Shoe retailer CCC reported CZK 1.58bn in revenues in 2016, up by nearly 20 percent y-o-y. The company is continuing its expansion efforts and has already opened five new stores this year. In H2, it is planning additional openings, and CEO Roman Puchala told Hospodářské noviny that sales might soon hit CZK 2bn, as CCC aims to become the leading shoe retailer in the Czech Republic. It currently operates 85 stores and plans to modernize some of its existing outlets. New shops opened in Strakonice, Písek, Jablonec nad Nisou and in the Eden and Nový Smíchov shopping centers in Prague. Deichmann, CCC’s direct competitor in the Czech Republic, reported CZK 2.04bn in revenue in 2016, up 4.5 percent y-o-y. Deichmann is planning to open four new stores in the Czech Republic and modernize 10 outlets.
