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Central and Eastern Europe outlook 2021

What's set to shape the retail market in Central and Eastern Europe over the next 12 months?

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Latest News

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As Netherlands-based Picnic enjoyed a doubling in turnover in 2019 and Farmy tripled its sales in 2020, we look at four developments in the online channel across Europe.

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Agrokor’s retail business, Konzum, reported revenues of HRK4,739m (€639m) for the first half of 2018. This included the company's Croatia and Bosnia-Herzegovina (BiH) operations. The retailer is on course to recover in 2018. We forecast Konzum sales will grow by 1% to HRK9,300m (€1,253m) for the year. This is an improvement on its performance in 2017. Source: www.agrokor.hr Kon...
Agrokor Group reports a 12% decline in sales in 2017 for the retail and wholesale business segment – that primarily consists of the Konzum banner - to reach HRK 31.2mn (€ 4.2mn). Although profitability reported an improvement of 19% following some cost optimisation changes, and closure of unprofitable stores in the same year. Ceased supplier trading in first half of 2017 started decline in sa...
In December 2017, Agrokor announced it will move its headquarters from its well-known Cibona business tower to a smaller office location to accommodate the reduced number of employees. This reflects some of the major changes the state-administered company will face in 2018, the key one being the new ownership of the company by its creditors as announced by the state appointed administrator for Ag...
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