ADVERTISEMENT

Drugstore chains booming in Hungary

Telco

On average every third Hungarian is buying a face care product at Drogerie Markt (DM) and every fourth a body care product at the same chain. Moreover, the company sees further room for growth, business daily Világgazdaság reports.

Three drugstore chains dominate nearly 80% of the annual HUF 280 billion cosmetics market in Hungary; namely DM, Rossmann and Müller. All managed to grow their revenues last year compared to 2016: DM from HUF 85.5 bln to HUF 93.9 bln; Rossmann from HUF 68 bln to HUF 78.4 bln; Müller from HUF 37.6 bln to HUF 46.7 bln.

DM expects to surpass HUF 100 bln in revenues this year, generated in 259 stores in Hungary. Of these, the company has renovated 44, opened six new and closed two outlets. DM plans to open 11 new stores this year.

Rossmann, present on the Hungarian market for 25 years, opened its 200th store last year. The company focuses to a great extent on its web shop, offering more than 10,000 products and free shipping for orders above HUF 12,000, Világgazdaság notes.

ADVERTISEMENT

Regional income disparities remain pronounced Analysis

Regional income disparities remain pronounced

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.