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JYSK Opens Two New Stores in Hungary

D&T
Mar 6, 2024

The Danish household goods retail chain JYSK will open two new stores in March, while two others will be renewed. The new stores will be opened in Bicske and Várpalota, bringing the total number of JYSK stores in Hungary to 98, the chain said on Wednesday, according to MTI. In addition to the opening of […]

Second Interspar Store in Debrecen

D&T
Nov 23, 2023

The eastern Hungarian city's second Interspar store has been built in the vicinity of Debrecen's dynamically developing southern industrial zone; the hypermarket with a floor area of 2,600 square metres was completed with an investment of HUF 3 billion, Spar Hungary told MTI on Thursday. The new store will meet the needs of both regular […]

10-Year Anniversary of OMV Spar Express Stores in Hungary

D&T
Nov 11, 2023

It was ten years ago in the fall of 2013 that OMV Hungária and SPAR Hungary opened the first OMV Spar express in Budapest, at the gas station on Fehérvári út, in the capital’s District 11. Currently, there are 87 Spar express stores nationwide in Hungary, and approximately 20 million people shop at the stores […]

Penny's Opens its 230th Store in Hungary

D&T
Oct 5, 2023

The retail store chain Penny opened its 230th Hungarian store in Budapest, in the X. district, the company informed MTI on Thursday. The store, with almost 400 square meters of retail space, will employ 15 new workers. The store is located at one of the busiest junctions in the district. In a statement, the chain […]

JYSK Opens Two New Stores in Hungary

D&T
Aug 31, 2023

JYSK has opened new stores in Solymar and Mór, bringing the home furnishing chain's total number of stores in Hungary to 94, the company informed MTI on Thursday. The chain is continuing to expand, with plans to open two more JYSK stores by the end of the year, one in the capital and one in […]

Big Innovation Coming to IKEA Stores in Hungary

D&T
Aug 25, 2023

IKEA launched the ‘Shop & Go’ service in all three of its Budapest stores in August, allowing shoppers to scan the items in their shopping cart on their mobile phones using the IKEA app, and then scan the QR code to pay at the express checkout, according to a company statement published by the financial […]

Aldi Has Big Plans in Hungary

D&T
Jul 31, 2023

Aldi made a big step in the ranking of Hungarian retail chains last year and managed to lure many customers away from other discounters besides hypermarkets and supermarkets, portfolio.hu financial portal reports. The price freeze was a big loss for them as well, but they are continuing to develop their domestic operations and are also […]

Magyar Telekom, 6th Largest Player in Online Retail

D&T
Jun 16, 2023

Magyar Telekom accounted for 2.4% of the turnover of the Hungarian online retail market in 2022, making it the sixth largest online player among Hungarian e-retailers with operations, the company told MTI on Friday, referring to a survey by the GKID analysis and consulting firm. According to the analysis, the growth rate of e-commerce in […]

More Moderate Growth in Domestic Online Retail Sales

D&T
Jun 6, 2023

According to Reacty Digital's annual online retail survey, domestic online retail sales reached HUF 1,378 billion in 2022, with a more moderate growth of 8% compared to recent years. In a summary sent to MTI on Tuesday, it was reported that during the coronavirus outbreak, due to the closures, more people shopped online more often […]

Lidl Hungary 2022 Hungarian Wine Sales: HUF 14.2 Bn

D&T
Apr 28, 2023

Lidl Hungary sold Hungarian wine worth HUF 14.2 billion at home and abroad, with sales up by almost 60% in five years, the supermarket chain told MTI. Export sales have reached 15 million bottles, with Furmint, Királyleányka and Szürkebarát being the most popular Hungarian wines abroad. The offer is wide-ranging, with products from family wineries […]

Spar's Turnover Up by Over 15% Last Year

D&T
Apr 19, 2023

The retail chain Spar Hungary achieved gross sales of HUF 915.7 billion in 2022, 15.6% more than in the previous year, the company's CEO, Gabriella Heiszler said at a press conference in Budapest on Wednesday. There was a minimal year-on-year decline in the volume of products sold last year, with a very strong first half […]

Major Development in Tesco's Hungarian Stores

D&T
Mar 30, 2023

Tesco refurbished 25 of its stores in the 2022/23 financial year ending in February. The refurbishments have involved 12 hypermarkets and 13 convenience stores across Hungary to provide customers with a nicer shopping environment and workers with a more comfortable working environment. The HUF multi-billion improvements included optimizing the size and design of the stores' […]

Over 2,000 Retail Outlets Closed in Hungary in 6 Months

D&T
Dec 27, 2022

Many have warned that retail closures could intensify this year, most of which have been put off until the second half of the year due to worsening problems. However, the first half of the year has already seen some very negative numbers, with more than 2,000 retail outlets closing down, the financial website portfolio.hu writes. […]

JYSK's Turnover Up by almost 20% in Hungary

D&T
Nov 29, 2022

JYSK's sales revenue in Hungary increased by 19% to HUF 67.6 billion in the financial year from September 2021 to August 2022, while its EBIT for the whole company amounted to HUF 12.49 billion, an increase of 0.4%, the home furnishing chain informed the state news agency MTI on Tuesday. The turnover of the trading […]

Inflation and Prize Freezes Hit Spar Hungary Too

D&T
Oct 31, 2022

“Cashiers and stockers complain a lot that customers are nervous, that prices are falling because of them," the top manager at Spar Hungary, Gabriella Heiszler, said in an interview with the Hungarian Forbes magazine. In fact, after a purchase, all she could say when seeing the bill is "oh my goodness," she is quoted by […]

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