In its Q3 2019/20 results, Metro reported a 17.5% decrease in like-for-like (LFL) sales, compared to the previous year, driven by the Coronavirus (COVID-19) pandemic and its negative impacts on the hospitality sector. However, as of July this year, Metro noted that sales had recovered to the previous year’s level in its Hotels, restaurants and catering (HoReCa) division. Germany: like-for-like...

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...

In 2018 Alibaba and Amazon entered the Turkish market. The former made a strategic investment in a local ecommerce retailer, while the latter launched a dedicated website for its service in Turkey. This marked a paradigm shift for the online channel in Turkey, encouraging retailers like CarrefourSA and Migros Turk to invest to expand their digital presence. CarrefourSA partners with marketpl...