The Czech Republic is one of the most attractive markets in Europe for the expansion of global retailers. It ranks 17th globally, and 11th in Europe, according to CBRE. Tomáš Beránek, head of retail leases at CBRE, says that the Czech market attracts more retailers than markets in Northern Europe, Ireland or Portugal. Germany is the strongest magnet, with 40 percent of global players looking to open a store there, followed by the UK and France.
In the Czech Republic, retailers focus mostly on Prague, and in particular on dominant shopping centers such as Palladium, Nový Smíchov and OC Chodov. Tosca Blu, Adidas Neo and Mon Cler were among the newcomers to the market last year. Czech retail is on the rise, says Beránek, with revenues up by 6.6 percent y-o-y in January, according to the Czech Statistical Office.
