Hungary
This coverage examines retail developments and trends in Hungary, relevant to UK retail professionals monitoring international markets. Reporting highlights store openings, brand expansions, consumer behaviour, and property activity shaping the country’s retail landscape. Insights are tailored for professionals assessing opportunities, market dynamics, and strategies in Central European retail.
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Sep- 2024 -5 SeptemberClothing & Shoes
Primark UK sales drop amid weak footfall and bad weather
Primark’s parent company, Associated British Foods (ABF), expects like-for-like sales for Primark UK to fall by around 2% in the second half of the year, with total sales to be around 0.5% lower. This follows a like-for-like decline of 0.6% in the third quarter, which is projected to drop further…
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May- 2024 -29 MayNews
Today’s news in brief-29/5/24
Retail sales in the UK have seen their fastest growth since December 2022, according to the CBI Distributive Trades Survey. Sales volumes jumped by 8% in May, even as selling price inflation eased significantly to its lowest since August 2020, falling from 54% in February to 20%. Despite this improvement,…
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29 MayClothing & Shoes
Primark enters 17th market with new Budapest store
Primark has officially entered its 17th market with the opening of a store in Hungary’s capital Budapest. The move comes after the fashion retailer invested more than €8m (£6.8m) as part of its growth plans in Central and Eastern Europe. Primark’s Budapest store, which spans over 33,900 sq ft of…
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May- 2023 -17 MayClothing & Shoes
JD Sports profits set to top £1bn
JD Sports has announced that its profits for 2023-24 are expected to top £1bn after posting a profit before tax and adjusted items of £991m for the year ended 28 January 2023. The company believes that its profits for the next full year will fall in line with expectations which…
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Mar- 2021 -17 MarchOnline & Digital
Zalando targets 10% share of European market
Zalando has revealed its plans to capture 10% of the European fashion market by 2025, with ambitions to grow its gross merchandise volumes (GMV) to more than €30bn (£25.6bn) in the same period. The fashion group will expand its footprint in Europe to eight further European markets: Croatia, Estonia, Latvia,…
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Jun- 2020 -18 JuneNews
Tesco offloads Polish arm
Tesco has confirmed the offload of its Polish business through its sale to Salling Group A/S. The transaction includes the sale of 301 stores, as well as its associated distribution centres and head office. The deal had a total value of zł900m (£181m), with total net proceeds expected to be zł819m…
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Dec- 2018 -10 DecemberComment
How supermarkets are tackling the waste problem
Waste is evidentially a huge problem in the UK, which hasn’t gone unnoticed by Theresa May who pledged to eliminate plastic by 2042. Iceland is one supermarket that is already preparing to make the appropriate changes to get rid of plastic from their branded products — with an aim of…
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