Czech Republic news

12 January 2017
Tesco has reported impressive figures for its third quarter and Christmas trading periods, with strengthening growth in the UK and underlying improvements in many international territories. The results mean that Tesco now expects it could deliver full year operating profits slightly ahead of the consensus forecast of £1.2bn. Headline LFL results   Q3: 13 week...
20 December 2016
Europe’s largest buying alliance, EMD, has announced that Germany-based Globus will incorporate the total volume for the eastern European locations in Russia and Czech Republic into the EMD agreements. EMD also said that purchase and marketing volumes in Globus’s Germany-based hypermarkets will also be integrated into EMD agreements. Incorporation grows EMD’s reach The addition of Globus to...
17 November 2016
Ahold Delhaize has announced third quarter results saying pro forma net sales rose by 2.6%, 2.9% at constant exchange rates and by 3.3% excluding gas, to €14.5 bn. The retailer highlighted its on-going strong growth online, but noted how on-going deflation in the US had held back its overall performance in that market. Deflation overshadows growth in US Ahold Delhaize reported its US-based ...
08 November 2016
M&S has announced a major shift in strategy that will see the retailer refocus on growing its food business faster, reduce its estate of clothing and home stores and close loss making operations in international markets. The changes follow the conclusion of a strategic review announced by new chief executive Steve Rowe in May. Sharp fall in half year profits M&S experienced a sharp fall in ...
20 October 2016
Germany-based Globus has reported full year sales for the year ending 30 June 2016 saying gross sales rose 1.2% to €7.08 bn. Performance boosted by home improvement and expansion Globus’s hypermarkets saw flat sales in 2016, at €3.28 bn, while its home improvement division saw growth of 5.5%, to €1.63 bn. The integration of Max Bahr and Praktiker stores boosted its home improvement arm, whi...
14 October 2016
In this update, we look at what has happened at retailers across the region in the third quarter of 2016, including market entries & acquisitions, new store concepts, online & technology developments, loyalty enhancements and new appointments. MARKET ENTRIES & ACQUISITIONS Albania –  SPAR has opened its first stores in the country in partnership with Balfin Group, making Albania the 4...
27 September 2016
We round up developments in central & eastern Europe, including the launch of a new store in Zagreb that aims to raise awareness of food waste; while discounter Penny has begun selling non-standard shapes and sizes of fresh produce in-store at a discount in the Czech Republic. Surplus store offers discounts of 50-90% The new store in Zagreb offers shoppers factory surpluses at a discount of...
08 September 2016
Lidl is going to increase the competition in the value fashion retail market, while engaging with young shoppers via an augmented app. Pop-up fashion store Lidl in Germany has opened its first pop-up fashion store at a premium high street in Hamburg surrounded by designer shops like Louis Vuitton, Jil Sander, Prada and Gucci. For the period of 10 days Lidl will be offering its new fashion...
16 August 2016
Lidl is building a new data hub which enables the discounter to analyse robust data. It is investing in the software as well as human resources. Better assortment optimization Lidl will upgrade its warehouse data and install new IT tools with the aim to create better market and shopper insight, gain competitive advantage and have support by taking strategic decisions. According to Lebe...
26 July 2016
In our recent Lidl report we have highlighted five strategic initiatives of the discounter: 1. Health and Well-being as drivers of product innovation 2. Brands where needed 3. Pan-European sourcing and vertical integration 4. Creative marketing and communication via social media 5. Large formats, city formats and metropolis, multi-channel the last of which could have a significan...