Alza.hu to open 5,000 sqm showroom in Budapest

Retail

The local webstore of Czech online retailer Alza.cz will open a 5,000 square-meter showroom in Budapest on Friday, Alza.czʼs business development director Jaromír Řánek said on Wednesday, according to state news agency MTI.   

An annual ranking of online retailers in Hungary released in August by market research firm GKI Digital showed alza.hu making its debut in 8th place after only four months of presence on the local market.

Some 1,500 products will be on display in the showroom, which cost almost HUF 650 million to build, Řánek said. 

Alza.czʼs revenue in Hungary is expected to reach HUF 10 billion this year, he added.

In the local website Alza.huʼs first year, 2017, the site generated enough sales to make it the eighth biggest online retailer in Hungary, according to data compiled by GKI Digital, published in an annual ranking in August.

Alza.czʼs overall sales reached net EUR 820 mln in 2017, making it the biggest internet retailer in Central and Eastern Europe. It has brick-and-mortar shops in Austria, the Czech Republic, Slovakia and Hungary, but its webshop is available to customers in all European Union countries.

ADVERTISEMENT

More Romanians at poverty risk since the COVID pandemic Analysis

More Romanians at poverty risk since the COVID pandemic

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.