Jan 04, 2024

A Record-Breaking 39 New Brands Entered the Czech Market Last Year

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Prague Morning

39 new brands entered the Czech retail market last year, a record number achieved in the past ten years, when the real estate consultancy Cushman & Wakefield has been closely monitoring this activity.

Some of the most notable brands that came to the market last year include Victoriaโ€™s Secret, Popeyes, Signorvino, Rossopomodoro and Zadig & Voltaire.

Two names literally shook the Czech market last year. The highly sought-after American lingerie brand Victoriaโ€™s Secret, which opened its first local store in Pragueโ€™s Westfield Chodov shopping centre in May, had been lacking in the country for a long time.

Another major brand is the American fast food chain Popeyes, which opened a store in Dลฏm mรณdy on Pragueโ€™s Wenceslas Square in early November and where long queues still stand in January.

The F&B segment was enriched by more interesting brands last year. The very popular Aperol Spritz Terrace opened in Pragueโ€™s Mรกnes, the Holy Pasta concept opened in Manifesto Market, The Alley tearoom opened in Na Pล™รญkopฤ› Street.

Italian concepts opened in shopping centres: Rossopomodoro in Palladium and Signorvino in Westfield Chodov. The so-called travel retail was enriched by the Bottega Prosecco Bar and Natoo brands at Prague Airport and the main railway station.

Fashion and luxury in the Paล™รญลพskรก street area

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The fashion sector, traditionally strong among the arrivals, was represented last year by 9 clothing, footwear and accessories retailers.

The luxury goods segment was expanded by the Italian winter clothing brand MooRER in Maiselova Street and the French fashion brand Zadig & Voltaire on ล irokรก Street. The world-famous shoe brand Jimmy Choo, after a yearโ€™s absence of a full-fledged retail store, moved to Paล™รญลพskรก 21.

It has thus consolidated the trend of luxury brands moving to the northern part of Paล™รญลพskรก Street, where two new projects with exclusive retail spaces are now being completed: the Paล™รญลพskรก 25 and the five-star Fairmont Golden Prague Hotel, which has the ambition to become the most luxurious hotel in the CEE region.

Into Pragueโ€™s streets and shopping malls

The vast majority โ€“ 33 brands โ€“ headed to Prague; Brno and Ostrava welcomed two brands each, Hatฤ› and Hradec Krรกlovรฉ one each. The proportion of brands that opened stores in shopping centres and those that chose the so-called high street (the main shopping avenue in the city centre) is balanced. Most brands came to the country this year from Italy: 8, mainly from the F&B segment, followed by Slovakia (5 brands) and France (4 brands).

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