There is a new rising star on Europe’s retail horizon. Russian X5 Retail Group, pushing its proximity discount banner Pyaterochka beyond the Urals, will claim its place among the long-standing top 10 grocers by 2022.
Local Russian discounters are strongly anchored in their home turf in Siberia. National leaders X5 and Magnit, with standard commercial concepts and increasing logistics costs face major challenges as they expand in the region.
Domestic supermarkets are the new retail stars in discount-dominated Poland. Despite intensifying price battles, these proximity banners are expected to open almost 3 stores for every new discounter over the next 5 years.
Central and Eastern European grocery retailers are growing twice as fast as their European peers. Where previously the discounters were chipping away at the large-area multinationals, now the local heroes are rising to meet evolving consumer needs.
From 1st of March 2018 the law restricting Sunday retail trade has come into force in Poland, with the first non-trading Sunday scheduled to be 11th March. Controversial discussions regarding the scope of application had moved the Ministry to publish a Q&A document, explaining the law’s interpretation.
Hungarian retail cooperative CBA is continuing to sell off part of its store network to multinational operators. Lidl, Aldi and Auchan have all been among the ranks of bidders for retail outlets located in Budapest and the surrounding area.
Polish Emperia Group, operator of proximity banner Stokrotka, plans to double the pace of new store opening for 2018. As the retailer announced in a press release, the chain is targeting more than 100 new stores this year, from 65 net openings in 2017.
LZ Retailytics’ team of senior analysts is bringing our analysis platform to life but their knowledge and experience extend well beyond that. They specialise in new store formats, e-commerce, private label, hard discount and more. From time to time they share their viewpoint about current topics and trends, backed by robust data from LZ Retailytics.