Altex owner Dan Ostahie inaugurated a new Media Galaxy store last week,
despite an overall market decline in H1. The 1.5 million EUR investment
materialized in an electronics & home appliances hypermarket on the
ground floor of the Unirea Shopping Center in downtown Bucharest.
"The market has been rather difficult, with a notable decline in the first
half of the year. However, things have started to pick up and we hope to
conclude the second half of the year with a growth of the nature to give us
hope," said Ostahie.
Ostahie's business advisor Girolamo Mazzeo said Media Galaxy was the largest
supermarket of this kind in Europe, measuring 6,000 square meters.
"Supermarket targets the smart buyers, who leave the car home and take the
subway to save the money to buy an electronic product and have an average
purchasing power," said Ostahie.
The 11th Media Galaxy in the chain carries over 10,000 products, including
70 mobile phone models, 30 digital camera models. 40 plasma TV & LCD
models. The store has partnered with Media Galaxy, Euroline (Bancpost),
Credex (Raiffeisen Bank) and BCR.
source
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