Modern Retail Exceeds 50% Of Romania's Commerce In 2010

Modern retail--hypermarkets, supermarkets, cash&carry and discount stores--accounted for over 50% of Romania's total retail market this year, exceeding traditional commerce, according to Competition Council official Valentin Mircea.

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In 2009, traditional commerce accounted for 55% 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 MEDIAFAX.

He added modern retail will continue to increase its share in the coming years.

According to a survey conducted by market research company GfK, modern retail will account for 54% of the total retail market in 2015.

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