Czech Republic news

14 July 2016
As Ahold and Delhaize announce plans to divest almost 100 stores to get regularly clearance for their merger in the US, we look at who is set to benefit. FTC clearance is remaining regulatory approval requirement Ahold and Delhaize Group have reached agreements with buyers to divest a total of 86 stores in a limited number of locations where there is a geographic overlap in their operation...
10 June 2016
Iceland has reported financial results for the year ending 26 March 2016, with total sales falling 0.8% to £2.675bn. LFL sales improve but remain negative Iceland's like-for-like sales for the full year came in at -2.7%, reflecting a decrease in total customer transactions. While Iceland managed to improve its like-for-like sales from the  previous year's -4.4% , the retailer has face...
01 June 2016
As Netherlands-based Ahold announces first quarter results showing total sales rose 4.3%, 3.5% at constant exchange rates, to €11.8 bn, we look at the numbers and the initiatives driving growth. The numbers… Ahold reported that total sales rose 4.3% to €11.8 bn with growth across all its markets. In the US total sales increased by 4.0%, 3.0% at constant exchange rates, in the Netherlands th...
27 May 2016
Schwarz Group has reported revenue growth of 7% to EUR85.7bn in the financial year 2015/2016. Lidl’s revenue grew by 9% to EUR64.4 bn, while Kaufland revenue increased by 4% to EUR21.1 bn. Spain, the Czech Republic and Austria were some of the best performing markets ( Lidl’s double digit sales growth across Europe ). Increased investment The group plans to increase its capex from EUR5.2...
05 May 2016
Discounters across Europe including Aldi Sud, Aldi Nord and Biedronka are opening doors to branded manufacturers and listing more of their brands, while branded manufacturers are increasingly willing to list their product on discounters’ shelves. Why is that? Nestle, P&G and Unilever at Aldi Nestle and P&G in Germany have cooperated with Aldi Sud for a while, however, the number of SKUs...
27 April 2016
In this update, we look at what happened at retailers across the region in the first quarter of 2016, including investment plans, online developments, merger & acquisition activity and changes at the top. INVESTMENT PLANS & NEW STORES Poland • Carrefour is to launch 150 new stores with a focus on the convenience channel and invest €61m in store modernisation in 2016. • Jerónimo ...
19 April 2016
Lidl has reported double digit sales growth in several markets with strong improvements in Spain and extraordinary growth in the Czech Republic. Double digit growth in Spain Lidl almost doubled its revenue growth in 2015. It reported sales of EUR3 bn, up 12.5% in comparison to EUR2,7bn (7% growth) in 2014. Its 2015 capex increased by 27% to EUR262 m. The retailer opened 30 new stores and...
11 February 2016
Metro Group sales in Q1 2015/2016 declined by 1.3% to €17.1 bn due to the exchange rate developments – particularly relating to the Russian rouble. At local currency the sales grew by 0.1%. Metro Group achieved a slight increase in like-for-like sales of 0.1%. Like-for-like sales was up 0.2% at Metro Cash & Carry, making this 10th consecutive quarter with a positive sales trend. Like-for-...
31 January 2016
Only a short time after announcing Asda as a new member EMD has said that existing member Kaufland will be incorporating its Eastern European operations into the buying alliance. In contrast to Asda, Kaufland’s focus will fall solely on branded goods from leading, global manufacturers. Extension adds new Kaufland markets to agreement Kaufland has been a member of EMD, through its associ...
21 January 2016
Netherlands-based Ahold has announced fourth quarter and full year results, noting they were boosted by an additional week. We round up the results by looking at the five key numbers that the retailer announced as it prepares to merge with Belgium-based Delhaize. 11.8% - total sales growth in Q4 at constant exchange rates Although the figure was bolstered by the additional week, Ahold noted...