Central & Eastern Europe news & analysis

13 February 2019
Germany-based Metro has reported its first quarter results saying total sales fell by 0.6% to €8.0bn. Metro said in local currency terms sales had risen by 2.1%, with the fall in sales ‘ due to the negative development of the Russian and Turkish currency ’. However, the company was able to report that like-for-like sales had risen by 2.3% during the period, with it noting this was ‘ mainly driven...
13 February 2019
We round up the latest developments from leading Nordic retailers as they invest in supermarkets, convenience, online and foodservice. Norway: NorgesGruppen’s MENY tailors formats with 'Gourmet' and 'Urban' offer NorgesGruppen’s MENY supermarket banner is launching two new internal classifications for its MENY supermarket banner. Internally, formats will be classifed as 'Gourmet' and 'U...
13 February 2019
France-based Leclerc said its sales (including VAT but excluding petrol) increased by 1.5% to €37.75bn in its 2018 financial year. The retailer said its Drive stores underpinned performance, with its grocery-focused bricks and mortar sites showing limited growth in sales. Drive underpinning performance Leclerc said sales rose by 6.9% at its Drive stores, a slow down on the 10.3% increase in...
13 February 2019
Russia’s retail market in 2018 faced stagnant household incomes and food price inflation. This led shoppers to become more economical with their spending. As a result, retailers had to compete more for their share of spend in groceries, which has led to a slowing in real sales growth rates. We look at the 2018 full year results and highlight how the leading Russian retailers managed in the fac...
12 February 2019
Hungary’s competition authority (GVH) has approved MediaMarkt’s acquisition of Tesco’s electronic business in nine of its stores. Although this impacts a small number of its 112 hypermarkets in the country, there are clear benefits to be gained by both retailers. Repurposing store space is already part of Tesco Central Europe’s strategy… Matt Simister, Tesco Central Europe CEO, announced ...
07 February 2019
ICA has reported that 2018 consolidated net sales increased by 5.4% to SEK 115,354m (€11bn). Operating profit excluding items affecting comparability marginally increased to to SEK 4,651m (€446m). Meanwhile, Axfood reported that consolidated net sales increased by 4.6% to SEK 48,085m (€4.6bn). Net profit increased by 7.5% to SEK 1,577m (€148.9m). ICA Sweden: net sales +3.9% ICA Sweden saw ...
06 February 2019
The ‘last mile’ has become an increasingly competitive place, as the food industry and disruptors continue to create solutions that make online shopping even more convenient. We know that the convenience and ease of online shopping is extremely appealing to shoppers. We’ve identified several examples of last mile solutions that help online shoppers embrace this convenience. Increase in un...
31 January 2019
Russia’s top two retailers, X5 and Magnit, have added small in-store concessions of Post Bank in several stores as part of pilot projects being run by them both. These are in partnership with Russia Post, the parent of the banking service. Capitalising on the traffic generated by post offices and banking services will help both in their attempts to halt their declining or marginally growing like-...
31 January 2019
We look at how Carrefour is investing in its organic ranges and offer in France and Poland as it rolls out its Act for Food initiative. France: co-creates organic crowdfunding project Carrefour France has joined with other food companies to launch ‘MiiMOSA Transition’, a crowdfunding project that will support farmers as they switch to organic production methods. Food group Herta and coopera...
29 January 2019
Magnit and X5 have been investing in a range of supply chain initiatives to boost cost efficiencies. This is crucial to both retailers as they look to protect their profit margins, so they can sustain their 1,000-plus annual store opening strategies. From consolidated delivery to various transport modes, we look at how Russia’s top two retailers are looking to benefit. Magnit and X5 opt for co...