Boston, MA -- (ReleaseWire) -- 06/25/2014 -- The market entry of UK department store retailer Debenhams in December 2012 was the big story for the channel. The 2,800 sq m single outlet in the country is run by Canopus Investments EOOD, a Bulgarian registered company owned by a British businessman, which also holds franchise rights for Croatia and Serbia. Canopus Investments indicated that a second Debenhams store may be opened in the capital Sofia in the near future and that opportunities in other towns are being considered. However, given the present difficult economic and political environment in Bulgaria, it seems more likely that the second Debenhams store in the Balkans will open in the Croatian capital Zagreb instead.
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Canopus Investments was the leading player in 2013 with 70% of total channel value sales. Debenhams registered the biggest increase in sales in 2013, up to BGN8 million from BGN1 million in 2012.
Mixed retailers is expected to register a CAGR of 18% at constant 2013 prices over the forecast period. The positive projection is based mainly on expectations that Debenhams will expand its presence beyond its single store in Sofia.
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The Mixed Retailers in Bulgaria market research report includes:
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