Retail&Consumer
GfK: Romania Electro-IT Market Up 2.2% To EUR1.43B In 1H/2019
Romania’s electro-IT market grew 2.2% in January-June 2019, to EUR1.43 billion, compared with the same period a year ago, due to 6% higher sales in the second quarter of the year, of EUR737...
Sphera Franchise Group 1H Sales Grow 27%, to RON446M
Sphera Franchise Group, which manages over 100 restaurants under the KFC, Pizza Hut and Taco Bell brands, said Tuesday its consolidated sales grew 27% in the first six months, to RON446 mill...
Otter Distribution Group Opens First Tezyo Store In Buzau; Reaches 37 Units In Romania
Otter Distribution Group, a business founded by Filip Schwartz, has opened the first store in Buzau, under the Tezyo brand, reaching a 37-unit chain across Romania.
Topshop Opens Second Romanian Store in October
British fashion retailer Topshop will open its second store in Romania in October, in Baneasa Shopping City in Bucharest.
Ikea Set to Buy 8-Ha Land in Timisoara for New Store
Swedish furniture and home deco retailer Ikea is close to signing a deal to acquire a plot of land stretching onto 8 hectares in Timisoara, western Romania, for a future store.
Mega Image Inaugurates #MegaStreetFood in Bucharest Concept Store
Belgian retailer Mega Image has inaugurated #MegaStreetFood, a food court within its concept store on Barbu Vacarescu street in Bucharest, serving dishes from four local restaurants.
Private Label Products Account for 10% of Auchan Sales
French retailer Auchan's private label products account for 10% of its sales, or RON540 million, and the retailer seeks to raise this share to 17%-20% over the next five years.
Lidl Opens 31st Store in Bucharest
German discount retailer Lidl will open its 31st store in Bucharest Thursday, reaching a national network of 250 units, of which 12% are in the capital city.
Swine Fever Outbreaks Eat Away at Smithfield's Profit in Romania
The Romanian division of Chinese-held Smithfield, the largest pork producer in Romania and globally, had a net profit of RON28 million in 2018, six times lower than in 2017, finance ministry...