Lidl the oustanding retailer of the decade in Czechia

Lidl the oustanding retailer of the decade in Czechia

Published at: 2019-10-29 07:45 | Author: CIJEurope.com
The last decade has seen German retailers overhaul Tesco, Makro and Albert as the biggest foreign brands in the Czech Republic. Today, reports Mlada fronta Dnes, only Albert is hanging on in the top three, while Kaufland and Lidl are fighting for the top spot. That's a huge rise in fortunes for Lidl, which is part of the Schwarz group. It's seen revenues rise more than 200 percent over the past ten years, the biggest jump of any retailer. In fact, only Kaufland, Lidl and Billa are growing at the moment, with Lidl expected to overtake Kaufland in 2019. "Everywhere in the world, Lidl is one of the retailers that understands what its customers expect," says retail analyst Tomáš Krásný, according to MfD. "That's why it's very successful in Great Britain, the Netherlands but also in Serbia. In the Czech Republic and Slovakia' it's also true and it's unlikely to change anytime soon."

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