Central & Eastern Europe news & analysis

02 October 2019
Tesco has announced H1 results, with group sales rising by 0.1%, or by 0.4% at constant exchange rates. Like-for-like (LFL) sales fell by 0.4% at a group level. As part of the announcement, Tesco also said that its group chief executive, Dave Lewis, was to step down and would leave the business in summer 2020. Headline results Group sales: +0.1% to £28.3 bn (+0.4% at constant exchange ra...
27 September 2019
We round up the latest news from SPAR International partners in Georgia, Zimbabwe and Hungary as they expand their store presence. Georgia: 150 th store opening Since its expansion into the market in 2014, SPAR Georgia has grown its store presence at a fast rate. Between 2017 and 2018, the retailer’s store count doubled. There have also already been 51 stores openings in 2019. Most recentl...
27 September 2019
Carrefour and Total have announced they are to collaborate together, an initiative that will see franchised Carrefour Express convenience stores opened on Total gas forecourts. Two stores already in operation Carrefour has already opened two stores on Total forecourts in Stolno and Strzyzawa. The agreement with Total is Carrefour’s second franchise contract, following the signing of a simil...
25 September 2019
Following its exit from Italy, Auchan is continuing to invest elsewhere in Europe to grow its store base. Recent announcements have seen country operations in Poland and Portugal discuss growth opportunities. Auchan targeting expansion in Lisbon… Speaking at the reopening of a store in the city, Auchan Retail Portugal’s general director, Pedro Cid, discussed how the retailer wanted to opera...
06 September 2019
Auchan Retail generated revenue of €22.7 bn in the first half of its financial year, a fall of 2.4% at current exchange rates and by 0.4% at constant exchange rates. On a like-for-like basis, Auchan Retail said revenue fell by 0.8%. The retailer reported the performance of its operations in 12 countries, i.e. excluding Italy and Vietnam, and had restated them due to its concession agreement with ...
22 August 2019
In 2018 Alibaba and Amazon entered the Turkish market. The former made a strategic investment in a local ecommerce retailer, while the latter launched a dedicated website for its service in Turkey. This marked a paradigm shift for the online channel in Turkey, encouraging retailers like CarrefourSA and Migros Turk to invest to expand their digital presence. CarrefourSA partners with marketpl...
20 August 2019
Three of Turkey’s leading six grocery retailers, BIM, Migros Turk and Sok, reported sales growth rates between 25% and 40% for the first half of 2019. This is above the market’s 15% increase for the year that IGD estimates. These retailers managed to grow above the 15.7% price inflation, as reported by the Central Bank of Turkey, due to their strong store expansion, with all the retailers addi...
15 August 2019
ICA has released its first half results, reporting consolidated net sales increased by 3.9% to SEK58,627m (US$6.1bn). Operating profit excluding items affecting comparability was SEK2,490m (US$259m) while cash flow from operating activities was SEK4,737m (US$493m). CEO: good H1 but more to do Commenting on the results, CEO Per Strömberg said, “I can affirm that we have had a good first ha...
07 August 2019
We look at how SPAR International partners are investing in their store networks in Spain, Hungary and India. Spain: opens new stores and modernises existing stores In the last two months of Q2 2019, SPAR Spain opened three new stores in Gran Canaria, Mérida and Tossa del Mar. The stores have added 1,800 sq. m of space to the retailer’s overall store network. SPAR will continue to invest...
07 August 2019
Ahold Delhaize has reported its results for the first half of 2019, with net sales at constant exchange rates increasing by 1.5% to €32.2 bn (US$36.1 bn). Net income at constant exchange rates decreased by 9.1% to €769m (US$861.0m). USA: net sales at constant exchange rates +0.7%, online +13.7% In the USA, which accounts for around two thirds of the retailer’s business, net sales at constan...