Central & Eastern Europe news & analysis

03 May 2019
ICA released its first quarter results, reporting consolidated net sales increase of 2.8% to SEK28,098m (€2.7bn) and net profit of SEK813m (€77.4m). Sweden and Lithuania continue to be the markets where the group experiences the strongest growth. Sweden: net sales +2.2%, driven by prices at retail and volumes at wholesale In its home market, ICA reported consolidated sales of SEK19,793m (€...
30 April 2019
Both companies reported a decrease in group net sales during the first quarter. From a retail point of view, Kesko said it performed much better and gained market share, thanks to growing in-store traffic and strong online sales. Kesko’s retail sales grow by 1.5% Kesko released its first quarter sales, reporting net sales of €.,4bn, with like-for-like sales decreasing by 0.6%, partly due to...
16 April 2019
As Carrefour looks to improve the experience for shoppers of its hypermarkets on a global basis, we round up developments from country operations as they look to make its largest store relevant for today and in the long term. Carrefour trialling Quitoque click and collect concept Using the Quitoque recipe box solution, Carrefour has launched a trial of a click and collect solution at five s...
16 April 2019
As part of its ongoing strategy of improving the experience it offers shoppers, Lidl is investing in different payment solutions across countries in Europe. These include scan and go and self-checkouts. Reducing queuing times in Paris Lidl is testing, in one of its stores in Paris, a scan and go app, called SHOP&GO, to cut queuing time at tills. The app is already in use in Portugal and if ...
11 April 2019
Reitangruppen has reported its 2018 results, with REMA 1000 discount turnover increasing by 4.8% to €7.3bn, while Reitan Convenience turnover increased by 1.4% to €1.7bn. REMA 1000 turnover increased by 4.8% to NOK 70.2bn (€7.3bn) REMA 1000 turnover including franchises increased by 4.8% to NOK 70.2bn (€7.3bn). Operating profit increased by NOK 243m to NOK 1.9bn (€197.9m), which represents ...
10 April 2019
As part of Carrefour’s corporate aim to adapt its model and organisation to be a leader in food transition for all, we look at initiatives and campaigns being launched by its operations across Europe. Carrefour looks to limit consumption of plastic in Poland and Spain Carrefour Poland is enabling shoppers at its Fordon Gallery store in Bydgoszcz to bring their own containers and bags to lim...
10 April 2019
As Edeka and Rewe announce initiatives in their home market, we round up news from the retailers. Edeka to expand organic focus As shopper interest in organic products grows, Edeka has rumoured to be investigating opportunities to launch a format specifically aimed at such ranges. Trade publication Lebensmittel Zeitung said Edeka would use the Naturkind brand for both standalone stores and ...
03 April 2019
Germany-based Rewe Group announced revenues rose 4.7% to €61.2bn. Its performance was driven by growth both in its home market, where revenues increased by 4.5%, and internationally, where they rose by 5.2%. “REWE Group is on a healthy growth trajectory, both nationally and internationally. In 2018, we once again profited from our huge investments made in previous years in the modernisation an...
28 March 2019
Kaufland’s latest developments in the first quarter of 2019 include the appointment of a new interim CEO, rumours it could purchase 100 Real hypermarkets and in Romania a new loyalty programme and cosmetics shop-in-shop concept. Kaufland has new interim CEO Kaufland’s parent company, Schwarz Group, selected Klaus Gehrig as a temporary CEO following the departure of Patrick Kaudewitz, who ha...
28 March 2019
Turkey’s Agricultural Credit Cooperative or Tarimsal Kredi Kooperatifi (TKK) will sell fruits and vegetables to national retailers. A101, BIM, Carrefour, Migros and Sok will buy agriculture produce from the TKK at no margin and are obliged to sell them on at the same price of purchase. This is to help subdue food price inflation, which reached over 30% in January 2019. This is part of tanzim s...