“The sales in the first half went up by about 8%. As was the case with the previous years, consumer spending was the driver of the economy as a whole and of the retail market in particular,” Selgros Cash & Carry officials say.
If the growth rate in the first half continues, the sales should come close to 4 billion lei (almost EUR850 million) in 2019, according to ZF’s calculations.
Consumer spending started to rise fast three years ago, at a double-digit rate in 2016 and 2017.
The upward trend of consumer spending continues and Selgros is happy to have the highest growth rate in Romania of all the group. Romanian consumers’ love for shopping is very optimistic indicator for the retail market and for the second half of the year, Selgros officials added.
There are only two cash & carry chains in Romania – Metro, which arrived in 1996 and Selgros, which arrived in 2001.
(English version by Loredana Fratila-Cristescu)