Thousands of stores shut down in Romania in 2009

More than 4,000 of the 91,000 stores operating on the Romanian FMCG market were closed last year. Of those closed, almost three quarters (73%) were conventional stores, while the remainder operated in the HoReCa sector, according to a recent study by MEMRB.

By way of example, last year, Macromex, the largest distributor of frozen food in Romania (annual revenues of €120m) ceased deliveries to 15% of its clients – the equivalent of 1,100 stores – due to them having incurred debts to the distributor. The foodstuff distributor Elgeka-Ferfelis (an annual revenue of €70m), also froze its deliveries to about 15% of its 14,000 clients for the same reason.

The FMCG market in Romania shrank by 10% last year compared to 2008. At present, about half the FMCG sales in Romania are generated by traditional stores, which are typically operated by domestic companies.

Number of retail units closed down in Romania, 2009