ECONOMY

Jumbo sales rise 7.6 pct in H2 2018

jumbo-sales-rise-7-6-pct-in-h2-2018

Toy and homeware retailer Jumbo on Tuesday reported group sales of 476.7 million euros in the July-December 2018 period, up 7.6 percent on the same period in 2017.

This was mainly thanks to the 30 percent jump in sales in Romania and the 9 percent increase in Bulgaria, while sales rose 1 percent in Greece and 2 percent in Cyprus.

Jumbo has opened two new stores in Romania since fall 2018, taking its total in the country to 12.

In April 2019 it is set to open a 13th, in Braila, eastern Romania, covering some 12,000 square meters.