Czech Republic news

28 September 2017
We round up the latest news from Ahold Delhaize in the US and Europe where CEO Dick Boer talks about the future, while the retailer innovates in health, CSR, online and health & beauty. Ahold Delhaize CEO: ‘make the store more exciting’ In a recent interview with Bloomberg , Ahold Delhaize CEO Dick Boer highlighted that supermarkets must be exciting places to visit to compete with Amazon...
26 September 2017
Tesco CEE faced a small decline in sales in 2016 and expects marginal growth in 2017. Tesco's CEO for Central Europe, Matt Simister, announced that the retailer will tackle this flat performance by building on store productivity across the region. The Tesco CEE initiatives will tighten its assortment, reduce the sizes of its large format stores, offer more relevant SKUs in its small formats, and ...
25 September 2017
Lidl launches online store in the Czech Republic, but grocery will not be part of the e-commerce offer. The online launch in the Czech Republic follows the introduction of an online shop in the Netherlands and Belgium in 2016, and the adding of products on Alibaba-owned Tmall in China earlier in 2017. Lidl also followed up with the launch of online meal boxes in Switzerland earlier in Septemb...
09 August 2017
Ahold Delhaize has released its Q2 results, reporting that pro forma net sales increased by 3.4% to €16.0bn (up 1.9% at constant exchange rates). Q2 net profit increased by 68% to €355m, driven by savings from the merger between Ahold and Delhaize. Ahold: USA & Netherlands drive growth, Czech flat performance Within the Ahold side of the business, growth was driven by operations in the USA ...
02 August 2017
We round up the latest news from Lidl as it expands and develops its supply chain as well as it geographic breadth in Central and Eastern Europe. Lidl builds on its distribution network in Poland and Bulgaria Lidl Poland has begun the construction of its tenth distribution centre, east of Warsaw, which is due to open by mid-2018 and will supply stores in the capital city and the surroun...
19 June 2017
Lidl CEE grew by 10% in 2016 to reach EUR 9.2bn making up nearly 14% of the discounter’s global turnover that year. (For full financial results of Schwarz Group click here) . Lidl CEE’s performance was supported by mid-single to double digit growth across the region’s operations. Romania and Czech Republic led the region’s performance whereas Hungary showed the least vigour. We look at what dro...
19 May 2017
Schwarz Group has reported net sales of EUR90.2 bn for the 2016 financial year which ended 28 February 2017, up 5.2%. Even though the Group reported slower growth than in the previous two years when its sales grew between 7% and 9% annually, we consider a 5.2% revenue growth as a strong performance. Lidl outperformed Kaufland in Germany Although Lidl does not publish its profit, ba...
10 May 2017
Ahold Delhaize has released its Q1 results, reporting that pro forma net sales increased by 2.9% to €15.8bn. Pro forma underlying operating income increased by 8.1% to €604m. Synergies: ‘on track’ The retailer also noted that the integration of the Ahold and Delhaize business was ‘on track’ , resulting in net synergies of €56m. Over 60% of these synergies came from America, with the rest c...
10 May 2017
Lidl is reconsidering key investment projects due to complexities and cost implications. Lidl reconsiders project investments due to complexities Lidl has been working on three large investment-heavy projects in the last year. It has been preparing market entry to the USA, it planned to invest in a convenience store concept 'Lidl Express' with click & collect in select stores in Germany...
20 March 2017
Tesco has made two significant changes to its leadership team, with the appointment of new CEO's for both its Asian and European businesses. Tony Hoggett to become CEO of Tesco Asia Tony Hoggett, the existing chief operating officer for Tesco in the UK, has been promoted to CEO for the retailer's Asian business. Hoggett joined Tesco in 1990 and has extensive operational experience in both t...