Retail&Consumer
Romania Furniture Exports Up 17% in 2022
Romania in 2022 exported EUR2.6 billion worth of furniture, up 17% from the previous year, reveal data provided by the association of furniture manufacturers (APMR).
H&M Sales Close To RON1B In 2022
Fashion retailer H&M posted almost RON977 million sales in Romania in 2022, 15% higher than in 2021, the second year of the pandemic when there were still restrictions in force. Retail opera...
EY: Consumers Globally Keep Tight Grip On Their Spending Amid Rising Living Costs
Consumers globally continue to reign in their spending amidst a challenging cost-of-living environment, with 94% of consumers now worried about the rise of living costs as they continue to n...
evoMAG’s CEO Mihai Patrascu Buys Into Elefant
Elefant Online, one of the largest online retailers in Romania and owner of elefant.ro, on Thursday evening announced on the Bucharest Stock Exchange, where it has a bond issue listed, that...
IKEA To Open Its Third Store In Romania, In Western City Of Timisoara, On June 8, 2023
Swedish furniture and home décor retailer IKEA will be opening its third store in Romania, in western city of Timisoara, on June 8, 2023.
Primark To Open Its Second Store In Romania, In Bucharest’s AFI Cotroceni Shopping Center, On June 20, 2023
Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, has announced on May 11, 2023 that it will open its second store in Romania, in Bucharest-based A...
Penny Sees Sales Up 33% To RON7.2B In 2022
Discount retailer Penny Romania, held by Germany’s Rewe Group, ended last year with RON7.2 billion sales, an increase of 33% on 2021. The growth is because of the expansion of the store chai...
Analysis: 75% Of Online Retailers Seek To Expand Product Range Amid Rampant Inflation To Meet Consumer Needs
Against the backdrop of high inflation, the main business objective of 75% of online retailers in Romania is to expand their product range in order to meet and satisfy consumer needs for div...
Luxury Watch Retailer EraVault Opens First Store In Bucharest
Luxury watch retailer EraVault has opened its first store in Bucharest, in a EUR250,000 investment.