Retail&Consumer
Burger King Romania’s Turnover More Than Doubles YoY To RON54M In 2021
US Burger King group, one of the most famous fast-food chains in the world, reported a turnover of RON54 million in 2021 in Romania, more than double the level reported in 2020.
Raffaello Shoes Factory Sees Net Profit Growing Tenfold In 2021 To Over RON7M
Raffaello Shoes Factory, the largest footwear manufacturer in Romania, held by Italy’s Grisport, reported for 2021 a net profit of nearly RON7.3 million (EUR1.5 million), tenfold higher than...
Accor To Open New Mercure Hotel In Romania In 3Q/2023
Accor, world-leading hospitality group, on Wednesday announced the signing of a new franchise agreement for the opening of a Mercure hotel on the Iron Gates (Portile de Fier) Riviera, by the...
Startup The Outfit Raises EUR1M In New Seed Funding Round
Romanian startup The Outfit, an online personal styling service, has raised EUR766,000 in a new seed funding round. Including this latest round, the start-up has raised a total of EUR1 milli...
Retailer Smyk Romania Sees Sales up 70% in 2021
Polish-held retailer of products for children Smyk All for Kids Romania posted RON90.5 million sales in 2021, 70% higher than in 2020 and expects the trend to continue in 2022, says general...
Survey: 46% Of Romanians Say Their Purchasing Power Decreased In Past 12 Months
The 2022 edition of a pan-European survey shows 46% of Romanians and Hungarians believe their purchasing power has decreased over the last 12 months.
PwC: Consumers Expect To Spend More On Groceries In Next Six Months
Consumers around the world are facing rising prices and 47% of respondents expect to spend more on groceries over the next six months, in line with PwC’s Global Consumer Insights Pulse Surve...
Mega Image Set to Open 75 New Units, Retrofit Another 57 In 2022
Dutch-Belgian retailer Mega Image, which owns over 920 supermarkets and proximity stores in Romania, will expand further domestically, adding 75 new stores, with another 57 units set to be r...
VTEX Survey: Almost 60% Of Retailers In Romania Saw Sales Growth During Coronavirus Pandemic
Most retailers in Romania (almost 60%) reported rising sales since the onset of the COVID-19 pandemic until March 2022, with the online segment surging by 57%, as per a survey by VTEX, an e-...