Retail&Consumer
2017, Louis Vuitton Best Year In Romania Ever
The Louis Vuitton single brand store that opened in the shopping gallery The Grand of the JW Marriott Hotel a decade ago posted growth of 13% sales to 31.7 million lei (EUR7 million) in 2017...
Hard Rock Café Revenue Up To EUR4M In 2017
Hard Rock Café in Herastrau Park in Bucharest posted almost 12% increase in revenue to 18.2 million lei (EUR4 million) last year. The business has been on the rise since the company’s entry...
AFI Buys 4 Ha of Land In Bucharest for Expansion
Israeli-owned real estate developer AFI Europe has acquired a plot of land of 43,000 square meters in the vicinity of its shopping mall and office development in Bucharest for EUR23 million.
Local Retailer Paco Opens Store In Former Profi Location In Focsani
Retailer Paco Supermarket, held by entrepreneur Feliciu Paraschiv, has opened, in Focsani, Vrancea County, the 11th store of its network, replacing a Profi supermarket.
Gefco Romania To Relocate to Campus 6 Office Development in Western Bucharest
Gefco Romania, the local division of Gefco Group, a global player in industrial logistics and European leader in vehicle logistics, will relocate its headquarters this fall in the Campus 6 o...
Carrefour And Auchan Anchor Most Malls In Romania
Five of the ten modern retailers – Carrefour with two store formats, Auchan, Cora, Mega Image and Penny Market, anchor local malls and Kaufland, leader of the local retail is getting ready t...
Romanian Cigarette Black Market Declines to 16% in May
The cigarette black market in Romania decreased to 16.1% in May, one percentage point lower than in March, a survey by Novel Research showed Monday.
Ecco Shoes Boss Suggest Closing Stores On Sunday To Address Labor Shortage
Footwear retailer Ecco Shoes, which has been operating in Romania for nearly 15 years currently has 22 brick and mortar stores and an online store in the country. All but two (Sibiu and Bras...
Mega Image Expands to Western Romania With First Store in Timisoara
Dutch-Belgian retailer Mega Image has opened its first store in Timisoara, western Romania, reaching a total of 620 stores, which makes it the second-largest supermarket chain in the country...