Modern trade exceeds half of Romania's retail this year
Modern retail -hypermarkets, supermarkets, cash&carry and discount stores - accounted for over 50 percent of Romania's total retail market this year, exceeding traditional commerce, according to Competition Council official Valentin Mircea. In 2009, traditional commerce accounted for 55 percent of the total local retail market, he said.
"Due to large retail networks' investments, and the insolvency of some small stores, modern commerce exceeded this year the traditional one," Mircea told the "Romania Retail Forum" organized Tuesday by newswire Mediafax. He added modern retail will continue to increase its share in the coming years.
Mediafax
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