Retail&Consumer
Retailer Flanco Expects RON45M Black Friday Sales
Romanian electronics retailer Flanco estimates sales of 45 million lei (EUR9.9 million) during its Black Friday sales campaign between November 23 and 25.
Lidl To Open Two New Stores In Romania Thursday
German retailer Lidl will open two new stores Thursday in Galati and Cluj-Napoca, expanding its Romanian network to 154 units.
BCR Fails To Auction Off Shopping Center Cocor
Romanian lender Banca Comerciala Romana (BCR) has recently failed to sell Bucharest shopping center Cocor, as no bidder was present at the auction.
Heidi Chocolate Only Takes Nuts And Sugar From Romania
Only nuts and sugar used in manufacturing Heidi chocolate come from Romanian producers, representing only 13% of the ingredients, while the rest of the raw materials are imported in large qu...
Romanians Spend EUR3.5 Each On Cosmetic Products Per Month, Three Times Lower Than Polish
Romania’s cosmetics market is seen up 2.2% this year compared to 2011 when it reached 3.5 billion lei (EUR823 million), according to data from market research company PMR.
GfK: Romanians Bought More Smartphones, Fewer Home Appliances In Third Quarter
Sales of durable consumer goods in Romania fell 1.3% to EUR337 million in the third quarter of 2012, while sales of mobile phones and smartphones rose 12.3% in the mentioned period, accordin...
KFC Opens Drive-Thru Close To McDonald’s Best Restaurant
Fast-food restaurant chain KFC has opened seven restaurants this year, three of which drive-thrus, for a total of 46. The company stepped up expansion in 2012, while rival McDonald’s preferr...
eMag Head: We Can Afford The Luxury To Think Long-Term
Romania’s largest online retailer eMag can afford the “luxury” of thinking long-term and preparing its moves more carefully, after the deal closed this summer, chief executive Iulian Stanciu...
Titan Swings Into Loss After Sales Drop
Romanian milling and bakery company Titan (MPN.RO) Thursday reported a loss of 4.8 million lei (EUR1.1 million) for the first nine months, from a net profit of RON8.2 million in the same per...