Czech Republic news

15 January 2015
Netherlands-based Ahold has announced fourth quarter results saying that consolidated net sales rose 7.9% – 2.6% at constant exchange rates – compared to the fourth quarter of 2013 to €8.1 billion. The retailer pointed to the continued strength of sales at its operations in its home market, where sales rose by 4.5%, aided by its online businesses Albert Heijn Online and bol.com. Promotional fo...
13 November 2014
Netherlands-based Ahold has announced third quarter results saying that net sales rose by 1.9%, 1.5% at constant exchange rates, to €7.47 billion. The retailer highlighted the ‘improved sales trend in the United States and the Netherlands’, underlining the positive effects of its focused strategic investment in-store and online in its key markets. Against this backdrop we take a look at the pr...
23 October 2014
CEO Dave Lewis outlined three immediate priorities for Tesco following today's results. Strengthening the balance sheet and beginning the long journey back to building trust and transparency in the Tesco business and brand were discussed, but the goal of getting the UK business back on track stood out . From today's results and presentation, we summarise and interpret the insights that emerged a...
23 October 2014
Following Tesco's H1 results, and ahead of our fuller analysis, we share the trading headlines and the key priorities for Dave Lewis and the Tesco business. Tesco H1 in brief: UK like-for-like sales fell 4.6%, with total UK sales down 2.6% . Key drivers of this were the"strong competition across the grocery market, headwinds from price cuts and fewer untargeted promotions".  ...
29 August 2014
Tesco has cut its profit forecast for its 2014/15 financial year, with profits now expected to be in the range of £2.4bn to £2.5bn. down from £2.8bn previously. Plus, in a shock development new CEO Dave Lewis will now join the retailer this Monday (1st September). Profit forecasts and capital expenditure cuts The cut in profit forecast comes alongside the announcement that Tesco will also b...
21 August 2014
Netherlands-based Ahold has announced second quarter results saying sales contracted by 1.1% at constant exchange rates to €7.4 billion with the timing of Easter and investment in price affecting performance. Overview of results By segment, Ahold said: Ahold USA : Sales contracted by 1.7% at constant exchange rates to €4.4 billion. Identical store sales (excluding gas) fell by 1.8% ...
21 July 2014
As Tesco announces Dave Lewis, Unilever Global President, Personal Care, is to take over from Philip Clarke as CEO, we highlight six challenges facing Dave Lewis when he takes up the reins in October.... Challenge 1. How to drive relevant value Philip Clarke has led the business through a challenging period. Market conditions have not been favourable, and he found himself inheriting an u...
17 June 2014
Tesco and Rewe Group have recently started to cooperate with service station operators in line with the growing convenience trend in Central Europe. Tesco’s Zabka has launched its first store at a Lukoil petrol station, while Rewe's Billa has teamed up in a pilot project with Shell. Combining the expertise of Shell and Rewe Group, Billa‘s convenience concept has the potential to be successful...
04 June 2014
Tesco has reported 2014/15 Q1 sales, with group performance -0.9% exc. petrol (-3.8% at actual rates) and -3.2% on a like-for-like (LFL) basis. UK challenges persist but new initiatives should help long-term loyalty Sales in Tesco's domestic market continued to experience challenging conditions, with total sales growth of -1.7% and LFL sales growth of -3.8% (exc.VAT, exc. petrol). Tesco's L...
20 May 2014
Metro Cash & Carry is investing into omnichannel in China. It is upgrading its MetroMall.com banner to let customers order online in either English or Chinese and pick up in the stores. In addition to the click & collect service which will be available in all 77 Metro outlets, the upgraded e-commerce site will become accessible via mobile devices and social media. Click & collect into all its...