Retail&Consumer
Mega Image Plans 150 New Stores By End Of 2013
Belgian-held retailer Mega Image is still betting on expansion, the business model implemented since it first arrived on the market. It set out to open 150 stores in 2012 and 2013 (80 and 70...
Crowne Plaza Bucharest Hotel Trades One Star For Medical Conventions
The five-star Crowne Plaza Hotel in Bucharest, owned by businessman George Copos, applied for a downgrade to four stars, which will allow it to host events organized by pharmaceutical compan...
Hard Winter For Brewers As Sales Fell Almost 11% In First Two Months
The harsh winter made quite an impact on the brewers’ accounts after sales went down by nearly 11% in the first two months of the year, according to ZF calculations based on the data from th...
Retailers Rejoice As Romanians Spend EUR800M For Easter
Romanians are set to spend around EUR800 million in modern retail - hypermarkets, supermarkets and discount stores in April, 25% more than in a regular month, according to ZF calculations ba...
DIY Chain Dedeman Plans Expansion Abroad
The Paval brothers, two businessmen from Bacau (eastern Romania) who own the do-it-yourself retail chain Dedeman, the leader of the local market, want to try their luck on other markets in t...
Romanian Fashion Brand Nissa Competes With H&M, Zara, Could Go To Galleries Lafayette In Paris
Nissa stores, a Romanian family business that emerged about seven years ago, when international brands such as H&M and Zara were either not considering the Romanian market yet or testing the...
Cigarette Contraband In Romania Stayed Constant In March, At 13.4% Of Market – Study
Cigarette contraband remained constant in the first quarter of the year, accounting for 13% of the market in March, but dropped 1.4 percentage points compared to March 2010, according to a r...
Profi Starts Filling The Void Left By MiniMax Stores
The Profi retail chain, held by investment fund Enterprise Investors, will open stores in three of the spaces previously occupied by now insolvent MiniMax Discount, the first retail bet of b...
Carrefour Romania Posts 3.6% Rise In First Quarter Sales, To EUR277M
French group Carrefour Thursday reported sales of EUR277 million in the first quarter in Romania, up 3.6% from EUR267 million in the same interval of the previous year.