Retail&Consumer
Romanian Footwear Manufacturer Clujana Goes Insolvent
Romanian footwear manufacturer Clujana entered insolvency after amassing debt of over RON13 million in back taxes in 2013 and 2014.
Mega Image Has 430 Stores In Bucharest
Belgian-held retailer Mega Image accounts for 5% of the stores in Bucharest and for 20% of the money consumers spend on groceries and fast-moving consumer goods, ZF has calculated from avail...
Penny Market Budgets 20-25 New Stores In 2018
German-held discount store chain Penny Market, which has more than 220 stores in Romania, has budgeted 20 to 25 new stores for 2018, the same expansion rate as in 2017, the company said.
Kaufland Steps Up Expansion In 2018
German-held Kaufland, the leader of the local retail market, steps up expansion after three years of slowing down to four or five new stores a year. The company has now budgeted ten new stor...
Modern Retailers To Spend EUR400M On New Stores This Year
Modern retailers will continue expansion in 2018 at the same pace as in 2017, when they opened more than 300 new stores. As retailers have announced and ZF has estimated, modern retail will...
Albert Smart Eggs Producer Posts 15% Growth in Turnover in 2017, to EUR2M
The producer of Albert Smart Eggs posted a 15% growth in consolidated turnover in 2017, to EUR2 million, driven by higher egg prices in November and December and increased number of customer...
Profi Overtakes Mega Image As Largest Retailer In Romania
Profi has become the largest retailer in Romania by number of stores this year, after having opened 195 for a total of almost 700, beating rival Mega Image, the previous leader in this depar...
Catinvest Readies Orhideea Shopping Center For New Customers From Office Buildings In The Area
French-held Catinvest is working on a plan to expand the Orhideea shopping center located at the heart of the hottest office space area in Bucharest. The intention is to remodel it to meet t...
C&W Echinox: Large Retailers In Romania Opened 18% Fewer Stores In 2017
The number of new stores opened by large retailers on the Romanian market fell by 18% versus the previous year, impacting the turnover growth rate, according to a Retailers’ METRICS survey c...