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OBI Hungary Retail Kft in Retailing (Hungary)

OBI Hungary Retail Kft Company Profile: New insights

OBI Hungary Retail Kft strengthened its leading position within the home improvement and gardening stores channel through the acquisition of former Bricostore outlets in the second half of the review period. The company benefits from improving consumer sentiment. Although the Plaza Stop Act limits the opening of new outlets above 300 sq m, OBI closely monitors the retail real estate market to cover untouched areas by taking over empty outlets. OBI, as the most competitive and largest home...

The withdrawal of Bricostore from Hungary and the closure of all of its Hungarian outlets during 2012 strengthened Obi's position in home improvement and gardening stores and the company was able to assume control of three former Bricostore outlets on the ring road which encircles Budapest.

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