70 new outlets to appear on Slovak retail market in 2010

2010-01-19

A total of 70 new outlets are expected to be opened in Slovakia in 2010 after a major slowdown in the launch of new stores last year, according to Terno, a market research company.
Besides Tesco, which plans to open 15 new outlets this year (see the news brief “Tesco plans to launch 15 new stores in Slovakia in 2010”), the retail chain COOP Jednota aims to open 40 new stores. Meanwhile, Billa plans to open at least six new stores in 2010 and Kaufland has plans to add a further 12 new outlets to its existing network.
According to analysts from the real estate consultancy Cushman & Wakefield, Slovakia is now arriving at the level of development reached by the retail sector in the Czech Republic in 2007-2009. Developments on the Slovak market typically mirror those of the Czech Republic, albeit with a lag time of between 18 and 24 months.