02.02.2012

Romanian adjusted retail sales fell 3.3% in 2011 compared with the previous year, on lower sales in most sectors, the statistics institute INS said Thursday. more

01.30.2012

The street protests of the past couple of weeks and the bad weather have been felt in companies’ accounts, but only for a few days, without significantly affecting full-month results. more

01.27.2012

French retailer Auchan will start the development on the Romanian market of shopping centers branded as Auchan City. The first of them will be built this year in the Giulesti district, in the more

01.26.2012

Bankruptcy has not affected many major businesses in the past three years, only around 20, shows a ZF review of the biggest bankruptcies in the past three years. more

01.26.2012

The electrical appliances market will reach EUR1.25 billion in 2012, up 12% to 15% on the year, and the upward trend will continue until 2014, when the market should reach EUR1.8 billion, says Adrian more

01.24.2012

Pawel Musial, chief executive of store network Profi held by private equity firm Enterprise Investors, says that private labels could come to account for 20% of the company’s sales by the end of more

01.20.2012

French retailer Carrefour, which operates both hypermarkets and supermarkets in Romania and is the third leading retailer after Metro and Kaufland, posted EUR1.184 billion in sales last year, up 5.4% more

01.19.2012

After having signed an agreement for a potential deal with eMag in 2008, investment fund Balkan Accession Fund (BAF) found out in April 2009 it had all been for nothing, as it the retailer had been more

01.18.2012

German retailer Lidl, the latest arrival in the Romanian retail sector, will appoint Maksymilian Braniecki as chief executive of the local store chain, market sources say. more

01.17.2012

Bogdan Vlad and Dan Teodosescu, two of the founders of eMag, the largest online retailer in Romania, sold all of their remaining shares, about 30%, to the majority shareholder, Asesoft Distribution, more

01.13.2012

The five retailers that operate on the Romanian hypermarket segment currently have 135 stores, which generate turnover of over EUR3.5 billion. more

01.12.2012

Despite the consumption slump, modern retailers continued expansion in Romania in 2011. more

01.11.2012

Profi supermarket chain maintains its expansion plans for 2012, despite posting weaker-than-expected sales last year. more

01.06.2012

Romanian adjusted retail sales fell 1% in November compared with a month earlier, on lower food product sales, the statistics institute INS said Friday. more

01.05.2012

Ovidiu Wencz, the manager who in December became chief executive of Dona pharmacy chain, says the main objectives of his three-year mandate are the development of the network to 300 units and a more

01.03.2012

The year 2012 will see investments of tens of millions of euros of foreign supermarket and apparel retail chains continue. It may also be the year when UK’s Tesco arrives, a scenario speculated on more

01.03.2012

Slovenian-held home appliances maker Gorenje, which has been operating in Romania for a decade now, posted about EUR12 million in net revenues in 2011 and expects 7% growth this year. more

12.29.2011

The mall market in Bucharest could resume strong growth next year when developers of six new projects with over 300,000 square meters of floor space plan to begin construction works. This would take more

12.29.2011

The bulk of the revenue of traditional retailers in Romania, almost 46%, comes from sales of cigarettes. Non-food consumer goods except cigarettes account for merely 7.6% in the sales, which is lower more

12.28.2011

Retailers, who waited the whole year for December to come, as it is considered the best month in terms of sales, say this December has been better than in 2010. more

12.27.2011

Like 2010, this year was the year of supermarkets, after discount chains became the most dynamic segment of modern retail in 2009. This year saw the opening of almost 80 supermarkets, with the most more

12.23.2011

Modern retailers continued to invest hundreds of millions of euros this year in the opening of 150 new stores, despite the 4.5% decline of consumer spending in the first ten months. more

12.20.2011

Philippe Lejeune, the executive who has been running the Cora business for over ten years, says consumption started to rise tentatively in October, by 1-2%, and that the rise will continue next year, more

12.16.2011

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, more

12.16.2011

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 3 chief more