The Black Friday sales of Romania-based online retailer eMAG in Bulgaria increased by 17% y/y to BGN55.9mn (€28.6mn), Investor.bg reported on November 22.
Private consumption in Bulgaria has been rising this year thanks to wage hikes. Public sector wages increased by 18% in the first half of the year, while private sector salaries rose by almost 11%.
382,000 products were sold during eMAG's Black Friday campaign in Bulgaria on November 19 this year, according to eMAG Bulgaria, Investor.bg reported.
The company entered the Bulgarian market in 2012 and opened its first two showrooms in the country in September 2020 and October 2021.
Related Articles
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
Bulgargaz files claim against Gazprom over lost gas supply
Gazprom faces another compensation claim for lost gas supply from a former European customer – this time Bulgaria’s state gas company Bulgargaz. Bulgaria was one of a number of European ... more
Bulgaria's BACB to acquire 99.94% of Tokuda Bank
The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more