Retailers/Mercator/News

Mercator news

22 September 2015
We round up some of the latest ecommerce developments to watch from the region’s leading retailers including advancements in Poland, Romania and Hungary; Agrokor’s strategic online project and what’s happening in click & collect. This article was written by Harriet Cohen,  Senior Retail Analyst in IGD's international researc...
26 August 2015
Slovenian market leader Mercator, which is now operated by Croatian conglomerate Agrokor, has revealed its results for the first half of 2015, reporting a 1% drop in net revenue to €1.3bn, alongside a small net profit of €15.3m versus a lost in the same period last year of €13.7m. Prioritising store investment, cost optimisation, loyalty and private label In the first half, Mercator has ...
22 April 2015
Mercator, which is owned by Croatian conglomerate Agrokor, has revealed its 2014 results, reporting a 4.1% decline in revenue to €2.65bn; alongside a net loss of €44.5m. Variety of factors led to revenue drop Mercator attributed the declines to ‘underperforming sales units, decrease in overall retail area, changes in consumer shopping behaviour, and transfer of retail units in the markets of...
07 April 2015
Croatian conglomerate Agrokor, which runs the Konzum and Mercator grocery chains amongst other food-oriented businesses, has revealed its strategy to compete with the discounters at a recent meeting; as well as updating on investment plans and the consolidation of the Konzum and Mercator businesses. Slovenian suppliers met with representatives from Agrokor, Konzum and Mercator Attending the me...
01 April 2015
Croatian conglomerate Agrokor, which owns the Konzum and Mercator grocery chains, alongside other food oriented businesses has made a series of recent announcements regarding online developments and its operations in Serbia and Bosnia and Herzegovina. We round up what you need to know. Launching regional online strategy: A007 Earlier this year, Agrokor announced the introduction of a new strate...
10 December 2014
Slovenian market leader, Mercator, has announced that it is targeting sales of EUR 2.85bn, an increase of 6.94% versus 2014, aiming for positive growth after three years. Additionally, the implications of the purchase of an 81% stake in Mercator by Croatian conglomerate Agrokor have been revealed. Variety of benefits associated with purchase by Agrokor Agrokor’s purchase of an 81% stake in Merc...
27 August 2014
Mercator has reported revenue of EUR1.3 billion in the first half of 2014, down by 4.2%, while its net loss amounted to EUR13,7 million. Its revenues keep declining in its core market Slovenia, but also its third largest market Croatia. Sales decline across all its market apart from Montenegro Mercator has reported revenue of EUR1.3 billion in the first half of 2014, down by 4.2%, while its...
27 June 2014
After much deliberation and delay, Croatia-based Agrokor has completed the acquisition of a 53.1% stake in Croatia-based Mercator, in a deal valued at €323.8 million. The purchase of Mercator by Agrokor will create the largest grocery retailer in the Balkans. Acquisition completes long running saga Agrokor first tried to purchase Mercator in 2012, but the deal did not go through after Mercato...
15 April 2014
Croatia-based Agrokor, which owns the Konzum grocery chain alongside other food-oriented businesses, has received conditional approval from the Croatian Competition Agency (AZTN) to take over Mercator. Conditional approval granted The conditions of the approval include the divestment of around 1000 Croatian stores and the adoption of strict agreements with suppliers. Approval follows simila...
03 March 2014
The deadline for the purchase of a 53% stake in Slovenia’s largest food retailer, Mercator by Croatian conglomerate Agrokor has been extended to the end of June this year, Reuters has reported. Latest development follows announcement in June 2013 This follows an announcement in June last year that Croatia-based Agrokor, which owns the Konzum grocery chain alongside other food-oriented business...