Retail&Consumer
There’s Room For 10 Leroy Merlin Stores In Bucharest, CEO Says
French-held DIY retailer Leroy Merlin plans to grow to ten stores in Bucharest alone from the current three in the long run.
Ara Shoes To Shut Down Romanian Factory in Salaj in April
German footwear manufacturer Ara Shoes is set to close its Romanian factory in Salaj county, in April and lay off some of its employees in Bihor county, sources told Ziarul Financiar.
Mega Image Adds Oradea And Sibiu To 2020 Expansion List
Dutch-Belgian-held retailer Mega Image with more than 700 stores in Romania has budgeted 95 new stores for 2020, 46 of Mega Image supermarkets and 49 Shop&Go convenience stores. The expansio...
New Mall Needed In North Of Bucharest To Attract New Brands
Bucharest has the potential to keep attracting new brands in Romania but needs additional space to allow expansion, especially in high purchasing power areas.
Association: Romania E-Commerce Sector Tops EUR4.3B Threshold End-2019, Up 20% YoY
According to estimates by the Association of Romanian Online Stores (ARMO), the local e-commerce sector exceeded the EUR4.3 billion threshold at the end of 2019, higher by 20-22% than the es...
Penny Market Earmarks EUR90M For Investments In 2020
German-held discount retailer Penny Market will invest EUR90 million in network and logistics area expansion this year. The company will therefore continue development of its business in Rom...
Lotus Center Becomes Largest Shopping Center Owner In Oradea After Acquiring Oradea Plaza
Lotus Center, a company majority held by the Mudura Family, has recently acquired the Oradea Plaza compound included in the portfolio of real estate developer Portico Investments Romania, be...
Pozdarie, Hervis: 2019 Was Hervis Romania’s Best Ever, 2020 Will See Flat Or Lower Consumer Spending
Sporting goods retailer Hervis has 36 stores in Romania, six of which inaugurated in 2019 and plans to step up expansion to 10 stores in 2020.
Farmacia Tei Sales Up From RON31M To Almost RON600M In A Decade
Pharmaceutical retailer Farmacia Tei, which operates six pharmacies in all, ended 2019 with 598 million lei (EUR125 million) sales, an increase of 33% on the previous year, the company found...