Toy retailer Jumbo to open new store in central Romania in mid-Nov

The Jumbo Group is taking advantage of its strong financial position and continues its investment programme for 2022 and 2023, the company said in a press release on Thursday.

For the nine-month period of 2022, the group's total sales increased by 11% on the year, while in September alone Jumbo recorded an annual increase of 7% in sales.

In Romania, nine-month sales decreased by 1.5%, while in September alone they fell by an annual 2%, it added.

In September, Jumbo confirmed its investment plans in Romania despite a 7% annual drop in sales in the first six months of the year.

Jumbo is focused on strengthening its presence in the Romanian market, and will open a hyperstore in Sibiu before this Christmas and will inaugurate two more units in 2023, as announced in April, it said at the time. Furthermore, an online store in Romania is expected to begin operations.

At the end of June, Jumbo employed 1,249 in 15 hyperstores in Romania. The company operated 82 stores in Greece, Cyprus, Bulgaria and Romania and two online stores, in Greece and Cyprus, as at the end of June 2022.

The company is also present through collaborations, with 30 stores operating under the Jumbo brand in Albania, Kosovo, Serbia, North Macedonia, Bosnia and Montenegro.