Ahold 2012 sales on Czech, Slovak markets decrease 3.7% y/y.

By bne IntelliNews January 18, 2013
Dutch retailer Ahold said sales in the Czech Republic and Slovakia were 3.7% lower on the year at CZK 43.3bn (EUR 1.7bn) in 2012, CTK news agency reported. In the fourth quarter alone, sales dropped by 2.2% y/y to CZK 10.3bn. Ahold, which entered the Czech market in 1990, now runs 280 Albert supermarkets and hypermarkets in the country. According to estimates of Incoma GfK, Ahold is the market leader on the Czech market for fast-moving consumer goods holding a share of 9.7%. Kaufland ranks second controlling 9.3% of the market, ahead of Tesco and Penny Market with 8.1% and 7.7%, respectively. The combined sales of Czech retailers last year are estimated to have dropped by between 1% to 2% from 2011, Zdenek Juracka, the president of the Association of Trade and Tourism (SOCR) was cited as saying by CTK.

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