Czech Republic news

16 April 2014
Tesco has reported full year sales growth of 0.3% to £70.9bn (incl VAT) and trading profit down 6.0% to £3.3bn, delivering results that reflect the challenging and fast changing markets in which Tesco operates. UK: "difficult and more competitive trading environment" In its domestic UK market, Tesco's same store sales fell 1.4% (on an ex VAT ex fuel, IFRIC13 compliant basis, -1.3% ...
08 April 2014
Rossmann released its annual results for 2013, in which it saw sales growth of 11.6%, despite pressure from the discounters in a tough second half of 2013.  Double-digit growth for a 16 th consecutive year Rossmann turnover for 2013 was €6.64bn, up 11.6%, from €5.9bn in 2012. Rossmann’s Central Europe division (Poland, Hungry, Czech Republic, Albania and Turkey) saw overall growth of 10.7%, ...
04 April 2014
Laurie Mcllwee, Chief Financial Officer and Executive Director at Tesco has decided to step down from his position and resign from the company. Mcllwee to stay in role until new CFO is appointed Recent press reports had suggested that such a move was on the cards, with Tesco taking the decision to confirm such rumours. To ensure a smooth handover Mcllwee has agreed to remain in his role whi...
25 March 2014
Iceland has recently opened its third Czech store in Prague where it plans to focus future expansion.  Store located in upmarket district Iceland's first Prague store is situated just off the city's upmarket Vinohrady district. At 300 sq m it is bigger than Iceland's first Czech store, located in Plz en, which opened in 2012. A year later in 2013 Iceland opened its second Czech store in ...
18 March 2014
Celesio has announced a slight fall in sales for the fiscal year 2013 while reporting continuing progress in its broader strategy. Group revenue decrease by 3.9% Total group revenue declined by 3.9% from €22,270m to €21,407m in 2013. Celesio attributes the deconsolidation of the Czech operations in November 2012 and the Irish wholesale operation in May 2013, along with currency effects, to this...
11 March 2014
Ahold has entered into an agreement to acquire SPAR's stores in the Czech Republic. The agreement covers 50 stores, of which 36 are compact hypermarkets and 14 are supermarkets. Ahold sees "unique opportunity" Ahold believes the two companies have a natural fit, as the SPAR stores have a strong fresh assortment, are well-maintained and have excellent locations including Prague and Brno...
03 March 2014
March 2014 marks the third anniversary since Philip Clarke took over the helm of Britain's largest grocery chain. We examine what has happened in this time and what the future may hold for Tesco. A hard act to follow... After years of successful growth under Sir Terry Leahy, Clarke has had to deal with significant change both outside and inside the organisation over the past three years. So...
26 February 2014
Following this week's investor presentations, we explore three key messages from Philip Clarke, Group Chief Executive Officer and the Executive Committee on Tesco’s key strategic priorities: investment in the UK business, establishing multichannel leadership and pursuing disciplined international growth. Cap-ex and new space reduced Measures taken to free up resources include a reduction...
16 January 2014
Netherlands-based Ahold has announced fourth quarter and full year results. At the same time the retailer also announced a number of organisational changes in Europe. Consolidated sales contract in Q4 The retailer said that during its fourth quarter it generated consolidated net sales of €7.5 billion, a decrease of 1.1% on the previous year at constant exchange rates. In the US fourth quarter...
09 January 2014
Tesco has released its Christmas trading results for the six weeks to 4 January 2014, with group sales down 0.6% inc. VAT exc. fuel (-1.1% at actual exchange rates). Increasingly multichannel Christmas but UK challenges persist In the UK sales over Christmas declined 0.6% (inc. VAT exc. fuel), with LFL sales slowing compared to the performance in Q3, down 2.4% (exc. VAT, exc. fuel). Tes...