Kaufland continues its expansion in the Czech Republic. The hypermarket chain increased its revenues to CZK 55.2bn in the fiscal year 2014/2015, and profit jumped 34 percent to CZK 2.1bn. The company plans to extend its network of hypermarkets further by opening several new stores in the Czech Republic. One planned in Brandýs nad Labem is already under construction. In 2014/15 Kaufland added four new stores to its network, bringing its Czech total to 119. Kaufland belongs to the German retail group Lidl & Schwarz-Gruppe. The group entered the market in 1998 and currently employs 12,000.
