Czech Republic news

11 September 2020
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...
09 September 2020
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...
02 September 2020
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...
05 August 2020
Ahold Delhaize has reported that its Q2 net sales increased by 15.9% at constant exchange rates to €19.1bn. Performance was largely driven by the COVID-19 pandemic. President and CEO Frans Muller said, ‘The engagement and strong execution of our teams have translated this unprecedented demand in both the U.S. and Europe, due to COVID-19, into outstanding results’ . Changing consumer behaviour...
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 ...