Central & Eastern Europe news & analysis

30 March 2022
The SPAR Austria Group saw its food businesses, which operate in Austria, Croatia, Hungary, northern Italy, and Slovenia, grow sales by 4%, to €15.09 bn. SPAR Group noted its performance across all its operates had been significantly impacted by the on-going effects of the pandemic. Positive performance in its home market SPAR Austria reported its food retail business enjoyed sales growth o...
29 March 2022
Les Mousquetaires reported its total net sales, excluding fuel sales, rose 1.8% to €35.28 bn. Including fuel, the company said total sales net sales increased by 7.2% to €45.28 bn. The organisation’s retail division drove growth, with its Agromousquetaires agri-food division enjoying a sales increase of 0.4%, to €4.2 bn. Grocery banners see sales breach €30 bn mark (excluding fuel) Les Mous...
22 March 2022
As Biedronka looks to expand its quick commerce service in Poland and Tesco is growing the coverage for its ecommerce store in the Czech Republic, we round up news from the region. Biedronka evolves strategy for ‘digital convenience’-focused future… Poland-based trade publication Wiadomosci Handlowe has reported that Biedronka is expanding its Biek quick commerce delivery solution, which ...
10 March 2022
Jerónimo Martins has announced its FY2021 results, revealing a positive performance across all countries where it operates, Colombia, Poland, and Portugal. Positive sale growth Jerónimo Martins saw sales grow 8.3% to €20.9 bn in 2021, with like-for-like (LFL) sales rising 8.0%. The retailer revealed the positive results were supported by the cumulative effect of all banners and their drive ...
03 March 2022
Poland’s leading retailer Biedronka and the Jeronimo Martins group were among the first retailers to react to the Ukraine crisis. Netto Poland and Circle K are also supporting refugees entering the country. All these retailers are showing their support during this difficult time for the people of Ukraine. Donation of €7 million for humanitarian aid Jeronimo Martins announced it will donate ...
25 February 2022
Auchan Retail reported its turnover was down by 1%, to €30.5 bn, or by 2.2% on a like-for-like basis. The retailer said its results were impacted by continued challenges in France, while following strong growth in 2020, Auchan’s results in 2021 in Spain and Portugal ‘ suffered by comparison ’. France: total sales down 2.6%, down 4.6% on a like-for-like basis Auchan’s hypermarkets continued ...
24 February 2022
As SberMarket announces its full year results and its parent company Sber and X5 discuss their on-going cooperation, we round up news about grocery ecommerce from across the region. SberMarket tripled turnover in 2021 in Russia… SberMarket, which is part of the Sber ecosystem, reported its turnover tripled to RUB58.6 bn (US$732.8m) in 2021, including VAT and excluding promotions. The comp...
17 February 2022
As Zabka rolls out its Nano concept and Studenac acquires another retailer in Croatia, we round up news from the region. Studenac continues acquisition spree in Croatia Following the acquisition of Pemo, which has already received regulatory approval, Studenac has become Croatia’s largest retailer by store count. Pemo operated nearly 40 stores and so its purchase by Studenac will take the l...
11 February 2022
Metro Group’s sales rose 19.4% in local currency terms and by 20.0% in total, reaching €7.6 bn. The company reported its revenue in the Q1 2021/22 period exceeded its pre-pandemic levels ‘ despite ongoing restrictions ’. Metro, though, noted the challenges it faced during Q1 2020/21, when total sales contracted by 16% due to Covid restrictions in many of its key markets. Growth was driven by a...
04 February 2022
Despite being the fourth largest convenience retailer in the world, Magnit is not very well-known to businesses outside of Russia. We believe that much can be learned from the retailer as it continues to rapidly expand its store network, embed technology and develop quick commerce capabilities. Magnit posts strong top-line annual results Total net sales up 19.7% YoY to RUB1,856.1bn (US$2...