Retail

Retail

IKEA sales increase 16% yr/yr

IKEA Kft, the Hungarian unit of Swedish home furnishings chain IKEA, had gross revenue of Ft 33.3 billion in its...

Retail

Marks and Spencer to open two new stores in 2006

High street retail giant Marks and Spencer plans to open two new stores in Hungary this year, one in Pécs...

Retail

Concentration continues on retail market

The number of retail units in Hungary rose 0.4% to 166,458 in the twelve months to March 31, but the...

Retail

Tesco opens 58th store in Hungary

Supermarket chain Tesco Global Stores Zrt opened yesterday a 1,000 square meter store in Zirc, northwest Hungary, spokeswoman Éva Bogár...

Retail

Amway Hungary expects to break even in 2006

The Hungarian unit of Amway, the US seller of home and personal care products, plans to break even on revenue...

Retail

Auchan targets 5%-7% revenue increase in 2006

French supermarket chain Auchan expects revenue in Hungary in 2006 to increase 5%-7% over 2005's Ft 185 billion, Jean Paul...

Retail

Online sales expected to reach Ft 30 bln in 2006

Online sales in Hungary will reach Ft 30 billion in 2006, Gábor Lemák, deputy-CEO of GKIeNET, which researches the electronic...

Retail

OBI takes top spot in DIY market

DIY chain OBI Hungary Kft had revenues of Ft 47.5 billion in the fiscal year between May 2004 and April...

Retail

Skandia to expand into Hungary through German unit

Skandia AB, one of Europe's oldest financial services companies, will expand into Hungary through its German subsidiary, Magyar Hírlap reported....

Retail

Origo online ad revenue grows faster than industry average in Q1

Online advertising revenue of origo, one of Hungary's biggest internet portals, increased more than the industry average in Q1 2006,...

Retail

President officially opens parliament

Hungary's new Parliament was officially formed on Tuesday, after all 386 members took their formal oath of office....

Retail

Praktiker profits up 1.5% in 2005 on stagnating market

German do-it-yourself store Praktiker's profits in Hungary increased 1.5% in 2005 and revenue rose to Ft 44 billion in spite...

Retail

Marking 30 Years, Penny Hungary Makes Record Investment

Penny Hungary is carrying out a HUF 13.5 billion investment at its logistics center in Alsónémedi (25 km southeast of...

Retail

Pek-Snack Builds Regional Footprint in 9 Countires on Frozen Bakery Goods

The Hungarian-owned Pek-Snack Group ended 2025 with stable revenue, higher after-tax profit and a stronger export contribution, widening its sales...

Retail

How Retail Tech and Digitalization are Democratizing FMCG

Cutting-edge technology is becoming increasingly accessible in retail. Reaping its benefits is incredibly relevant for a notoriously price-sensitive Hungarian FMCG...

Retail

Hungary’s Grocery Market Growing, but the Weekly Shop Being Rewritten

Food retail turnover is up, but modest real-volume growth and the expansion of digital purchasing suggest that the FMCG market...

Retail

Making Physical Retail Units Work Harder

Physical stores remain a crucial link between producers, consumer goods companies, retailers and households, argues György Suta, consumer products and...

Hungary Retail Sales Rise 4.9% in July

Retail sales in Hungary rose by about 4.9% year-over-year in July in both raw and calendar-adjusted terms, while sales increased...

Corporate, Retail Lending Post Double-digit Growth in Hungary

Corporate and retail lending portfolios at Hungarian banks both expanded at double-digit rates in the 12 months to the end...

Marking 30 Years, Penny Hungary Makes Record Investment

Penny Hungary is carrying out a HUF 13.5 billion investment at its logistics center in Alsónémedi (25 km southeast of...

Pek-Snack Builds Regional Footprint in 9 Countires on Frozen Bakery Goods

The Hungarian-owned Pek-Snack Group ended 2025 with stable revenue, higher after-tax profit and a stronger export contribution, widening its sales...

How Retail Tech and Digitalization are Democratizing FMCG

Cutting-edge technology is becoming increasingly accessible in retail. Reaping its benefits is incredibly relevant for a notoriously price-sensitive Hungarian FMCG...

Russian Discount Chain Mere Shuts Only Hungarian Store

Russian ultra‑low‑cost chain Mere has closed its only Hungarian store, the Basket Plus in Budapest, less than a year after...

Hungary’s Grocery Market Growing, but the Weekly Shop Being Rewritten

Food retail turnover is up, but modest real-volume growth and the expansion of digital purchasing suggest that the FMCG market...

Hungary Retail Sales Rise 3% in June, Edge Down From May

The volume of retail sales in Hungary increased 3% year-on-year in June on a calendar-adjusted basis, but fell 0.4% from...

Tesco Reportedly Prepares Sale of Central European Operations, Including Hungary

Tesco is moving ahead with plans to sell its Central European businesses, with its Czech and Slovak operations to be...

Making Physical Retail Units Work Harder

Physical stores remain a crucial link between producers, consumer goods companies, retailers and households, argues György Suta, consumer products and...

Hungarian Retailers Press for Sectoral Tax Rollback

Hungary's National Commerce Association (OKSZ) pushed for the rollback of a sectoral tax on retailers, state news wire MTI reports,...

Hungary Retail Sales Rise 4.8% in May, Up 0.7% Month-on-month

Retail sales in Hungary increased by 4.8% year-on-year in calendar-adjusted terms in May and rose 0.7% from the previous month,...

Hungary E-commerce Market Concentrates Around Biggest Players

Alza again topped PwC’s E-toplist of Hungary’s largest online retailers, followed by Kifli.hu and MediaMarkt in the same order as...

Lidl Hungary Launches Scan & Go Pilot in 3 Stores

Lidl Hungary introduced a Scan & Go system yesterday in three pilot locations, allowing customers to scan items with their...

Kifli.hu Expands Delivery Network in Balaton

Kifli.hu, Hungary's largest independent online supermarket and grocery delivery platform, is expanding its home‑delivery service to 28 additional Balaton area...