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Luxury retailers' sales, profit up in ČR in 2007

(1.8.2008)
Prague, July 31 (CTK) - Shops selling luxury goods have been doing well in the Czech Republic, their sales and profits rising thanks to growing demand, CTK has learned. Czechs are more frequent customers owing to their rising incomes and the firming ...

Delvita ends 2007 with CZK 850m loss in ČR

(26.6.2008)
The firm Delvita, which sold its 97 supermarkets to retail chain Billa in June 2007, had a Kc850m loss last year, and losses accumulated in the previous years were worth Kc2.812bn, according to a contract on the takeover of Delvita's assets. The ...

Czech shopping mall boom looks set to continue

(9.6.2008)
The Czech Republic has seen a massive increase in the number of shopping malls in recent years, with around 60 of them dotted around the country. Rare a decade ago, large shopping centres are now part of the everyday lives of millions of Czechs. And ...

SPAR Posts Sales of E27.7 Billion for 2007

(4.6.2008)
Speaking at the International SPAR Congress in Cannes on June 3rd Dr Gordon R. Campbell informed the 190 delegates representing 30 SPAR Countries that SPAR had another good year in 2007. SPAR's worldwide retail sales grew to Euro 27.22 billion from 1 ...

Retail chains' spending on ads tops CZK 2.5bn in 2007

(26.5.2008)
Czech retail chains invested more than Kc2.5bn in advertising in 2007, with major part of their gross ads spending going into TV commercials and ads in the press, data by company TNS Media Intelligence have shown. Retail chains made up around 5 ...

Lidl cuts loss in ČR in 2006/2007

(14.4.2008)
The Lidl CR discount chain sustained a Kc43m loss in the Czech Republic in the business year 2006/2007 ending in February, a drop from Kc880m loss in the business year 2005/2006, CTK learnt from Lidl's financial statement Tuesday. Sales increased by ...

Survey: Hypermarket expansion slows down in 2007

(6.4.2008)
Hypermarket numbers in the Czech Republic rose by 16 year-on-year to 231 stores at the beginning of this year, a slowdown that experts attribute to the fact that all large towns are already saturated and retail chains are looking for localities in sm ...

Entrance of Aldi may lead to cheaper food in Hungary

(25.2.2008)
There will soon be another place to buy cheap staples in Hungary, with the entrance of German discount grocer Aldi onto the Hungarian market. Meanwhile, according to business daily Napi Gazdaság, analysts predict that the arrival of Aldi will lead to ...

Entrance of Aldi may lead to cheaper food in Hungary

(18.2.2008)
There will soon be another place to buy cheap staples in Hungary, with the entrance of German discount grocer Aldi onto the Hungarian market. Meanwhile, according to business daily Napi Gazdaság, analysts predict that the arrival of Aldi will lead to ...

Retail chains consolidate market positions in 2007

(3.2.2008)
Large retail chains on the Czech market further consolidated their positions in 2007, and the 200 biggest firms generated sales worth a record Kc516bn between Oct 2006 and Sept 2007, according to Czech Statistical Office data published by the Czech C ...

Top 10 retail chains post record sales in 2007

(28.1.2008)
The ten largest retail chains in the Czech Republic saw their sales rise by Kc31.3bn on the year to a record Kc289.1bn last year, according to preliminary results published Wednesday by the Incoma Research company and the Moderni obchod magazine. ...

Law eases prescription controls

(25.11.2007)
In the near future, the quest to purchase medicine in the Czech Republic may become less daunting. As of next year, pharmacies should be able to provide several hundred more over-the-counter drugs, thanks to a new medicine bill passed by the Chamber ...

Labels not always indication of quality

(14.10.2007)
Product quality has increasing importance for catching the consumer’s attention. Based on that, manufacturers and producers have discovered a new marketing tool in quality labels. Bio” is one of the labels currently applied to mark the high ...

Ikea to double stores by 2017

(28.9.2007)
Czech furniture chain Ikea Česká republika raised sales to a preliminary Kč 5.65 billion in the financial year ending Aug. 31, from Kč 4.8 billion a year earlier, said Andrew North, Ikea sales director for the Czech Republic, Hungary and Slovakia. ...

Mikloš: Euro nie je ohrozené dôchodkovou reformou, ale politikou vlády

(13.9.2007)
Správa o tom, že Eurostat spochybnil slovenské čísla o deficite verejných financií za minulý rok, je podľa opozičnej SDKÚ-DS ďalším dôkazom toho, že prijatie eura na Slovensku je ohrozené. "Nie je ohrozené dôchodkovou reformou, ako tvrdí predseda vlá ...

Interspar hypermarkets see loss increase to CZK 574m in 2006

(21.8.2007)
SPAR Ceska obchodni spolecnost (SPAR COS) retail chain operating 24 Interspar hypermarkets and one Spar supermarket sustained a loss of Kc574.7m in 2006, up from Kc167.9m in 2005, CTK has learned from the company's annual report. "The loss was p ...

Germany’s Aldi arrives on Romanian market

(14.8.2007)
German-based company Aldi, the world’s tenth-largest retailer, which boasts a global turnover in excess of €39 billion ($53.6 billion), has entered the Romanian market by setting up a firm that is entirely controlled by an Austrian subsidiary of the ...

Czech Organic Market will quadruple by 2011

(28.5.2007)
The turnover of organic food in the Czech Republic grew by 250 million CZK and reached 760 million CZK (€ 27 million) in 2006, growing by impressive 49 %. The Czech organic food market was thus probably the fastest growing market in Europe last year. ...

SPAR Austria reports 18% sales increase in Czech Republic

(15.4.2007)
SPAR Austria's subsidiary in the Czech Republic has announced that its sales rose by 17.9% to CZK11.5 billion (USD508 million) in 2006. According to country director Martin Hruska, the group will open three hypermarkets and four supermarkets in 2007, ...

Globus CR hypermarkets raise profit to Kc284m

(1.4.2007)
Net earnings at Globus CR, which operates a hypermarkets network of the same name in the Czech Republic, rose by Kc120m to Kc284m in the business year ending in June 2006, CTK learnt from the firm's financial statement. On the other hand, sales in ...

Baumax Czech unit raises 2006 turnover to record Kc6.5bn

(26.3.2007)
Czech do-it-yourself chain Baumax CR, an arm of Austrian group Baumax, increased turnover by five percent on the year to a record Kc6.5bn last year, Baumax CR spokesman Ivo Rehak told journalists today. Gross earnings amounted to some Kc180m in 20 ...

EU inquiry deadline into Rewe buy of Delhaize's Delvita stores April 25

(20.3.2007)
The European Commission said the deadline for its inquiry into German retail group Rewe AG's proposed 100 mln eur acquisition of Delvita, the Czech business of Belgian supermarket group Delhaize SA, is set for April 25. Rewe operates Billa superma ...

CzechRep has 2,223 filling stations, 12 more than year ago

(28.2.2007)
The number of regular filling stations selling at least two types of petrol, diesel oil and providing services rose in 2006 to 2,223, and there were 12 more than in 2005, Milada Smahova of the Czech Association of Oil Industry and Trade (CAPPO) told ...

Major Global Demand Trends According to GfK Roper Consulting will be presented at Retail Summit 2007

(13.2.2007)
To find out which products have the best chances in the world markets now and in the future, manufacturers and retailers have to be virtually prophetic to predict consumer trends. The GfK Roper Consulting has been monitoring global consumer trends vi ...

Life after Delvita?

(15.12.2006)
If we get an Albert, I'm outta here. That was my first thought on hearing the news that the Belgian company that owns the Delvita supermarket chain is pulling out of the Czech Republic. Apparently it can't make money here. That seems odd, since th ...

German retail chain Aldi to be branded as Hofer in Hungary

(28.11.2006)
Aldi, Germany's largest discount retail chain, will open its first shop in Hungary under the Hofer name, as in Austria, Napi Gazdaság reports. The market entrance of the retailer known for its aggressive pricing policy is expected in 2008. In the fir ...

German Schlecker buys Droxi

(22.11.2006)
German chemist's Schlecker will take over all 130 Czech outlets of Droxi, iDnes reported Monday. Schlecker, the largest German chemist's chain with over 10,000 outlets, has 19 shops in the Czech Republic, mostly in border regions. Schlecker m ...

CZECH REPUBLIC: Spar plans opening of 150 stores – report

(12.11.2006)
The Spar Ceska retail chain has reportedly said that it intends to expand its network of small-scale supermarkets in the Czech Republic, with plans to open up to 150 outlets in the next five years. The retail chain currently operates 23 Interspar ...

Esso puts Czech petrol stations up for sale

(5.11.2006)
Petrol station chain Esso has put 41 Czech stations up for sale because of a change in the business plans of its owner Esso Deutschland, Euro Online reported Thursday. Esso executive in the Czech Republic Seppo Parikka declined to comment on the i ...

Plus-Discount sees profit down at CZK 85.3 million in past business year

(31.10.2006)
The Plus-Discount retail chain which operates the network of Plus discount stores in the Czech Republic netted CZK 85.3 million in the business year ending in April 2006, after a net profit of CZK 269.86 million the previous year, CTK has learnt from ...

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