Retailers redouble expansion efforts
In spite of the drop in consumption over the last three years, retailers have been active in the development process, buying new land and opening new retail schemes. The change came this year, when the National Statistics Institute announced a consumption increase of four per cent in the first six months of 2012, after three years of decreases. The Diplomat - Bucharest takes a look at what is happening on the market, who are the October 2012 - From the Print Edition
While the first half of the year was more productive for the openings of small formats, ten new hypermarkets and one mall are expected to be launched in H2.
All players intend to increase their networks by the winter holidays, when sales traditionally boom.
Back in 2001, when modern retail was just beginning to develop in Romania and Carrefour had opened its first hypermarket on the local market, annual sales of such a format reached at around EUR 45 million.
During the boom ye... To continue reading this article you have to be registered
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