Jumbo has put its logo on its first retail space in Romania, after renting the 13,000- square meter building in northern Timisoara that used to house a Real hypermarket until the end of 2011.
The store in Timisoara is closer to completion, though, so Jumbo published jobs ads to find 14 employees for the store near the city’s Traian Vuia Airport this week.
The store in Bucharest will operate in the same retail park as Metro, Real, OBI, Decathlon and Altex.
Jumbo has 63 stores in Greece, Bulgaria and Cyprus, which generate an average of EUR9 million sales each. If the average stays the same in Romania, then the company could grab about 10% of the local toys and video games market, which Euromonitor puts at about EUR170 million this year.
(English version by Loredana Fratila-Cristescu)