Retail&Consumer
Fashion Retail Heavyweights Opened Almost 50 Stores And Hired Over 1,000 People In 2011
2011 was the year of the “big four” clothing retailers operating on the local market, Inditex, H&M, New Yorker and C&A. Although consumer spending continued to decline by over 5% this year,...
Bucharest’s Theodor Pallady Blvd. Targeted By Investments Worth EUR500M
Bucharest’s Theodor Pallady boulevard will draw investment of more than EUR500 million over the next two years, especially in retail and on the auto segment, according to Bucharest District...
Fornetti Story: From EUR40 Million Sales To Insolvency
About a decade ago, pastry shop chain Fornetti, the largest network of pastry kiosks in Romania (1,100) entered the local market. A week ago, the chain filed for insolvency under the pressur...
Small Delicacy Stores, Or How To Draw Customers Away From Supermarkets
The niche of delicacy stores is starting to take shape on the Bucharest market, as small businesses seek to persuade consumers that they offer a viable alternative to the mass products found...
Competition Authorities OK Flanco Takeover By Asesoft
Romanian Competition Council on Thursday announced it has approved the takeover of electronics retailer Flanco Retail by Asesoft Web, part of the Asesoft group.
Romanian-Serbian Cross-Border Cooperation Program Allotted EUR20.1M For 2012-2013
The Romanian-Serbian cross-border cooperation program will have a budget of EUR20.1 million between 2012 and 2013, of which EUR17.1 million represents EU financing and the remainder is natio...
Romanian Retailer Opens Former PIC Store Under Succes Brand
The PIC hypermarket in southern Romanian city Craiova was relaunched Thursday under the Succes brand, after Succes Nic rented two stores from bankrupt PIC, PIC's court-appointed administrato...
Romania’s Entire Skiing Area Is The Size Of That In An Austrian Resort
Romania has a skiing area of 116 kilometers of slopes, the size of the skiing area in an Austrian or a French resort. However, it does not boast the same ski facilities. Romania currently ha...
Top 10 Events That Marked Food Retail In 2011
Although the crisis has lingered on and consumption continued to decline, 2011 has been a good overall year in the retail sector, estimated at EUR16 billion. The new market entries, the laun...