German Discounter Woolworth Set to Enter Czech Market by 2025

Woolworth, a well-known German discount retail chain, has announced plans to expand into the Czech and Slovak markets.

This development was reported by the financial news portal Peníze on Monday, September 9th.

“We can confirm that we are preparing to enter the Slovak and Czech markets,” said Roland Rissel, a representative from Woolworth’s press office. “We are currently in negotiations with property managers in both countries and are working towards finalizing lease agreements.”

While details about the specific locations and number of stores remain under wraps, the company aims to open its first outlets in both countries by the end of 2025.

Woolworth is recognized for offering a wide range of products, including household items, clothing, electronics, cosmetics, toys, and more, all at prices below the market average.

With over 700 stores already established in Germany, the chain is one of the fastest-growing in the country. The management has ambitious plans to increase the number of stores to 1,500 in the medium term.

In the Czech Republic, Woolworth will be entering a competitive market, going head-to-head with other popular discount retailers such as Action, Pepco, and Kik.

Would you like us to write about your business? Find out more