Money Buzz! Europa

Category: Retail

  • Chopin and Vera Wang to launch the first vodka-fashion collaboration ever

    Chopin and Vera Wang to launch the first vodka-fashion collaboration ever

    Chopin Vodka, a Polish luxury vodka brand and designer Vera Wang will release a limited-edition collaboration, Vera Wang x Chopin.

    The project will launch in the spring of this year in the United States.

    Hand-crafted from farm to bottle, Vera Wang selected a special variety of young potato for Vera Wang x Chopin that has never been on the market. 

    The limited-edition collaboration will be available for presale on March 8 exclusively on ChopinVodka.com at 10 a.m. EST.

    It will be available in the weeks following in select retailers throughout the US for a suggested retail price of $99 (1 liter).

    Chopin is a boutique, family-owned, distillery that crafts artisanal spirits and liqueurs.

  • Polish developer Scallier to open six Funshop retail parks in Romania

    Polish developer Scallier to open six Funshop retail parks in Romania

    Polish developer Scallier will bring to Romania the Funshop Park concept, a chain of commercial parks that will be built in several small and medium-sized cities in the country.

    The developer wants to open six commercial galleries by 2022, with a leasable area of ​​over 40,000 square meters.

    Funshop Park Moșnița Nouă (Timișoara)

    In the commune near Timișoara, Scallier will build a commercial gallery of 10,601.49 sqm, on a land with a total area of ​​22,360 sqm.

    Funshop Park Timișoara has the Lidl and Penny supermarkets as main anchors, 200 parking spaces and will open until the end of the year.

    Funshop Park Roșiorii de Vede

    The shopping center in Roșiorii de Vede will have a total area of ​​6,500 sqm and as the main anchor a Lidl store with an area of ​​2,200 sqm.

    Funshop Park Roșiorii de Vede is located on Carpați Street, no. 132, very close to the train station and will be inaugurated in the third quarter of the year.

    Funshop Park Focșani

    The retail park in Focșani will have an area of ​​5,000 square meters, 92 parking spaces and will be open by the end of the year.

    Funshop Park Focșani has as anchor a new Lidl store and is located on Bârsei Street, no. 15, near the train station.

    Funshop Park Hunedoara

    The commercial park from Hunedoara will be built on Mihai Vitezul Street, no. 1, next to Lidl.

    With an area of ​​6,260 square meters and 163 parking spaces, Funshop Park Hunedoara will open in the first quarter of next year.

    Funshop Park Vaslui

    The retail park will be built near the Kaufland store on Decebal Street, will have an area of ​​9,975 square meters and 280 parking spaces.

    Funshop Park Vaslui will open in the first quarter of 2022.

    Funshop Park Turda

    The sixth local Scallier project will open in Turda in the first quarter of next year.

    Located near Kaufland, Calea Victoriei, no. 39, Funshop Park Turda will have a leasable area of ​​9,082 sqm and approximately 270 parking spaces.

  • Chinese retailer Mumuso opens its fourth mono-brand store in Romania

    Chinese retailer Mumuso opens its fourth mono-brand store in Romania

    Mumuso fashion brand, operating over 3500 stores in 30 countries, opens the forth mono-brand store in Romania in the ParkLake shopping center, Bucharest.

    Mumuso is present in Romania through mono-brand stores located in Militari Shopping Center, DN 1 Value Center and Dâmbovița Mall.

    Mumuso Parklake will open in February 2021 and will have 150 square meters.

    Mumuso is a brand addressed to young people, inspired by the Korean fashion trends in combining the traditional culture with modern society, symbolizing the cheerful and tenacious spirit present in every corner of the world.

    The company’s operational center is located in Shanghai, China.

  • Only three new malls opened in Romania last year

    Only three new malls opened in Romania last year

    In total, new commercial spaces with a cumulative area of ​​about 126,000 sqm were delivered in 2020 throughout the country.

    Thus, the modern retail stock in Romania reached 4.04 million square meters, reflecting an average density of 209 sqm / 1,000 inhabitants.

    The stock includes both shopping centers (57% of spaces) and also retail parks (36%) and shopping galleries (7%).

    The main deliveries were represented by the retail component of the mixed project developed by AFI Europe in Brașov, with a leasable area of ​​45,000 sqm.

    Other deliveries included Shopping City Târgu Mureș (40,000 sqm rentable) developed by NEPI Rockastle and Dâmbovița Mall, the first modern retail project in Târgoviște developed by MAS Real Estate and Prime Kapital, with a leasable area of ​​approximately 33,000 sqm.

    The most important project currently under construction and whose delivery is planned for 2021 is the expansion of the Colosseum shopping center in the northwest of Bucharest.

    In total, are expected deliveries of 60,000 square meters of modern retail space this year, a decrease of about 50% from the previous year.

  • XXXLutz opens its first units in Bucharest on former Kika stores sites

    XXXLutz opens its first units in Bucharest on former Kika stores sites

    XXXLutz, the second largest furniture retailer in the world, opens two XXXL stores on February 3, in the same place of the former Kika Militari and Pallady stores, Money Buzz! reports.

    In December 2019, the Austrian group took over all Kika subsidiaries in Eastern Europe.

    The two new stores in Romania have undergone, in the last 12 months, a transformation process.

    XXXLutz brings XXXL assortments, over 20,000 products, furniture, accessories and everything needed to turn a house into a home.

    Also, on the Romanian market, new services will be available such as protection against stains caused by food or beverages, for most textile products in the XXXL portfolio.

    XXXLutz Bucharest stores are open from Monday to Saturday, between 10:00 and 21:00 and on Sunday, between 10:00 and 20:00.

  • Douglas to close around 500 of its 2,400 European stores

    Douglas to close around 500 of its 2,400 European stores

    Out of 2,400 European stores, a total of around 500 is to be closed, the majority of them in Southern Europe and about 60 of the circa 430 stores in Germany.

    Douglas has commissioned a transfer agency to support the circa 600 affected store employees in Germany (out of a total of more than 5,200) in their professional reorientation.

    Additionally, the affected employees will be offered severance payments above the industry norm.

    Douglas generated sales of 822 million euros in the 2019/20 financial year (up to the end of September), following a significant 40.6 percent increase in e-commerce.

    Due to this, Douglas has generated sales of 3.2 billion euros – just 6.4 percent short of last year’s record figure of 3.5 billion euros – despite a COVID-induced slump in its brick-and-mortar business after months-long lockdowns.

    Operating profit (Adjusted EBITDA) declined by 16.7 percent year-on-year to 292 million euros. 

  • The top 10 food retailers in Romania hold 63% of the market

    The top 10 food retailers in Romania hold 63% of the market

    A new study conducted by Coface on the sector of “Retail sale in non-specialised stores with food, beverages or tobacco predominating” (NACE 4711) indicates a positive evolution of revenues in 2019, which increased with approximately 10% compared to 2018, with a slightly higher profitability.

    The study aggregated the data of 46.571 companies that submitted their financial situation for 2019 (as of September 2020) and generated a consolidated turnover of RON 79.4 billion.

    The weight of the cumulative market share held by the most important 10 players is 63%, which indicates a medium to high degree of concentration.

    The share in the total turnover of the top 10% companies in the sector remained at a high level (88.6% in 2015, in 2019 reaching the value of 89%).

    Thus, the sector is highly polarized, with some large companies generating a high share in the turnover and many small companies contributing less to the total revenues.

    About 15% of companies reported a loss of more than -20%, and 9% of companies had a profit of over 20%.

    Also, most of the lawsuits are still represented by executions, which increased from 275 in 2018 to 316 in 2019.

    According to INSSE data, the social category that allocated the most money on food and beverages in 2019 is represented by employees, with the Bucharest-Ilfov region in first place.

    Farmers in the Bucharest-Ilfov region are the largest consumers of such products per month (1,296 RON/month), in contrast to the farmers in the North-East region (422 RON/month).

  • Online fashion retailer Boohoo acquires the Debenhams brand and website

    Online fashion retailer Boohoo acquires the Debenhams brand and website

    Online fashion retailer Boohoo has acquired the Debenhams brand and website for £ 55 million ($ 75 million), but will not take over the retailer 118 stores or the workforce, BBC reports.

    Thus, it is possible that almost 12,000 employees of the Debenhams chain of stores to be laid off.

    Boohoo has already bought several brands, Oasis, Coast and Karen Millen, but without the associated stores.

    In December, Debenhams went into liquidation, after the failure of negotiations with JD Sports, after the coronavirus pandemic (Covid-19) significantly affected the retail sector.

    The sale of the 124 Debenhams stores began in December, with administrators continuing to look for deals for the entire business, but also for certain parts.

    Recently, the company announced that six units will not be reopened, including the famous store on Oxford Street in London.

  • Almdudler is now available in new 1-litre glass bottle

    Almdudler is now available in new 1-litre glass bottle

    The Austrian family-owned company Almdudler will launch Almdudler Original and Almdudler Sugar Free in an environmentally friendly and climate-neutral 6x1L glass container.

    ”We know that consumers are again increasingly turning to the glass multi-way bottle when it is offered” said Managing Director Gerhard Schilling in a statement.

    The bottles are available at Spar, Eurospar and Interspar.

    Claus Hofmann-Credner, Marketing Manager at Almdudler adds ”Glass bottles are not only visually and haptically very high-quality, but also durable and environmentally friendly”.

    Even more, this glass reusable bottles are to be refilled up to 50 times

  • Shops in the Czech Republic will be forced to sell mainly local food

    Shops in the Czech Republic will be forced to sell mainly local food

    Czech MPs passed an amendment on Wednesday forcing shops with an area of ​​at least 400 square meters to sell mainly local food, starting next year.

    According to this measure, Czech food products will have to represent at least 55% of the sales of these stores.

    Moreover, the share of local food would increase to 73% in 2028, according to the amendment passed by the far-right ”Freedom and Direct Democracy” (SPD) party.

    The quota only applies to food that can be produced in the Czech Republic.

    The Czech economic daily Hospodarske noviny reported on Wednesday that eight EU countries, including Germany and France in particular, have criticized the amendment on the quota for local food.

  • Which are the most duped fashion brands in the world

    Which are the most duped fashion brands in the world

    As shoppers are becoming experts at finding their own luxury dupes, which brands are we most interested in saving a pretty penny on?

    To find out, OnBuy utilised Ahrefs to find the average monthly search volumes of some of our favourite luxury and higher priced brands.

    With a whopping 61,990 global searches monthly, Yeezy tops the list of high priced brands that we search for when it comes to fakes.

    Following behind in second place is Gucci, with 41,490 monthly searches. Taking third place is Louis Vuitton with 25,920 monthly searches.

    Supreme claims fourth with 15,340 searches per month and Chanel a close fifth (13,000).

    An OnBuy survey also found that 22% of those surveyed already own fake goods and just over 1 in 2 of us (54%) would consider buying a fake.

    OnBuy asked those surveyed if they have ever bought a designer knockoff for someone as a gift, and it turns out 18% of us have.

    67% of those that said yes didn’t tell the person they gifted it was fake whereas 23% did.

  • Dabo Doner opens the first Romanian fast-food restaurant in London

    Dabo Doner opens the first Romanian fast-food restaurant in London

    The Dabo Doner franchise, owned by Dan Paştiu, opened the first Romanian fast-food restaurant in London, right next to Wembley Stadium.

    The Dabo Romania menu is taken over in full in the restaurant opened in London, the only difference being the replacement of beef with mutton.

    The use of this ingredient aims to adapt more easily to the demand of the London market, where a large amount of halal food is also consumed.

    In terms of investment, the restaurant opened in London is valued at over 150,000 euros.

    Dabo Doner aims to open 5 more restaurants in London this year and 40 restaurants across England in the next 3 years.