Romania Market Update 2024
The large retail chains recorded a total turnover which was 16.3% higher than in 2021, a growth rate that exceeds the average annual inflation rate of 13.8% registered in 2022, according to the Romania Retail Snapshot 2023 study performed by the Cushman & Wakefield Echinox real estate consultancy company, based on the financial results of 114 companies from 12 different segments. All the analyzed retail segments recorded higher y-o-y revenues in 2022, with the largest increases being reported by the Cosmetics (32.9%), F&B (32.5%), and Clothing (24.5%) retailers.
The 12 analyzed sectors are FMCG (major hypermarket/supermarket chains), Clothing, DIY, Sports, Footwear, Kids & Toys, Jewelry, Home & Deco, Food & Beverage, Cosmetics, Electro-IT, and Specialized Stores. Together, the 114 retailers in question have more than 6,000 stores in Romania, located mainly in shopping centers, retail parks, and commercial galleries.
