Doing Business In - International Franchise Association

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Contacts: U.S. Commercial Service Ms. Jana Ruckerova, Commercial Specialist Phone: (420) 257-022-310 Fax: (420) 257-022-810 E-mail: Jana.Ruckerova@mail.doc.gov Apparel (APP) Return to top The Czech luxury fashion market is gathering steam. Thanks to its advantageous geographical position in the center of Europe and favorable economic development, Prague has become the center of attention for world-renowned designer fashion brands. More and more Czechs are interested in fashion, read fashion magazines, watch trends and consult experts on their wardrobe. As the presence of reputable fashion houses has been insufficient until recently, the rising demand resulted in the growing number of new stores emerging in the market. The days when Hermes was the only top-end fashion brand in Prague are gone. The vast majority of luxury brands wish to open their stores on Prague’s high-end Parizska street. The street has a reputation as the finest shopping zone in the Czech Republic, with more than three dozen boutiques including Gucci, Christian Dior, Salvatore Ferragamo Italia, Cartier, Burberry, Louis Vuitton Company, Dolce & Gabbana, Prada, Moschino, Versace, Escada, Giorgio Armani, Guess, Hugo Boss, Tod’s and others. <strong>In</strong> April 2009, inspired by Colette in Paris, first concept store Simple was opened in Parizska street, introducing Lanvin, Balenciaga, Chloe, Givenchy, Yves Saint Laurent, Dior Homme and other brands to the Czech market. There has been growth in the number of Czechs willing to spend their money on exclusivity. Demand in the Czech market is driven not only by Czechs, but is also fueled by tourists who are abundant in Prague. Russians are the biggest spending tourist group, followed by Japanese. Great opportunities also exist for mid-market apparel. There is high demand for fashion brand apparel and the offer is still limited. A quality offering in the mid-priced apparel market is missing and several new brands would prosper here. Fashion brands such as C&A, H&M, Debenhams, Zara, and Marks & Spencer’s are successful in the market. Retail businesses in the Czech Republic are more profitable than in Germany and other European countries. The average retail turnover in the Czech Republic is Euro3,200 per square meter per year, compared to Euro3,100 in Germany and Euro3,000 in Belgium. Fashion retailers such as C&A and New Yorker turnover reach as high as Euro3,400. Czech Republic has 0,91 square meters of retail space per inhabitant, which is still low compared to the average of 1.5 – 1.7 in Europe. There are still opportunities for newcomers.
Contacts: U.S. Commercial Service Ms. Jana Ruckerova, Commercial Specialist Phone: (420) 257-022-310 Fax: (420) 257-022-810 E-mail: Jana.Ruckerova@mail.doc.gov
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Doing Business in the Czech Republi
Page 3 and 4: table for conversion to the euro ha
Page 5 and 6: Return to table of contents Chapter
Page 7 and 8: Key Link: http://www.ombudsman.euro
Page 9 and 10: lack of U.S. firms present, so U.S.
Page 11 and 12: Key Link: http://ec.europa.eu/inter
Page 13 and 14: sales. The cadre of agents has expa
Page 15 and 16: eceptions at industry trade shows i
Page 17 and 18: http://www.efsa.europa.eu/EFSA/Scie
Page 19 and 20: Key link: http://ec.europa.eu/consu
Page 21 and 22: Copyright The EU’s legislative fr
Page 23 and 24: design. Amendments to the trademark
Page 25 and 26: Provisions of Nutritional Labeling:
Page 29 and 30: Resources Return to top Updated inf
Page 31 and 32: Automotive Parts and Equipment (APS
Page 33 and 34: Electronic Components (ELC) Overvie
Page 35 and 36: Medical Equipment (MED) Overview Re
Page 37 and 38: Telecommunications Eq. (TEL) Overvi
Page 39 and 40: Center for e-Commerce www.e-commerc
Page 41 and 42: • Project financing comes from va
Page 43 and 44: • Metal detectors • Monitoring
Page 45 and 46: Financial Services (FNS) Overview R
Page 47 and 48: Association of Czech Building Savin
Page 49 and 50: There is room for growth in the fas
Page 51 and 52: Contacts: Hana Obrusnikova, Senior
Page 53: Republic, the number of Czech stude
Page 57 and 58: Fish and crustaceans (HTS Number: 0
Page 59 and 60: For information on existing trade b
Page 61 and 62: • 20 days from the date on which
Page 63 and 64: Since May 1, 2007, with the impleme
Page 65 and 66: Customs Regulations and Contact Inf
Page 67 and 68: Contact Information at national cus
Page 69 and 70: technical committee whereas CENELEC
Page 71 and 72: standards-legislation/list-referenc
Page 73 and 74: http://ec.europa.eu/taxation_custom
Page 75 and 76: The European Union Eco-Label: http:
Page 77 and 78: property rights violations at open-
Page 79 and 80: investors from different countries,
Page 81 and 82: particularly those related to bankr
Page 83 and 84: made ex-parte search more accurate,
Page 85 and 86: oth representatives of the governme
Page 87 and 88: Labor Return to top The wide availa
Page 89 and 90: GE Aviation 7.8 JNJ Global Business
Page 93 and 94: • Local bond offerings (for munic
Page 97 and 98: • Czech Embassy in Washington (ht
Page 99 and 100: Czech Holidays January 1 New Year's
Page 101 and 102: Constans Bretislavova 309, 118 00 P
Page 103 and 104: Citibank Contact: Kenneth E. Quinn,
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Daniel Mališ & Partners Contact: M
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HORREN s.r.o. Contact: Jaroslav Hor
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Return to table of contents Chapter
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CzechInvest Main Office Mrs. Alexan
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