Businessman Dan Pavel, who controls footwear retailer Benvenuti,a 34-store chain with 11 million euros in turnover in 2008, sayssales in stores older than one year have fallen by an average 30%.Therefore, after initially budgeting an over 30% turnover rise for2009, Dan Pavel has revised this year's budget downwards, to a 5%rise in RON, i.e. 43 million RON (over 10.2 million euros). "Thisyear's turnover should amount to around 5%. Thanks to the stores weopened last year, a turnover rise by 30-35% on 2008 would have beenpossible, but the financial crisis generated an around 30% salesdecline in the first half of the year for each individual store,"Adrian Cazu, manager of the Benvenuti stores, told ZF Transilvania.At present, the Oradea-based retailer has a 34-store chain, ofwhich 31 Benvenuti stores, one Outlet store and two Enzo Bertinistores. The most recent Benvenuti store was opened early this yearin Carrefour Orhideea, with Benvenuti to open another store inCotroceni Park, Bucharest.
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