Central & Eastern Europe news & analysis

29 January 2021
Germany’s competition authority, The Federal Cartel Office (Bundeskartellamt), has approved Kaufland’s acquisition of some Real stores in Q4 2020. By taking over these stores Kaufland is improving its purchasing position in the country. Acquisition of 92 Real hypermarkets approved Kaufland’s acquisition will see it acquire 92 of the 101 Real hypermarkets it applied for originally, although ...
28 January 2021
As Auchan sets out its plans for 2021 in Russia and embeds its multichannel strategy in Poland and Romania, we round up five developments from the retailer across central and Eastern Europe. Auchan to focus on modernisation in Russia According to reports in Finmarket, Auchan is not planning to open any stores in Russia in 2021. Instead, the retailer will focus on its current projects of mod...
27 January 2021
X5 has reported an improved performance in 2020, versus 2019, with it generating revenue of RUB1,975 bn (US$26.31 bn). The retailer saw total sales grew 14.3% year-on-year, while like-for-likes rose by 5.5%. Both rates improved on the previous year when the stood at 13.3% and 4% respectively. Although more than 81% of the growth was derived from the Pyaterochka banner, X5’ new businesses contr...
25 January 2021
This month, Lidl opened its first distribution centre in Latvia, in Riga. When the first stores will open later this year it will mark the 30 th market entry for the discounter globally. This means Lidl will be one country away from operating across all EU countries. Disruption ahead for Latvia and Estonia grocery retailers We expect Lidl to launch in Latvia with a network of 10 to 15 stor...
22 January 2021
Turkish on-demand rapid delivery company Getir announced it has secured $128m for international expansion in a funding round. Valued at $850m The funding round, led by venture capitalist Michael Moritz’s Crankstart Investments and Brazilian Base Partners, valued Getir at around $850m. With this investment, Getir aims to expand internationally to offer its services initially in London, Sao P...
21 January 2021
Amongst all modern retail channels, the impact of COVID-19 from a global perspective, has varied the most in convenience. The channel, however, continues to offer a massive opportunity for retailers and suppliers globally, benefiting from longer term consumption trends such as smaller households and more consumers shopping locally. With this in mind, we have identified five themes that we expect ...
18 January 2021
As Netherlands-based Picnic enjoyed a doubling in turnover in 2019 and Farmy tripled its sales in 2020, we look at four developments in the online channel across Europe. Farmy tripled its turnover in 2020 Farmy, an online grocery specialist that only sells regional and organic products from more than 1,200 authentic producers in Switzerland, has reported growth of 170%, to CHF26m (US$29.2m)...
12 January 2021
France trade publication LSA has reported that Auchan Group has changed its management team to bring in new governance of the group with the appointment for each country of a president and vice-president. Management changes aimed at accelerating decentralisation process LSA, quoting a document, said the appointments are ‘ …a question of accelerating the move towards decentralisation by allo...
15 December 2020
Germany-based Metro has ended its 2019/20 financial year on a positive trajectory after a challenging year that saw its major markets and customers impacted heavily by the COVID-19 pandemic. Positive Q4 sees Metro gain market share In its full year, Metro reported like-for-like sales contracted by 3.9%, which was at the upper end of its guidance range. The company said that ‘ with the excep...
14 December 2020
In 2020 X5 launched several new online solutions and expanded the range of services it offered. This included an online marketplace, Perekrestok Vprok, and an express delivery service, Okolo. The developments are part of its strategy to grow its share of Russia’s shopper spend on food and groceries. They are also aimed at helping it take a leading position in the country’s growing online groce...