News » February, 2011 » 6 February 2011
Most powerful retail manager: Recovery depends on consumers' optimism
06.02.2011, 22:27 | Business | 835 views
Duşan Wilms, one of the few Romanian executives running a multinational, Metro Cash & Carry Romania, with 5,800 employees and 1.3bn-euro turnover, says the revival of retail and of the economy rests with consumption, the engine of the pre-crisis period. "Everything depends on the optimism or pessimism of consumers, on their wish to buy and consume. As this is a crisis period, uncertainty is mounting and people are more carefully managing, investing their money. This impacts retail, particularly non-food retail. I believe the biggest decline was in non-food retail and especially in 'high-value investment products'". Read more on ZF.ro
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