New arrivals on the market, aggressive strategies, new store concepts and acquisitions, these have been the main events that marked Romanian retail this year, a field MEMRB values at 20bn euros. While the consumption basket is 2bn euros poorer than last year, according to the above-quoted source, retailers have tried to strengthen their positions and gain market share, inclusively by acquiring rivals.
1.On the segment of modern retail, the number of stores rose in
2008-2010. Thus, for the first time the segment includes over 1,000
stores, from 731 in 2008.
2.The deal of the year in retail: Lidl takes over Plus
Romania.
3.Flanco and Leonardo, the only reorganisation processes approved
by lenders.
4.Discussions around Tesco arrival.
5.Store closures and sales. Almost 7,200 stores, pharmacies and
restaurants vanished from the map of retail in less than two years,
with this as one of the most visible financial crisis effects,
besides the falling consumption.
6.New concepts, smaller stores. Retailers prefer opening smaller
stores, so that a series of new store concepts have emerged on the
domestic market.
7.H&M announces its arrival and starts recruiting.
8. Romanians operating in the production field take on retail
9. Luxury market moves: Armani and Gucci in Bucharest
10. Promotional offers rule