Retail&Consumer
Polish Retailer ANSWEAR: Online Fashion Market Up Some 50% In Romania In 2019
Online sales of apparel, footwear and fashion accessories in Romania went up 50% last year, according to the estimates of ANSWEAR.ro, the local subsidiary of the Polish group by the same nam...
Kaufland Raises Net Minimum Wage to RON2,100/Month
German-held retailer Kaufland will raise the minimum wage to 3,650 lei (EUR764) in gross amount per month (RON2,135 in net amount) as of March 1, 2020, making it 60% higher than the minimum...
Pawel Musial Returns To Run Profi After Current CEO Temporarily Steps Down
Polish executive Pawel Musial returns to the helm of supermarket chain Profi for a limited term after five years, as Daniel Cirstea, the current CEO, will temporarily step down as of Februar...
Dm Drogerie Markt Has RON30M Budget For 2020, Plans To Open 12 Stores
Retailer dm drogerie markt, which operates on the drugstore segment, posted more than 20% growth in sales last year, as a result of expansion and rise in the sales of existing stores, driven...
Horizon Capital Buys 6.8% of Purcari Wineries for $7M
Horizon Capital, a leading private equity firm in the region, announced today that its $200 million Emerging Europe Growth Fund III (EEGF III) has invested $7 million for a 6.8% stake in Pur...
How Things Changed at the Top of Modern Grocery Retail in a Decade
The ranking of the largest players in the grocery retail in Romania has radically changed in the past decade, with three new names climbing among the top five. The three are Profi and Mega I...
Fashion Days 2019 Turnover Up 30% YoY To Over RON325M
Online fashion retailer Fashion Days ended 2019 with a turnover of over RON325 million, up 30% on the year, and switched to profit, for the first time, in the last six months of 2019.
Lidl Sees Four Times Faster Growth than Rest of Market in 2019
Discount retail chain Lidl, which has more than 260 stores in Romania, saw its sales increase four times faster than the overall market’s in 2019, as a result of fast-paced expansion, adjust...
Auchan Romania Sees Sales Up to Almost RON6B in 2019
French-held Auchan group, which has been operating in Romania for almost 15 years, posted single-digit growth in this country last year, which means the sales stood at almost RON6 billion, a...