Foreign markets – Croatia – Where traditional shops are still able to grow
According to a study by Nielsen, titled ShopperTrends, supermarkets dominate the food retail of Croatia (a market of 4.5 million consumers), as 69 percent (up from 49 a year ago) of consumers spent the most money on food, household chemicals and cosmetics in supermarkets. The network of discount stores is in an early stage of development – only 4 percent of consumers spent the most money on daily goods there. – The store structure is rather fragmented in Croatia: in early 2009, 10,104 stores awaited shoppers (discounts not included) – says Ivan Junakovics, Nielsen’s customer relations manager in Croatia. Kiosks also sell FMCG products; their number is stable above 3,000. The number of 101-300 m² shops is increasing, together with their market share. Seven years ago there were only 4.3 hypermarkets per 1 million inhabitants, last year this increased to12. Croatian-owned Konzum is the biggest retail chain, with 700 stores in different channels and an annual turnover of HRK 12.8 billion (about HUF 470 billion). NTL group is a purchasing association that involves several chains, the biggest is Kerum (up for sale in January).As for multinationals, Slovenian Mercator recently bought the company Getro; German group Schwarz is represented by Kaufman and Lidl. Spar, Rewe, drogerie markt and Metro are also present.
Related news
Related news
Sharp price competition and challenges in the Hungarian food industry
Serious price competition has developed on the Hungarian food market,…
Read more >Hungarian customers want a stress-free Christmas: they shop online in advance and spend over HUF 100,000 on gifts
Hungarians plan to spend more than HUF 100,000 on Christmas…
Read more >The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >