PROSPECTS AND OPPORTUNITIES
The downward trajectory is set to continue in department stores
The format of department stores is expected to continue to fall out of favour in the forecast period. With no new buildings being built to suit department stores, it is slowly dying out with more of the existing outlets being turned into other projects.
Variety stores to find equilibrium in the forecast period
Meanwhile, variety stores is projected to see further growth in retail value (constant 2024 prices) sales, albeit at a slower rate than at the end of the review period. The number of new outlets is slowing and the overall network of variety stores is expected to decrease, with slight fluctuation, over the forecast period.
Consolidation of the competitive landscape
The strength and anticipated further expansion of Action and Tedi could force Levno to end operations in the Czech Republic. Top Shop has also declined heavily in retail value sales and number of outlets and, if the situation does not improve, it may exit the Czech Republic altogether.
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Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores industry in Czech Republic with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the General Merchandise Stores industry in Czech Republic, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The General Merchandise Stores in Czech Republic report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of General Merchandise Stores in Czech Republic?
- Which are the leading retailers in General Merchandise Stores in Czech Republic?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
General Merchandise Stores in the Czech Republic - Category analysis
KEY DATA FINDINGS
Department stores continue to lose favour
Variety stores grow coverage and appeal
Stagnation in department stores but dynamism in variety stores
The downward trajectory is set to continue in department stores
Variety stores to find equilibrium in the forecast period
Consolidation of the competitive landscape
Retail in the Czech Republic - Industry Overview
Retail in 2024: The big picture
Automation offers operating cost reductions
Private label and price promotions gain weight as consumers look for value for money
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Shopping Season Name
Christmas
Easter
DISCLAIMER
The following categories and subcategories are included:
General Merchandise Stores
- Department Stores
- Variety Stores
General Merchandise Stores
The aggregation of department stores and variety stores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our General Merchandise Stores research and analysis database.
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