Retail trade turnover growth in Romania 2008-2023
The highest growth in the annual turnover of the retail trade industry in Romania was registered in 2016, totaling 13.5 percent. Nevertheless, since 2012, there has been a positive percentage change in the retail trade annual turnover. As of July 2023, the revenue growth was 2.7 percent.
Fashion Retail Sector
The fashion retail landscape in Romania has witnessed both shifts in employment and remarkable revenue growth over the years. Despite a decline in the number of employees from 495 thousand in 2008 to 425 thousand in 2022, the sector's revenue surged by an impressive 216 percent, reaching 354 billion Romanian lei by 2022. As of September 2023, Romania boasted a total of 158 retail chains and the fashion and clothing sector led with 29 chains. LPP ROMANIA FASHION SRL emerged as a frontrunner, securing the highest revenue among rapidly expanding medium and large retail companies in 2022, with an impressive sum of nearly 1.4 billion Romanian lei. This highlights the resilience and dynamism of Romania's fashion retail industry amidst changing economic landscapes.
Footwear Retail Market
In the footwear retail sector, projections indicate significant growth, with the retail sales revenue expected to reach around 563.41 million U.S. Dollars by 2025. I In 2022, Deichmann stood out as Romania's leading footwear retail company, boasting a substantial revenue of 503.5 million Romanian lei. These figures underscore the sector's robust performance and the prominent position of Deichmann within the dynamic Romanian footwear market.
