Dan Ostahie, chairman of the Altex group, the largest electronics and home appliances retailer in Romania, announced it would close one of the two shops owned by the network in Unirea Shopping Center in Bucharest. “We don’t know yet whether we will close Media Galaxy or Altex, the important thing is that one of them will remain and we have to make a decision together with Unirea’s management. We have agreed to give up one of the two stores, and we have to decide which one it will be,” Dan Ostahie said. Altex’s move comes about two months after Flamingo retailer closed its store in Unirea Shopping Center. The main reasons behind the decision to shut down one of the two stores are the major drop recorded by home appliances sales over the last period and the decline expected on this market in the coming months.
 

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