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Retail

Konzum's Leadership Position Under Threat, Former Chairman Claims

Croatian retail giant Konzum is fast losing ground to discounter rivals Lidl and Kaufland, the Agrokor-owned group's former chairman has written on his blog.

According to Ivica Todorić, citing Croatian retail market data prepared by research company GfK, Konzum's share in the second quarter of the year stood at 19.3%, down from 23.2% in Q4 2016.

At the same time, Lidl has increased its share to 11.7%, from 10.2%, while Kaufland has risen to 9.2% share, from 8.9%.

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