Retail&Consumer
Penny Market Sales In Romania Up 13.8% In 2013, To Over EUR500M
Discount store chain Penny Market and XXL Mega Discount in Romania registered 13.8% higher sales to over EUR500 million in 2013, from around RON2 billion (EUR448 million) in 2012, said Germa...
Profi Opens Two New Stores, Reaches 214-Unit Network In Romania
Discount retailer Profi Friday said it reached a 214-unit network in Romania after opening two more supermarkets in Oradea (northwestern Romania) and Zarnesti (central county of Brasov), res...
Who Still Has Money For Offices And Shopping Malls?
The number of investors operating on the real estate market of offices, shopping malls, logistics and retail spaces is falling as a series of new projects are being delivered and the arrival...
Kingfisher Injects A Further EUR21.5M Into Bricostore Network
UK group Kingfisher, which in 2013 took over the Romanian DIY network of Bricostore, in February operated several capital raise operations in the wake of which it injected around EUR21.5 mil...
Last Geox Mono-Brand Stores To Be Replaced By New Brand
The majority stakeholder in Otter footwear group, Filip Schwartz, who owns over 50 stores, brought a new brand on the market, Call it Spring, selling shoes, bags and accessories to medium-in...
New Owner Says Praktiker Was Poorly Managed, Brand To Be Relaunched In September
Turkish businessman Omer Susli, the new owner of do-it-yourself retail chain Praktiker Romania, said the business was badly managed by its former owners and the Praktiker brand will be relau...
H&M Sales In Romania Up One Third In First Fiscal Quarter
Sales of Swedish clothing retailer Hennes & Mauritz (H&M) in Romania increased 32% in the first fiscal quarter of 2014 (December 2013 - February 2014) to SEK248 million (EUR27.84 million).
Only Six Of Europe’s 20 Largest Retailers Are Present In Romania
Nine international groups, holding 12 modern retail networks overall, are still present on the Romanian market, after the departure, in recent years, of Turkey’s FIBA (with G’market stores),...
AFI Palace Cotroceni Gets EUR220M Refinancing From Erste, Raiffeisen, Deutsche Pfandriefbank
Deutsche Pfandriefbank, Raiffeisen Bank International, Raiffeisen Bank Romania and Erste Group Bank AG will lend EUR220 million to help refinance debt obligations of AFI Europe’s shopping ma...