Retail Networks Push For Expansion After Combined Profit Doubled Last Year

10.12.2011 By Ioana Mihai-Andrei

The consumers' lower disposable income, the sales tax increase and the economic crisis are not reflected in the balance sheets of the major retailers operating in Romania. The combined profits of the 15 largest networks were close to half a billion lei (some EUR115 million) last year, more than twice the result of 2009, according to BUSINESS Magazin's calculations. Their sales rose (only) four percent.

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Keywords:: RETAIL; , EXPANSION; , CORA; , LIDL; , KAUFLAND; , CARREFOUR; , DISCOUNT

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