Jumbo reaches EUR 100 million in sales in Romania, plans to continue expansion on local market

Greek toys and decorations retailer Jumbo increased its sales in Romania by more than 53 percent in the fiscal year ended on June 30, up to EUR 100.6 million. Its Romania activities contributed to about 13.4 percent to the group’s sales, Profit.ro reports.

In the 2017-2018 fiscal year, ended in June, Jumbo had a pre-tax profit of EUR 33.45 million – almost 58 percent higher than the profit recorded in the previous year.

During this period, Jumbo opened two new stores, in Suceava and Bucharest, and also inaugurated its store in Voluntari last month, with a surface of about 13,600 sqm.

At the end of September, the Greek group had 11 stores on the local market – four in Bucharest, and one each in Oradea, Arad, Ploiesti, Pitesti, Constanta and Suceava.

The retailer restated its plans to open two new stores in Romania before the end of this fiscal year, which will end in June 2019. The new stores will be in Braila and Bacau, and recruitment of staff is already underway. Also in 2019, a new Jumbo will open in Macro Mall Brasov.

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Jumbo wants to reach about 25 stores on the Romanian market by 2022.

Internationally, Jumbo owns a 76-store network – 51 in Greece, 11 in Romania, 9 in Bulgaria and 5 in Cyprus, as well as an online store. The group is also present in five other countries – Macedonia, Albania, Serbia, Kosovo and Bosnia and Herzegovina – through partnerships with local companies.

The group had 6,378 employees at the end of June, of which 952 were in Romania.