dedicated to combating COVID-19 in Moldova and Romania and its management team has accepted salary c...
Sphera Group Says Has Enough Liquidity to Recover after Crisis
Sphera Franchise Group’s consolidated restaurant sales have dropped by approximately 33% on year during the March 1-22 period and by approximately 75% on year during the March 16-22 period,...
All Malls In Romania Closed For First Time Ever
The major shopping centers closed on Monday, after the authorities issued a decree over the weekend requiring them to do so, in order to contain the spread of the coronavirus since they are...
JYSK Temporarily Closes Its Stores In Romania; Focuses On Online Sales
JYSK Romania, part of Scandinavian furniture and home décor retailer JYSK, has temporarily closed its 85 stores in Romania against the backdrop of measures aimed at limiting the spread of CO...
Decathlon Shuts Down Its Physical Stores In Romania Amid Coronavirus Crisis
French-held sporting goods retailer Decathlon said it is closing all physical stores in Romania, starting March 23, 2020, against the backdrop of measures aimed at limiting the spread of COV...
Metro Cash&Carry Says Sales Grew 30% During Coronavirus Pandemic
German retailer Metro Cash&Carry, with 30 stores in Romania, said its sales increased 30% during the coronavirus epidemic, boosted by deliveries.