"Czech Republic Retail Report Q1 2015" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Mon Dec 22 2014

Both the economy and the retail sector in the Czech Republic have been struggling for the past three years, marked by a prolonged period of decline. The retail sector will start to rebound in 2015, growing throughout the whole forecast period, and accelerating the most in 2016 when we predict total household spending to expand by 9.7%. The Czech Republic is characterised by arguably the most mature retail sector in the CEE region and high dependency on eurozone countries. BMI expects recovery in Western Europe, rising household income and consumer confidence to propel growth of the country's retail sector in 2015-2018.

Full Report Details at
- http://www.fastmr.com/prod/924136_czech_republic_retail_report_q1_2015.aspx?afid=301

Unlike most of the countries in the CEE region, the Czech Republic did not demonstrate stable growth figures over the past three years. Dependence and geographical proximity to the Western European markets - which experienced various euro-related problems - subdued the country's economic growth between 2012 and 2014. GDP shrank by 9.1% during the period, as a result of declining foreign direct investment, fixed capital formation and private consumption. However, BMI expects the Czech economy to return to growth between 2015 and 2018, increasing 5.3-10.2% annually throughout the forecast period. This will positively affect total household spending and prospects in the retail sector. Several medium-sized shopping centres have recently opened in Prague, as well as in smaller towns, and more openings are expected in 2015. The retail sector started to show signs of recovery in 2014 thanks to strong car sales, with the country's own car brand Škoda posting record results.

However, the constantly exacerbating situation in Ukraine and resulting sanctions have put the Czech Republic in a difficult position. The country has been affected by the Kremlin's response to EU sanctions, which took effect in summer 2014. The Czech industry and trade minister projected that the sanction war could result in losses totalling USD0.4bn - a significant...

The Czech Republic Retail Report has been researched at source and features Business Monitor International (BMI)'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.

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