1,041 result(s) for retail
Cosmetics, House Hold Chemical Sales Climb 7% In Hungary
- 17 Dec 2015 8:00 AM
- shopping
Retail sales of household chemicals and cosmetics in Hungary reached 290 billion forints (EUR 919m) in January-October, up 7% from the same period a year earlier, market researcher Nielsen said. Sales of shower gel were up 12%, tissue sales rose 11% and fabric softener sales increased 10%. Stores bigger than 2,500sqm generated 32% of total turnover during the period.
Hungarian National Bank Advises Caution In Borrowing
- 15 Dec 2015 8:00 AM
- business
The MNB is advising Hungarians to be careful in taking out consumer loans during the Christmas season. The central bank noted that the total cost of lending (THM) for consumer credit, personal loans, overdrafts and credit cards can vary significantly among service providers.
City Analysts Forecast Lower Inflation For Hungary
- 12 Dec 2015 8:00 AM
- business
London-based analysts of JP Morgan and Morgan Stanley both lowered their Hungarian inflation forecasts for next year. Analysts at JP Morgan expect Hungarian inflation to be at 2.1% at the end of 2016, lower than their earlier 2.3% forecast. JP Morgan left their prediction of 2.5% inflation for 2017 unchanged. JP Morgan said lower inflation numbers in October and November made them reconsider ...
Retail Sector Continues To Record Sales Growth Above The EU Average, September 2015
- 30 Nov 2015 8:00 AM
- shopping
In September 2015, the volume of retail sales grew by 5.1 percent year-on-year, and thus the sector’s positive sales trend has been in place for the 28th consecutive month. In the initial nine months of the year, the volume of sales was up by 5.9 percent year-on-year. These growth figures exceed both the EU and the Euro-zone averages.
Zsolt Pálinkás, Chief Operating Officer, Tesco Central Europe
- 29 Nov 2015 11:00 AM
Zsolt has two BSc degrees in Economics from a couple of different respected institutions: Budapest Business School (1999 – 2003) and the University of Debrecen (2002 – 2004).
Hungarian Election CTTEE Approves Referendum Drive To Keep Shops Closed On Sundays
- 16 Nov 2015 8:00 AM
- shopping
The National Election Committee (NVB) sanctioned a referendum question on Sunday shopping restrictions and a signature drive can now be started in the interest of holding a referendum on the question. The question approved by the NVB was submitted by Gabriella Simon Gercsényi as a private individual on October 20, and then again on October 30 with some required changes.
Ministry Rejecting Lidl Expansions In Hungary
- 10 Nov 2015 10:00 AM
- shopping
The Economy Ministry has refused all 28 requests from German discount chain Lidl for exemptions from the so-called “plaza stop” law against the construction of large shops or shopping malls. The law passed in 2012 banned the construction of retail units larger than 300m2 until 2013 and larger than 400m2 from 2014, if no special permit was obtained.
Hungarian Tobacco Companies Boycott ODBE
- 5 Nov 2015 8:00 AM
- current affairs
Multinational tobacco companies Philip Morris, Japan Tobacco and Imperial have not signed an agreement with state wholesale monopoly ODBE, which began operations on Monday. Tobacco retailers can still purchase products from other wholesalers until November 17, but afterwards ODBE – a joint venture of British American Tobacco and Hungarian firm Continental – becomes the only authorised ...
Govt Could Set Minimum Sales Staff Requirement At Retailers
- 5 Nov 2015 12:30 AM
- shopping
Hungary’s government is on course to draft legislation in the next two weeks which would set a minimum staff requirement for shops over 400sqm, business daily Világgazdaság said. The draft bill would require that retailers make at least one staff member available to shoppers for every 70sqm of space during business hours, the paper said. The possibility of such a measure could be a source of ...
Cosmetics, House Hold Chemical Sales Climb 7% In Hungary
- 17 Dec 2015 8:00 AM
- shopping
Retail sales of household chemicals and cosmetics in Hungary reached 290 billion forints (EUR 919m) in January-October, up 7% from the same period a year earlier, market researcher Nielsen said. Sales of shower gel were up 12%, tissue sales rose 11% and fabric softener sales increased 10%. Stores bigger than 2,500sqm generated 32% of total turnover during the period.
Hungarian National Bank Advises Caution In Borrowing
- 15 Dec 2015 8:00 AM
- business
The MNB is advising Hungarians to be careful in taking out consumer loans during the Christmas season. The central bank noted that the total cost of lending (THM) for consumer credit, personal loans, overdrafts and credit cards can vary significantly among service providers.
City Analysts Forecast Lower Inflation For Hungary
- 12 Dec 2015 8:00 AM
- business
London-based analysts of JP Morgan and Morgan Stanley both lowered their Hungarian inflation forecasts for next year. Analysts at JP Morgan expect Hungarian inflation to be at 2.1% at the end of 2016, lower than their earlier 2.3% forecast. JP Morgan left their prediction of 2.5% inflation for 2017 unchanged. JP Morgan said lower inflation numbers in October and November made them reconsider ...
Retail Sector Continues To Record Sales Growth Above The EU Average, September 2015
- 30 Nov 2015 8:00 AM
- shopping
In September 2015, the volume of retail sales grew by 5.1 percent year-on-year, and thus the sector’s positive sales trend has been in place for the 28th consecutive month. In the initial nine months of the year, the volume of sales was up by 5.9 percent year-on-year. These growth figures exceed both the EU and the Euro-zone averages.
Zsolt Pálinkás, Chief Operating Officer, Tesco Central Europe
- 29 Nov 2015 11:00 AM
Zsolt has two BSc degrees in Economics from a couple of different respected institutions: Budapest Business School (1999 – 2003) and the University of Debrecen (2002 – 2004).
Hungarian Election CTTEE Approves Referendum Drive To Keep Shops Closed On Sundays
- 16 Nov 2015 8:00 AM
- shopping
The National Election Committee (NVB) sanctioned a referendum question on Sunday shopping restrictions and a signature drive can now be started in the interest of holding a referendum on the question. The question approved by the NVB was submitted by Gabriella Simon Gercsényi as a private individual on October 20, and then again on October 30 with some required changes.
Ministry Rejecting Lidl Expansions In Hungary
- 10 Nov 2015 10:00 AM
- shopping
The Economy Ministry has refused all 28 requests from German discount chain Lidl for exemptions from the so-called “plaza stop” law against the construction of large shops or shopping malls. The law passed in 2012 banned the construction of retail units larger than 300m2 until 2013 and larger than 400m2 from 2014, if no special permit was obtained.
Hungarian Tobacco Companies Boycott ODBE
- 5 Nov 2015 8:00 AM
- current affairs
Multinational tobacco companies Philip Morris, Japan Tobacco and Imperial have not signed an agreement with state wholesale monopoly ODBE, which began operations on Monday. Tobacco retailers can still purchase products from other wholesalers until November 17, but afterwards ODBE – a joint venture of British American Tobacco and Hungarian firm Continental – becomes the only authorised ...
Govt Could Set Minimum Sales Staff Requirement At Retailers
- 5 Nov 2015 12:30 AM
- shopping
Hungary’s government is on course to draft legislation in the next two weeks which would set a minimum staff requirement for shops over 400sqm, business daily Világgazdaság said. The draft bill would require that retailers make at least one staff member available to shoppers for every 70sqm of space during business hours, the paper said. The possibility of such a measure could be a source of ...