Romania: modern food retailers unveil plans for 600 new stores
Modern food retailers in Romania target some 600 new store openings and relocations in 2022, which means the universe of local hypermarkets, supermarkets, modern convenience stores, discount and cash & carry stores will be nearing 4,500 units, in line with calculations by Ziarul Financiar daily.
The ten modern retail chains announcing these plans will be investing almost EUR1 billion and the money will be used for expansion, logistics and the acquisition of new plots of land.
Food retail is one of the few economic sectors that continued to develop regardless of the economic context, with new stores being inaugurated during the 2009-2010 financial crisis, during times of economic growth and also during the covid-19 pandemic.
In 2020, the last year for which public data is available, the ten modern retailers reported a combined turnover of RON76.4 billion (EUR15 billion), 12% higher than in the pre-pandemic year 2019.
Source: www.zfenglish.com, 27.01.2022
