Retail&Consumer
Austrian Furniture Retailer XXXLutz Enters Romanian Market, Opens Store in Timisoara
Austrian furniture and home decor retailer XXXLutz, with global sales of EUR4.2 billion, will open a 4,200 sqm mömax store in Timisoara in March after a EUR4 million investment.
NEPI Rockcastle Buys Shopping Center in Sibiu for EUR21M
NEPI Rockcastle, leader on the retail real estate market in Central and Eastern Europe, has acquired the project for a shopping center to be built in Sibiu from Primavera Development Group f...
Praktiker To Close Three Stores, Expects Growth Of DIY Market
UK’s Kingfisher will keep 23 Praktiker stores in Romania and does not plan to close any more, after having recently announced it would close three, in Focsani, Bacau and Ploiesti, due to cea...
Meat Processors Remain Optimistic, Target At Least 7% Growth
Major poultry and pork processors are expecting higher revenue in 2018, after having seen their revenue go up in the wake of the 11% rise in consumer spending last year.
Fornetti To Expand To 800 Pastry Shops
Fornetti Romania, the company that has the biggest pastry shop chain in Romania, has 702 franchised stores at the moment and wants to open 80 more by yearend.
Chain Store Private Labels Account for 14% of FMCG Market
Private lable products of large supermarket and hypermarket chains accounted for 14% of the fast moving consumer goods market in 2017, or EUR2.6-2.8 billion, according to Gfk data.
OPTIblu Store Owner Budgets 27% Growth In Revenue To RON70M In 2018
Optical Network, the owner of the eyewear store chains OPTIblu and Klarmann, opened seven new stores last year for a total of 46 in the big cities across the country. It also remodeled some,...
GfK: Romanians’ Confidence In Economy Falls To Five-Year Low, Opposite To Optimism In Europe
Confidence in economy and income expectations saw a steep decline in Romania in the last quarter of 2017, to the lowest level since, the opposite to the European trend, with the government c...
Lidl Throws Down Salary Gauntlet
German-held discount store chain Lidl, which conquered local grocery retail in six years, will be raising the salaries of its more than 5,500 employees as of March 1.