Mercator news

31 May 2017
Mercator brand will possibly return to Bosnia & Herzegovina (BiH) following a meeting between the country’s council of ministers and Agrokor’s trustee, Ante Ramljak, in May 25th. The government-assigned trustee considers this a necessary move if the jobs of Agrokor’s employees to be protected and dues to suppliers to be paid. Mercator insecure financial situation for BiH entry Mercator mu...
26 May 2017
Mercator launched a new communication strategy in April 2017 that appeals to Slovenia’s younger consumers. Mercator’s campaign messages look to attract a value-seeking and health-conscious millennial or post-millennial shopper to its stores. The campaign does so with adverts on Mercator’s healthy fresh food range and stores’ fresh ‘look and feel’. Mercators’ message: Healthy, fresh, and your ...
26 April 2017
Mercator reported a 4.5% decline in 2016 revenue to €2.5bn, and a loss of €72.7mn. This follows parent company's, Agrokor, activation of the 'Lex Agrokor' process in Croatia in early April, and the handover of control to the Croatian government. We report on Mercator's 2016 results and the legislative steps taken by the Slovenian government to protect the retailer from insolvency. Declin...
10 April 2017
On Friday 7th April, Agrokor’s CEO and majority owner, Ivica Todorić, handed over control of the indebted company to the Croatian government. Mr. Todorić  activated a process of ‘extraordinary management’ following the passing of a special law that was voted through by Croatia’s parliament that same day. Law passed to protect Croatia’s biggest private sector employer Agrokor reported in ...
21 December 2016
Mercator has revealed its business plan for 2017, targeting revenue of €2.4bn, less than the €2.6bn of anticipated revenue this year, with the decline attributed to an increased focus on core retail. During 2016, Mercator has divested some non-food areas of its business, including Intersport. As part of its 2017 plans, investment is set to double to €68.5m. 2017 investment doubles, focus on...
14 October 2016
In this update, we look at what has happened at retailers across the region in the third quarter of 2016, including market entries & acquisitions, new store concepts, online & technology developments, loyalty enhancements and new appointments. MARKET ENTRIES & ACQUISITIONS Albania –  SPAR has opened its first stores in the country in partnership with Balfin Group, making Albania the 4...
22 July 2016
Leading Slovenian retailer Mercator has opened a new concept hypermarket, Mercator Šiška in Ljubljana, following extensive refurbishment, while Serbia's Univerexport has launched a new organic store-in-store concept. Multiple category improvements Among other new features, the store offers: • A new-look beer and wine department, with the beer section given the look and feel of a brewe...
18 July 2016
In this update, we look at what happened at retailers across the region in the second quarter of 2016, including market entries & investment plans, new store concepts, online & digital, new technology, efficiency drives and legislation affecting retail. MARKET ENTRIES & INVESTMENT PLANS Lidl • Lithuania – The retailer has entered its 27th market, with 15 stores across nine towns and ci...
05 July 2016
We report on the latest developments from the Croatian conglomerate, owner of the Konzum and Mercator grocery chains, including reports of a potential IPO, new wholesale store concept and a lifestyle magazine for loyal shoppers. IPO in the pipeline? A report, published by Slovenian newspaper Finance, details that Agrokor is planning an Initial Public Offering (IPO) on the London Stock E...
01 June 2016
Agrokor, owner of the Konzum and Mercator grocery chains has appointed Revonics, Inc. as it looks to ‘bring sharper focus and deeper insights to its pricing and promotion planning and execution’ . Aim is to differentiate itself from competitors Commenting on the development, Darko Knez, Executive Vice President for the Retail Business Group said, ‘We are looking forward to their advanc...