You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Greek toy retailer Jumbo to open 13th store in Romania

Greek toy retailer Jumbo to open 13th store in Romania

BUCHAREST (Romania), January 17 (SeeNews) - Greek toy retailer Jumbo plans to open its 13th store in Romania in April, it said.

Jumbo will open the new 12,000 sq m unit in the eastern city of Braila, the company said in a press release on Wednesday.

The retailer, which currently operates 77 stores in Greece, Cyprus, Bulgaria and Romania and an online store, reported a 30% annual rise in the net sales of its 12 Romanian units during the first half of financial year 2018/2019 started in July. The sales of Jumbo's nine stores in Bulgaria increased by approximately 9% year-on-year.

Since July 2018, Jumbo has opened two new stores in Romania: one in capital Bucharest, at the end of September, with an area of 13,600 sq m and one in Bacau, of some 12,900 sq m, in November.

The company has also a presence through partnerships in five countries of Southeast Europe with stores that operate under the Jumbo brand in Macedonia, Albania, Kosovo, Serbia and Bosnia.