Czech Republic news

26 June 2020
Tesco has reported a huge increase in sales for the 13 weeks ending 30th May 2020 as it responded impressively to the unprecedented challenges of the COVID-19 pandemic. Key figures Group sales: +8.0% (+7.9% LFL) UK sales: +9.1% (+8.7% LFL) inc. online +48.5% ROI sales: +19.7% (+20.5% LFL) inc. online +50.9% Booker: +6.1% (+0.6% LFL) inc. online +106.3% Central Europe exc. Pol...
28 February 2020
Jerónimo Martins has announced plans to expand into three new countries with two of its banners: Biedronka and Hebe. Biedronka is anticipating entering Romania and Hebe is planning to enter Czech Republic and Slovakia, with the latter’s expansion planned for late 2020. The group claims it will invest €750m to reinforce its 2019 activity. Pingo Doce’s short term investment plans Portugal-bas...
20 February 2020
The retailer has launched the Kaufland Card in the Czech Republic and expanded the coverage for its Glovo home delivery service in Romania. These steps illustrate the retailer’s interest in investing in several initiatives to attract shoppers by improving its value proposition or by adding convenient services and solutions. Kaufland Card introduced to second market The Kaufland Card was lau...
12 February 2020
Ahold Delhaize generated net sales of €17.4 bn in the fourth quarter, a rise of 3.1% at constant exchange rates. Its performance was driven by growth in the Netherlands, where net sales increased by 4.5%, and Central and Southeastern Europe, where they were up by 5.4% at constant exchange rates. At a channel level, Ahold Delhaize said net consumer online sales rose 30.1% at constant exchange r...
04 February 2020
Technology and retail companies in Central and Eastern Europe are investing in online retailing. We are seeing developments in Russia, Turkey, Czech Republic and Hungary. Retailers are innovating in logistics and fulfilment services to offer shoppers convenience and to underpin attempts to drive profitability. Meanwhile, companies more widely are investing in services that enable shorter deliv...
09 January 2020
Tesco has delivered a solid performance in a challenging UK market and continued to progress major changes to its European and Asian operations. Headline LFL results     Q3: 13 weeks to 23 Nov   Christmas: 6 weeks to 4 Jan Combined: 19 weeks to 4 Jan UK -0.4 +0.1 -0.2 ROI +2.0 +1.9 ...
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...
22 May 2019
Over the last 12 months, Lidl has expanded its online presence from four countries to 11, including grocery ecommerce operations in five countries. With the discounter accelerating its online expansion we look in-depth at its presence across Europe and the US. Lidl’s online presence Since the beginning of 2019, Lidl has launched grocery ecommerce operations in three countries and a non-gr...
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...
23 January 2019
Ahold Delhaize has released its Q4 results, reporting that net sales increased by 3.0% at constant exchange rates to €16.6bn. Meanwhile net sales for the full year increased by 2.5% at constant exchange rates to €62.8bn. USA Q4 net sales: +2.6% to €9.8bn The retailer’s business in the USA, which accounts for around 60% of sales, saw Q4 net sales increase by 2.6% at constant exchange rates t...