Nearly a third of Czech households saw their financial wealth grow last year, a study published by GfK reveals. The market researcher’s director, Tomáš Drtina, told journalists at a press conference that this was the largest wealth increase since the study began to be conducted more than twenty years ago. Households expect their income to continue growing in 2019 as well.
Close to half of Czechs would like to see the law forcing shops to close on
selected holidays scrapped. According to a poll conducted for Czech Radio
by the Median agency 48 percent of respondents find the legislation
unnecessarily restrictive and would like to see it scrapped. 49 percent say
they are not inconvenienced by it.
In line with the law shops of over 200 square metres must close their doors over the Christmas holidays. They must close by midday on December 31st and remain closed on January 1st.
Some 66 new shopping parks are set to open around the Czech Republic within the next three years, taking up an area of around 300,000 square metres, according to a report by real estate consultants Cushman & Wakefield. There are currently 195 retail parks in the country with a total area of over 790,000 square metres. Nearly five percent of them are unoccupied. The highest number of retail parks can be found in the region of Moravia-Silesia in the north-east of the country.
Čestlice is the name of a small village just outside the eastern city limits of Prague. But it is also the location of a giant out-of-town shopping and warehouse complex filled with large box-type supermarkets. Around me I see a Bauhaus, Kika, JYSK, an Elektro World, and a huge Makro store. There is also a large Aqua Centrum here – a swimming centre. It is just off the D1 motorway, which heads towards the city of Brno. But, surprisingly, this place is also home to a newly-opened farmers’ market.
Twelve stores violated the law by selling goods to customers on a public holiday, the Czech Inspection Office reported on Saturday following checks around the country on October 28. In line with a new law outlets bigger than 200 square meters must remain closed on eight public holidays, among them Czechoslovak Independence Day, Christmas, Easter Monday and May 8. Violation of the law can be fined by up to one million crowns (37,000 euros). Some stores in Prague stayed open for PR events on the day. According to a poll conducted by the Median agency the majority of Czechs do not have a problem with this, but some entrepreneurs have argued it could lead to lay-offs.
A huge outlet retail centre is set to open near Prague’s Václav Havel Airport in autumn next year. Named Prague The Style Outlets, the centre will feature 190 shops on an area of 30,000 square metres, according to a news release on Tuesday from its backers, the companies Neinver and The Prague Outlet. The outlet centre, which will cost over CZK 1 billion to complete, will be the third facility of its kind in the Czech Republic.
The largest outlet shopping centre in the Czech Republic is set to open next year in the vicinity of the Václav Havel International Airport in Prague. The centre, which will cover an area of roughly 20,000 square metres. It will offer around 100 shops. At the moment, there are two large outlet centres in the Czech Republic, the Freeport Fashion Outlet in Hatě near Znojmo and Fashion Arena Outlet Centre in Prague’s district of Štěrboholy.