Investments in the retail parks segment in Romania 2015-2023

      The growth rate of the retail parks segment is higher than that of malls, with their share in the market increasing from 42 percent in 2022 to 44 percent in 2023. In 2022, 299.27 million euros were invested in this segment, and the market is expected to reach 300 million euros in 2023.     

Retail Spaces in Romania

 
          In Romania, the retail landscape is undergoing dynamic shifts, with retail park deliveries witnessing a consistent uptrend. Projections indicate that by the end of 2023, the annual retail park supply will surge to 220,584 square meters (about the area of The Vatican).
The aggressive expansion of modern trade stores has impacted the growth of traditional trade stores in the first quarter of 2022. Despite traditional trade stores and minimarkets experiencing the highest value growth at 15.7 percent, traditional stores suffered a negative network growth of 1.6 percent.     

Clothing Market

 
        In 2022, Romania's clothing market witnessed distinct trends, with 56 percent of Romanians opting for second-hand stores. A survey revealed that the primary motivation for second-hand shoppers was cost reduction. Meanwhile, 27 percent of Romanians, reacting to rising gas prices, chose to lower room temperatures and layer up for warmth. The survey on warm clothing prices indicated that nearly a third of e-shoppers perceived a significant price increase throughout the year. Noteworthy players in Romania's clothing retail sector included Pepco and Inditex, holding the top positions in 2022 with revenues exceeding 2.3 and 2.2 billion Romanian lei, respectively.