New Yorker business decreased by 16% in 2020, to 289.8 million lei

The NY’ER Romania company, based in Cluj-Napoca, the administrator of the local New Yorker stores, reported for 2020 a turnover of 289.8 million lei (60.1 million euros), decreasing by 16% compared to the previous year, according to ZF calculations based on data from the Ministry of Finance.

Last year, the company achieved a net profit of 61.8 million lei (12.8 million euros), 23% less than the previous year, when it had a net profit of approximately 80.7 million lei (17 million euros). million), according to public data. The company reached an average of 458 employees last year.

According to the value of the business, New Yorker is among the largest fashion retailers in Romania, along with Inditex (owner of Zara), H&M, C&A and LC Waikiki on the clothing market, and Deichmann and CCC on footwear, according to Euromonitor and ZF.

Mainly, New Yorker covered the largest cities in the country, the brand being positioned in the middle price segment. Small and medium-sized towns are the option for discounters who go to low prices to fight with local bazaars and shops.

AFP


Source: Jurnalul.ro by jurnalul.ro.

*The article has been translated based on the content of Jurnalul.ro by jurnalul.ro. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!