Retail&Consumer
Pernod Ricard Romania Expects Single-Digit Growth Next Year
Tudor Furir, the general manager of spirits importer Pernod Ricard Romania, the local branch of the French group by the same name, says the company’s budget for next year is built around a “...
Leroy Merlin Romania Boosts Share Capital By RON22.2M, To RON102.8M
Bucharest DIY store Leroy Merlin Bricolaj, owned by French group Adeo, has increased its share capital by 22.2 million lei (EUR5.15 million), to RON102.8 million, through cash contribution.
Immofinanz Opens Maritimo Mall In Constanta This Friday
Austrian investment fund Immofinanz, the largest foreign investor on the Romanian real estate market, opens the Maritimo mall in Constanta on Friday in the wake of a EUR100 million investmen...
First Foreign Modern Retailer To Call It Quits: G’Market Closes Last Store
Retailer G’Market, owned by Turkey’s FIBA group, closed the store in the Hala Centrala shopping center in downtown Iasi (NE Romania) in mid-October. This was its last store on the market.
How Retail Changed Since Heyday: Products Were Selling Straight Off The Truck Back Then
Electronics, home appliances and IT products retailer Flanco expects EUR140 million sales next year, 27% higher than this year and almost double the figure of 2010.
Flanco Expects Switch To EUR1m Net Profit By Yearend
Electronics retailer Flanco expects to conclude this year with sales of EUR110 million, up 38% on the year, and a net profit of EUR1 million, Wednesday said the company’s general manager, Ad...
Carrefour Romania Takes EUR30M Loan From Danish Peer For New Units
Carrefour Romania has borrowed EUR30 million from the Danish subsidiary of the French group, and it plans to launch to hypermarkets in Romania, according to an announcement published Wednesd...
German Praktiker 9-Month Sales In Romania Down 24% To EUR116M
German do-it-yourself retail chain Praktiker Wednesday said its sales in Romania dropped 24.4% on the year to EUR116.1 million in the first nine months, hurt by a difficult economic environm...
Private Labels Might Reach 30% Of Market In Ten Years
Sales of private labels account for about 11% of the total volume of the retail market, but the percentage might double or even triple in ten years, considering Romania is among Europe’s lag...