Planet Retail 9 Jul 2008
Speaking at a recent conference, the marketing manager of Carrefour Romania, Andreaa Mihai, has said that the share of modern retail in the overall Romanian retail sector is to rise to 50% in 2010 from 39% in 2007. In Bucharest, modern retail accounts for 70% of the retail market, added Mihai. "'In 2008, in Romania, a number of 74 hypermarkets are operational, together with 88 supermarkets, 152 discount stores and 40 cash & carries. The store chains will continue their expansion in 2008 to zones with a low buying power, leading to a reduction in turnover per square metre.