Central & Eastern Europe news & analysis

05 August 2019
Tesco Poland is restructuring its operations in Poland to focus on its best performing smaller store formats. This will see the retailer, as part of a three-year transformation programme, sell eight of its largest hypermarkets and downsize other stores. Tesco will sell eight hypermarkets… Tesco is finalising the sale of hypermarkets in Bydgoszcz (ul. Torunska), Gdynia (ul. Nowowiczlinska), ...
05 August 2019
Mail.ru formed a joint venture (JV) with state-run bank Sberbank to create a leading Russian O2O (online-to-offline) services platform focused on food and transportation. This follows the signing of a joint venture between Mail.ru and Alibaba in 2018 that will help the former create a Russian-owned online retail ecosystem . What is a retail ecosystem? This is a new model in ret...
01 August 2019
Jerónimo Martins’ group net sales increased 10.3%, with like-for-like (LFL) sales up 7.8% in Q2, enhanced by the Easter calendar effect. Consolidated sales in first half of 2019 increased 5.7% to €8.9 bn, 3.9% contributed by its LFL performance. Positive sales performance Positive Q2 results were seen across the company, influenced by the calendar change relating to Easter and intense promo...
26 July 2019
Carrefour continued to spotlight the positive effect of its strategic initiatives as it announced its Q2 results, which showed an acceleration in group like-for-like sales growth. The retailer said like-for-like sales growth was 3.9% in Q2, versus 3.2% in Q1, driven by its supermarkets and convenience stores in France and operations in Eastern Europe and Latin America. Hypermarkets hold back p...
26 July 2019
Magnit launched a 12-month transformation programme in September 2018. A key aim of the strategy is to return its like-for-like (LFL) performance to growth, following two years of decline. It is looking to do this by developing a new customer value proposition (CVP), which puts a strong focus on the shopper, and a refined pricing and promotional structure. It reached that aim when it reported L...
25 July 2019
Germany-based Metro reported like-for-like sales increased by 3.4%, while total sales rose by 2.8% to €7.6bn (US$8.47bn) in its third quarter. The company said the growth was driven by all regions, excluding Russia. EBITDA, excluding earnings contributions from real estate transactions, totalled €316m (US$351.2m) in the same period, a rise of €11m on the previous year. Delivery sales account f...
23 July 2019
Les Mousquetaires Poland has said its new strategy is helping it to win in the country. In the first half of the year the company said it generated turnover of PLN3.72 bn (US$981.7m), a rise of 5% on 2018’s figure. Broad based growth seen at the company Les Mousquetaires Poland said it had generated a turnover of PLN2.5 bn (US$659.8m) at its Intermarché banner and PLN1.2 bn (US$316.7m) at B...
11 July 2019
SPAR International has announced the brand’s entry into its 27 th European market, Kosovo. Three stores will be opened under the brand by the end of 2019, with it aiming to operate 35 in the country in five years. Opportunities for local suppliers SPAR Kosovo has been set up by a group of experienced partners in FMCG wholesale, retail, food safety and international franchising. Together wi...
25 June 2019
As Carrefour’s chief executive, Alexandre Bompard, says the retailer is not planning to exit any further countries, and its country operations in Belgium and Poland expand their offer, we round up news for the retailer. Bompard: no plans for more market exits… Bompard, in an interview with BFM Business TV, has said the retailer has no plans to exit more countries, following the sale of an...
21 June 2019
Frisco.pl reported a 37% increase in sales in 2018 to reach PLN96.5m (US$25.6m). This continues the double-digit growth rates it has been reporting since 2015. The pure online retailer is set to grow at above the rate for the channel, which we estimate to be around 15% between 2019 and 2023. Frisco.pl is far from profitability, but it is getting there Sales performance is illustrating gro...