Czech Republic news

14 January 2016
Tesco has released a highly encouraging set of Christmas and Q3 results which demonstrate the rapid and far reaching turnaround of the business in both the UK and international markets.  1.3% UK LFL Christmas growth Tesco's UK LFL result (for the six weeks to January 9th) is the strongest of the major players of this reporting season, providing clear proof that Tesco's complete overhaul of...
10 December 2015
After much speculation on when Lidl will launch its first stores in Serbia, the discounter has revealed that the construction of its first outlet should be ready by the end of March 2016 in the city of Smederevo. Lidl: more facilities and a logistics centre to come In a statement from Lidl Serbia, the retailer revealed, ‘Our company is currently in the phase of expansion and the purchas...
11 November 2015
Netherlands-based Ahold saw net sales rise by 1.7% at constant exchange rates, including gas, to €8.44 bn, enjoying growth at all its operations. The results saw Ahold highlight the importance of its performance in the fresh category and online in both its home market and in the US. Identical sales up 1.8% in US Although at constant exchange rates net sales contracted by 1.4% to €5.2 bn, wi...
22 October 2015
Lidl has announced top-level executive changes in Austria and Poland, while Schwarz group CEO Klaus Gehrig opens up about the business in an exclusive interview with Dutch magazine, MT setting out the aim of generating sales of €100bn in the next five years. As part of the retailer's aim to reach the target, its recently announced expansion in France and the launch, in Germany, of its onlin...
07 October 2015
Following Tesco's interim results, we highlight five ways in which the retailer's new strategy is delivering positive outcomes. 1. UK recovery is on track  Tesco's ongoing investment into the customer offer though service, availability and price is driving a return to positive volume growth and an improved UK sales performance. Tesco has delivered a steady and consistent improvement in like...
01 October 2015
Despite much speculation, Tesco's Chairman has confirmed that the retailer has not discussed any further material overseas disposals of its operations. South Korean disposal approved by shareholders At a meeting for shareholders, where the retailer's sale of its South Korean operation was approved, the Tesco Chairman, John Allan, commented that the business was not in discussions to sell...
22 September 2015
We round up some of the latest ecommerce developments to watch from the region’s leading retailers including advancements in Poland, Romania and Hungary; Agrokor’s strategic online project and what’s happening in click & collect. This article was written by Harriet Cohen,  Senior Retail Analyst in IGD's international researc...
20 August 2015
Netherlands-based Ahold has announced second quarter results, we review what the retailer has said through five of the key numbers that it released. 17.1%: Ahold’s sales growth globally In the second quarter net sales rose 17.1% to €8.7 billion, albeit by 3.1% at constant exchange rates. The retailer noted that it had enjoyed ‘a strong quarter’ and that it had been ‘pleased with the financi...
24 June 2015
Netherlands-based Ahold and Belgium-based Delhaize have confirmed that they intend to merge, with the two retailers targeting a completion date of the middle of 2016. The retailers say that the merger will require regulatory clearances, but do not expect any issues. Ahold and Delhaize say that the combination of the businesses will create a retailer, to be called Ahold Delhaize, with more than...
27 May 2015
Netherlands-based Ahold has announced first quarter results saying that sales rose by 1.4%, at constant exchange rates, to €11.3 billion, driven by the strength of its Netherlands operations, which includes stores in Belgium and Germany. Net sales rise strongly in the Netherlands Ahold said that net sales rose by 5.7% to €3.75 billion, aided by identical store sales growth of 2.5% and compa...