BULGARIAN NEWS

We can understand why each business tries to expand and occupy a strong market position. It is motivated to find new partnerships, to step beyond borders and to become part of the global corporate world. It looks in all directions searching for new segments for development. It also looks eastward, however the gap is too large, and distance matters a lot in this case.This autumn...

Billa opened its newest supermarket in Sofia, in Simeonovo. Its total space is 932 sq m, of which 783 sq m are retail space. The company invested more than BGN 3 M and opened 35 new jobs. The store offers more than 5000 SKUs and a covered parking with 27 spaces for its customers.“We make efforts every day to offer quality goods at most lucrative prices and our customers...

In August 2013 – July 2014 the croissant category in Bulgaria drops – both in volume and value, year-on-year, shows Nielsen's data. Croissants with cocoa filling remain most preferred – their volume for the period makes up 45% of the total, and their value – 47%. The private labels reach 7% of all sales in the category. The market of cupcakes and pastries increases...

X5 Retail Group has launched a new Perekrestok supermarket concept in Moscow and acquired a local chain in the Samara region. After a successful relaunch of Pyaterochka discount store concept, X5 Retail Group has launched a new Perekrestok supermarket concept in Moscow. The store concept has a new outdoor design including an updated logo, improved store navigation and better...

The slowdown of the Russian retail market is a direct consequence of the political tension with Ukraine and the ensuing economic sanctions against Russia as well as the counter-measures enforced by Russia. The medium and long term growth potential of the market is still promising, but it has to be noted that this trend has been reversed several times by short-term crises, such...

Coca-Cola has announced additional tough measures aimed at reviving its fortunes, after reporting a double-digit drop in profit for its fiscal third quarter. For the three months, net profit fell by 14% to $2.1bn, while revenue was flat at $11.97bn, both of which missed analysts’ expectations. Volumes were down 1% in North America, although global volumes rose by...

Reckitt Benckiser Group Plc, the maker of Nurofen painkillers and Veet hair-removal creams, said annual sales growth will be at the lower end of the company’s range amid slowing markets in southeast Asia and Latin America. The gain in revenue, excluding its pharmaceutical unit, will be toward the low end of the company’s 4 percent to 5 percent...

British American Tobacco Plc (BATS), Europe’s largest maker of cigarettes, reported a further decline in shipments as smokers cut back and said the weakness of currencies in many of its markets led to a slide in revenue. The quantity of products sold fell 1 percent in the nine months ended Sept. 30, London-based BAT said today. Revenue tumbled 9.6 percent, and rose less...