Czech Republic news

26 May 2015
Schwarz Group has reported a strong sales growth of 7% year to €79.3 bn in the financial year 2014. Lidl reports strong revenue growth Schwarz Group has reported a strong net sales growth of 7% year to €79.3 bn in the financial year 2014. Lidl’s revenue grew by 9% to €59 bn year on year, while Kaufland’s revenue accounted for €20.3 bn, up 2.8%. Lidl operated around 9,800 stores out of whi...
12 May 2015
Ahold and Delhaize Group have confirmed that they have begun preliminary discussions that could lead to a merger of the two groups. The merger would create a retailer with revenues of around €60bn and 6,600 outlets, with c.57% of revenues generated and a third of stores in the US. Indeed, US operations could potentially benefit most from this move. Synergies in the US as retailers approach dea...
08 May 2015
Metro Group has introduced its new operating model, which is based on greater decentralisation and empowerment, more entrepreneurship and better, faster decision making. We attended its investor day to learn about how this will change the business structure and growth potential.  With this model Metro Cash & Carry is moving from a transactional cash & carry model to one of partnership, offerin...
22 April 2015
Speaking at the company’s annual general meeting last week, Ahold’s chief executive, Dick Boer, discussed its successful 2014 performance and looked at its medium term strategy for growth. We review five key points that stood out from the presentation. 1. Reshaping retailing strategy to remain In contrast to a number of other leading global retailers who have changed or been forced to adapt...
22 April 2015
Five things you need to know about Tesco's 2014-15 full year results.   1. Getting core UK trading right remains the absolute focus and there are improving signs emerging This is the right emphasis given the importance of this area to the overall business. Service, availability and price - in that order - were cited throughout today's presentation as pillars of the investment in the customer ...
31 March 2015
With turnover up 2.4% to €51.1bn, and an impressive EBITDA increase of 14.9% to €1.35bn, Rewe Group's results for 2014 show solid growth across Penny discount stores and "full range" stores alongside growing aspirations in convenience and online.     Germany: "Full range" division outperforms discount Full range stores, the REWE supermarket division, grew turnover by 3.4% to €16.9bn. Key hi...
30 March 2015
Tesco continues its restructure at home and internationally, with news of a new European management team, the merger of its London division into its south team and the first of its UK property sites being put up for sale. New European management team will help build greater synergies Tesco is to merge its Polish, Czech, Hungarian and Slovakian management teams in a move that is set to deliv...
23 January 2015
Tesco has unveiled the Tesco Supplier Network , a new interactive platform that aims to bring together Tesco employees, suppliers and producers from around the globe. Supply chain efficiencies The website, which is open to all of Tesco’s suppliers and producers, focuses on supply chain efficiencies, product and packaging waste reduction and sustainability as well as updating members on lat...
22 January 2015
2014 was a year of extremes in Central and Eastern Europe. While some retail markets, like Poland, were affected by deflation, Russia and Ukraine faced double-digit food inflation. The development had a massive impact on retailers’ financial results. While one of the best recent performers, Biedronka, reported negative like-for-like sales -0.8% in 2014, retailers in Russia profited from December’...
19 January 2015
Both Aldi and Lidl are looking to open larger stores to accommodate more products and become a "one-stop destination" for shoppers.   Aldi and Lidl - aiming to be a "one-stop destination" This strategy fits well in the UK, where, according to  ShopperVista , 69% of food discount shoppers would use a discounter if they could do their main shopping there. Moreover, 42% of food discount sho...