22 January 2015
2014 was a year of extremes in Central and Eastern Europe. While some retail markets, like Poland, were affected by deflation, Russia and Ukraine faced double-digit food inflation. The development had a massive impact on retailers’ financial results. While one of the best recent performers, Biedronka, reported negative like-for-like sales -0.8% in 2014, retailers in Russia profited from December’...