date:Jan 20, 2014
ř imara, a retail analyst at securities brokerage Cyrrus, said heavy competition from discount chains such as Lidl and Penny Market, both of which are headquartered in Germany, was hitting Albert hard.
A lot of customers, theyre moving to discount-oriented stores and Ahold is a premium supermarket. That could be one of the reasons for decreased customer spending theyre switching to less-expensive supermarkets, he told the Prague Post.
Adjusted for exchange rates, Alberts sales in the Czech R