Rewe Unit Continues Expansion As Weak Spending Remains In Play

Rewe Group-owned discount retailer Penny Market is expected to launch a further 10 stores in Romania over H210 (calendar) having already opened nine in the year-to-date. With more than 100 Penny stores currently on-stream, the discount banner forms an important part of Rewe's overall business in Romania, which also includes exposure to supermarkets. With the Romanian retail market still among the most promising in emerging Europe (large population and low retail penetration), ongoing store building is very much with the medium-long term in mind given how weak consumer confidence remains.

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