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Michele Famis, French Ambassador to Romania
Romanian authorities have declared their intention to improve the absorption of EU funds»
  Features:      COUNTRY FOCUS   |   SECTOR ANALYSIS   |

Retail dive throws up new opportunities

Sales fall, rents fall, malls fail to open and store closures are on the rise, but retail brands with deep pockets are seizing this moment to expand. Shop analysis by Corina Ilie

September 2010 - From the Print Edition

4 Photos
Retail is in a state of upheaval. Romanians have less money. They are less willing to spend. Many shops see revenues fall. They ask their landlords for cheaper rents. Landlords must balance the option of lower revenues against owning a vacant lot and hoping the market will improve. Shopping centres are changing the tenant mix to keep customer traffic high. Many local and international chains shut down stores across Romania. Some chains are pulling out of the provinces and keeping stores open in ...

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