The
sales registered in the
Czech retail industry increased in
June 2017 by 6.6%. The representatives of the
National Czech Bank declared that the main driver of the
increase in sales is the
domestic demand. Businessmen who want to
open a company in Czech Republic in the
retail industry will need to obtain special permits for their business activities, depending on the
company’s specific operations.
Our team of company formation representatives in Czech Republic can offer more details on the legislation related to
retail businesses.
Retail market in Czech Republic
The
internal demand of the
Czech consumer market reached its
highest level in June 2017. At that time, the
local consumers increased their
shopping activities for both the
online environment, as well the
traditional businesses (
shops).
Foreign businessmen who want to start the procedure of
company formation in Czech Republic as an
online business will need to complete certain steps that are necessary for this type of activity.
In this sense, it is necessary to
open a website that will accommodate
financial transactions for the
company’s products or services. For this, it is required to
open a merchant account, a financial tool that can accept both local and foreign
credit and debit cards.
The retail sales registered in June 2017 were performed for the following:
• non-food items (increase of 8%);
• foodstuffs (increase of 3.7%).
Top retail sales in Czech Republic
Investors who are taking into consideration to start the
company registration in Czech Republic may access various sub-categories of the
retail market. On the
non-food section, the
highest level of sales was registered for the following products:
• clothes and footwear (10.9% increase);
• culture and recreation activities (7,3% increase);
• information and communication (6.2% increase);
• household equipment (4.9% increase).
One of the main reasons for which the consumers are spending more money on retail products relates to the increase of the salaries, correlated with the development of the employment market.