Czech Republic Retail Report

Providing expert analysis, independent forecasts and competitive intelligence on the retail industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Retail Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

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Czech Republic Retail Report
Product Price
$1,295.00

BMI View: Retailing in the Czech Republic has experienced a robust recovery over 2015, with greater spending allowing retail sales growth to accelerate in 2016 . We attribute these improvements to healthier market conditions and higher confidence among the Czech households. Stronger economic growth will help lower unemployment and raise household incomes. Despite this, the retail market is relatively matured and this will limit the expansion opportunities of many retailers while major players will be investigating merger and acquisition opportunities.

Headline Household Spending
(2014-2020)
e/f = BMI estimate/forecast. Source: BMI, Eurostat

Key Trends & Developments

  • After several difficult years, we forecast headline household spending in the retail sector to rebound strongly in 2016 and register 10.9% year-on-year expansion, lifting the total spending figure to USD92.9bn (up from USD83.8bn in 2015).

  • Communications, education and healthcare will be the three fastest-growing categories in terms of the household spending in 2016. Nonetheless, all of them will comprise just 6.5% of the total household spending.

  • Despite rapidly increasing incomes, the essential goods and services will continue to account for the majority of the household spending between 2016 and 2020. We forecast the essentials' share in the total household expenditures to increase from an estimated 56.7% in 2016 to 56.8% in 2020.

  • Spending on housing and utilities will remain the single largest category for the Czech households, increasing its overall share from 27.0% in 2016 to 27.5% in 2020.

  • According to a real estate advisory CBRE, the Czech Republic will see more than EUR2bn real estate investment in 2016, mostly in the commercial and retail segments.

BMI Industry View
7
SWOT
9
Retail SWOT
9
Industry Forecast
11
Headline Retail Forecast
11
Table: Total Household Spending (Czech Republic 2013-2020)
12
Table: Retail Sector Spending, % Of Total (Czech Republic 2013-2020)
13
Table: Retail Sector Spending, % of GDP (Czech Republic 2013-2020)
13
Table: Headline Retail Sector Spending (Czech Republic 2013-2020)
14
Retail Sector Forecast
16
Food, Drink & Tobacco
17
Table: Food, Drink & Tobacco Spending (Czech Republic 2013-2020)
18
Clothing & Footwear
18
Table: Clothing & Footwear Spending (Czech Republic 2013-2020)
19
Household Goods
19
Table: Household Goods Spending (Czech Republic 2013-2020)
20
Personal Care
20
Table: Personal Care Spending (Czech Republic 2013-2020)
21
Household Numbers and Income Forecast
22
Table: Household Income Data (Czech Republic 2013-2020)
23
Table: Labour Market Data (Czech Republic 2013-2020)
26
Demographic Forecast
27
Table: Total Population (Czech Republic 2013-2020)
29
Table: Population: Babies (Czech Republic 2013-2020)
29
Table: Population: Young Children (Czech Republic 2013-2020)
29
Table: Population: Children (Czech Republic 2013-2020)
30
Table: Population: Young Teens and Older Children (Czech Republic 2013-2020)
30
Table: Population: Young People (Czech Republic 2013-2020)
30
Table: Population: Older Teenagers (Czech Republic 2013-2020)
31
Table: Population: 21yrs + (Czech Republic 2013-2020)
31
Table: Population: Young Adults (Czech Republic 2013-2020)
31
Table: Population: Middle Aged (Czech Republic 2013-2020)
32
Table: Population: Urban (Czech Republic 2013-2020)
32
Industry Risk Reward Index
33
Central And Eastern Europe Risk/Reward Index
33
Table: Central And Eastern Europe Retail Risk/Reward Index, Q216
33
Czech Republic Risk/Reward Index
34
Rewards
34
Risks
35
Market Overview
37
Retail Formats
37
Clothing & Footwear
37
Household Goods
38
Electronics
38
E-Commerce
38
Mass Grocery Retail
39
Competitive Landscape
41
Clothing & Footwear
41
Table: Selected Clothing & Footwear Retailers
41
Household Goods
42
Table: Selected Household Goods Retailers
42
Electronics
42
Table: Selected Electronics Retailers
42
Department Stores
43
Table: Selected Department Stores
43
E-Commerce
43
Table: Selected E-Commerce Retailers
43
Pharmacies
44
Table: Selected Pharmacies Retailers
44
Glossary
45
Methodology
52
Industry Forecast Methodology
52
Sources
55
Risk/Reward Index Methodology
55
Table: Retail Risk/Reward Index Indicators
56
Table: Weighting Of Indicators
58

The Czech Republic Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Czech Republic Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

  • Benchmark BMI's independent retail industry forecasts for Czech Republic to test other views - a key input for successful budgeting and strategic business planning in the Czech retail market.
  • Target business opportunities and risks in Czech Republic through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.

BMI Industry Forecasts

There are four separate 5-year forecast modules in the retail reports. These are:

  • Headline Retail Forecast: Total household spending (local currency and USDbn, % growth, % GDP, per capita, per household), spending by retail sector (food & non-alcoholic drink, alcoholic drink, clothing & footwear, housing & utilities, furnishings & home, health, transport, recreation, education, restaurants & hotels, personal care & insurance (local currency and USDbn, % growth, % GDP, % of total spending)
  • Retail Sector Forecast: Breakdown of Food, Non Alcoholic Drink, Alcohol, Tobacco, Clothing, Footwear, Household Goods, Furnishings, Appliances, Glass and Tablewear, Household Textiles, Consumer Electronics, Garden Toys and Pets, Home and Garden tools, Personal Care, Personal Effects Spending (USDbn, % Growth)
  • Household Income and Numbers Forecast: Number of Households (‘000, % growth); gross income per household and per capita; net income per household and per capita; tax and social contributions per capita; breakdown of household incomes – USD5000+, USD10,000+ USD50000+ (‘000, % of total); labour force, employment and unemployment (‘000, % change)
  • Demographic Forecast: Total population; Babies 0-12 months; Young Children 0-4yrs; Children 5-9yrs; Young Teens and Older Children 10-14yrs; Older Teens 15-19yrs; Adults 21yrs +; Young Adults 21-29yrs; Middle Aged 40-64yrs (‘000, % growth, male, female); Urban Population (‘000, % population); Rural Population (‘000, % population).

BMI’s Retail Risk Reward Index

BMI’s Risk Reward Indices provide investors looking for opportunities in the region with a clear country comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

Provides a detailed country-specific analysis of the key trends and developments in the retail sector as a whole, as well as an assessment of the main drivers affecting the major retail segments including mass grocery retail, fashion, pharmacies, consumer electronics, home improvement and personal care. The market overview also considers the most effective store formats in a given country and the impact of these factors on the main international and domestic players’ development strategies.

Competitive Landscape

This provides a brief overview of the key players in each subsection of the retail sector including MGR, Fashion, Home Improvement, Consumer Electronics, Pharmacies, and Department Store chains.

Sources

The Retail Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.