The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Thursday, 24 January 2013

Retail in Romania - up-dates

  • After Bucharest, Mega Image expands Shop&Go network with 7 new stores in Brasov this April.  This is the second Romanian city, after Bucharest, where the retailer will develop the Shop&Go concept.  Mega Image currently runs over 200 stores in Romania.
  • Moldovan clothing retailer Aridon, which took over the Levi’s franchise for Romania, is continuing its program of expansion in Romania with a new Levi’s store in Bucharest’s AFI Cotroceni Palace shopping center. The store will be under the REVO-2 brand and will open during April.
  • Romanian IT&C retailer Flanco posted a turnover of EUR 137 million in 2012, up 25 percent compared to the previous year, mainly due to the investments made. Flanco’s investments in modernizing and expanding the existing stores, but also in opening new stores, amounted to over EUR 2.5 million last year. 
Swedish retailer Ikea negotiates with shopping center owner for new opening in Romania. Ikea might open a new store this year in Era Shopping Park located in Iasi, Romania. Ikea is currently in talks with the retail center’s owners, according to one of Era Shopping Park’s shareholder  the European Convergence Development Company (ECDC).
Swedish retailer Ikea had a turnover of some EUR 89 million in the financial year 2011 – 2012 in Romania, a growth of 10.8 percent on the previous period, the retailer announced. As well as over 3 million customers and 11 million products sold between September 2011 and August 2012, 4 million people in Romania also checked the Ikea website during the period.
  • Retailer Profi presently employs over 4,000 people but plans to go beyond 5,000 by the end of the year, according to the retailer’s general manager. The announcement comes after the company said it will invest some EUR 18 million to open 45 new stores in 2013 in addition to the 150 existing ones.
  • The Romanian subsidiary of clothing retailer Sprider Stores, which was taken over by Cyprus – based Naqua Investments last year, plans to become profitable in 2013, with a targeted profit of EUR 658,000. The retailer also announced its plans to stay in Romania, after its former mother company filed for insolvency and is currently restructuring.
  • SABMiller, which owns Romanian beer brands Ursus, Timisoreana and Ciucas, has announced a 23 percent increase in sales volumes in Romania during the last three months of 2012.
  • After it opened 8 new stores in Romania last year, Swedish fashion retailer H&M has reported sales worth approx. EUR 74 million for the 2012 fiscal year (December 1, 2011 – November 30, 2012). Expressed in lei, sales were up by 107 percent. At the end of the 2012 fiscal year there were 19 H&M stores in Romania.
  • [Romanian Business Insider, Business review, Nine o'Clock etc.]

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