09.04.2012

Romanian adjusted retail sales inched up 0.6% in July compared with a month earlier, largely fueled by growing demand for non-food items, the statistics institute INS said Tuesday. more

08.30.2012

Lidl and Penny Market, the only two companies left on the local discount retail market, will have over 300 stores by yearend, 45 more than at the beginning of 2012. The two networks, which operate more

08.28.2012

The ranking of the largest retail companies is dominated, as expected, by Carrefour, Real and Penny Market – foreign companies whose annual turnovers range between a little over EUR400 million and more

08.07.2012

UK’s state-run RBS is taking concrete steps towards putting into practice its strategy to withdraw from its Romanian retail business and focus on services for corporate clients: 350 employees more

08.06.2012

Some 330,000 square meters of new shopping center space are currently under construction in Romania, with delivery due in the second quarter of the year and in 2013, according to real estate more

08.03.2012

Romanian retail sales fell 1.1% in June from the previous month, the third largest decrease in the European Union, official data showed Friday. more

08.02.2012

Romanian adjusted retail sales rose 4.4% on the year in the first six months of 2012, on higher demand in all sectors, the statistics institute INS said Thursday. more

08.01.2012

Romania’s northeastern town of Suceava ranks first in a classification according to commercial real estate investment per 1,000 inhabitants, while 13 of the country’s county capitals have no such more

07.31.2012

The five largest foreign fashion retailers on the local market, which control 220 stores generating over EUR220 million in revenue, set out to open more than 20 new stores in the second half, most more

07.30.2012

South African multinational media group Naspers bought 70% in eMag, the largest online retailer in Romania, which registered about EUR150 million in sales last year. more

07.25.2012

Romanian retail market will be quiet until the end of summer as investors are reluctant mainly due to the exchange rate fluctuations amid political tensions, Luiza Moraru, head of the retail more

07.23.2012

Carrefour Property Romania and South-African real estate investment fund New Europe Property Investments (NEP.RO) obtained a EUR26 million loan from BRD-Groupe Societe Generale (BRD.RO) to jointly more

07.13.2012

Modern retailers saw decline in sales per store last year, by over 30%, as consumer spending decline did not stop and they continued to open stores in an attempt to keep revenue at the same level as more

07.12.2012

Retailer Kaufland, which operates a 75 discount hypermarket network in Romania, has bought part of the land where the Munplast plastics plant used to be, said Maricel Diaconu, one of the indirect more

07.11.2012

Cora, a retailer that owns eight hypermarkets on the local market, will hire 900 people for the new stores it plans to open in Bacau (eastern Romania) and Bucharest this year. more

07.11.2012

Marcello Bottoli, former chief executive of fashion house Louis Vuitton and currently operating partner with investment fund Advent International, talks about Romania in words that could stir the more

07.06.2012

Discount chain Lidl, the latest to enter the market of modern retail in Romania in 2011, when it started one of the most aggressive expansion campaigns, ended last year with 1.68 billion lei (EUR375 more

07.04.2012

Maurizio Volcich will take over as head of UniCredit Tiriac Bank's retail division, replacing Emanuele Butta, who has been appointed head of retail and executive vice-president of UniCredit Bank more

07.03.2012

Romanian adjusted retail sales rose 1.2% in May compared with a month earlier, on higher demand in all sectors, the statistics institute INS said Tuesday. more

06.29.2012

Modern retailers have invested about EUR100 million in the first six months of this year to open 88 new stores and one network closed up shop. more

06.28.2012

The retail market in the central Romanian city of Brasov could oversaturate in the next three years, as it could only absorb two more shopping centers considering the number of households and purchase more

06.21.2012

Procter&Gamble, the largest company on the local non-food consumer goods market, expects consumer spending to grow slightly but steadily in 2012 after three years of decline. more

06.20.2012

The Romanian retail market stagnated at about EUR16 billion last year, after two years of decline. This is the first positive signal coming from an industry that started declining in 2009, as the more

06.13.2012

Kaufland climbed to the top position among modern retailers in Romania in 2011, ending the year with EUR1.35 billion in sales. more

06.06.2012

Retail sales – one of the leading indicators of consumption – went up by 3.6% in the first four months compared with the year-earlier period, but they are yet to recoup losses in previous years. more