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Tesco has reported a very strong set of results in the UK and Ireland, with trading momentum from Q3 accelerating into the Christmas trading period. However it also warned of increasing Covid costs as the pandemic becomes more severe. These are now expected to reach £810m for the full year, up £85m from the previous estimate in October.

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We visited one of the first two Action stores in the Czech Republic that opened on 1 September. It marked the eighth market entry for the variety discounter. Standard model and modern design The standard model has been rolled out in the country: 6,000 products offered at low prices including 1,500 at a price point below CZK25 (€1). But Action continues to improve the overall design of its s...
Tesco has been reporting slow revenue growth, with little to no profitability across its business in central Europe since at least 2017. The retailer has already disposed of much of its business in Asia, putting up for sale its Southeast Asian business , and withdrawing from its joint venture in China . Potentially, the retailer is looking to sell more low performing parts of the orga...
On 27 August, variety discounter Action opened its first two stores in Czech Republic. It now operates in eight countries in Europe, with new market entries potentially following in 2021.  On 1 September it also opened its second import hub, at Wroclaw in Poland, strengthening its supply chain operations in central Europe. Eighth market entry The COVID-19 pandemic has only slowed the expans...

Presentations

18/01/2021
What has been the impact of COVID-19 on sales across Central and Eastern Europe? We have revised our data to show the impact of COVID-19 for the region’s major countries, giving your business a new two-year time horizon of how the pandemic has affected the region. This report will help you answer the following questions: What has been the impact to sales of COVID-19 across Central and Eastern Europe? How will retail be impacted in the ‘new normal’? Where are the growth opportunities for my business? How has this impacted individual countries differently in the region? How will channels grow in Czech Republic, Hungary, Poland, Romania, Russia, Slovakia, Turkey, and Ukraine?
18/12/2020
In this report we take stock of Tesco’s progress as the need to ensure ‘food for all’ and ‘safety for everyone’ during the pandemic takes precedence over long term strategic aims. We also present our forecasts to 2022 as Tesco withdraws from non-core markets and focuses more on the UK under new CEO Ken Murphy.
08/12/2020
Kaufland is building a more relevant offer for shoppers, which differentiates it from rivals, while maintaining control of costs and driving efficiency. The retailer does so by: - sustaining its price leadership in markets where it leads - enhancing range relevance - enriching shopper proposition - developing its sustainability credentials - using it's buying group membership to support favourable trading terms - exploring opportunities in the online channel

Key presentation

Czech Republic country presentation

This guide to the Czech Republic explores the key trends in grocery retail, the outlook for the country’s differing channels over the five year forecast period and the growth strategies of its leading retailers.

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Data

Use our COVID-adjusted forecasts on over 400 retailers in over 180 countries

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We've grouped all the latest European retail news, store visits, retailer profiles and downloadable presentations together in one place.