Czech and Slovak online stores are investing in growth

Medium- and large-sized online stores in Slovakia and the Czech Republic are planning to increase their investments in growth and marketing and aim to accelerate their expansion abroad. This is according to a survey conducted by Seyfor in Slovakia among more than 430 online retailers in both countries.

“The Slovak and Czech e-commerce markets currently favor medium and large players,” the Slovak news portal Aktuality.sk summarized the survey results.

According to the survey, 38% of the online stores surveyed are experiencing long-term growth, while 16% report stagnation or declining sales.

Larger online retailers are more resilient to market fluctuations thanks to their investments and international expansion, writes Aktuality.sk.

Larger retailers are growing significantly faster

The survey also shows that while 46% of online stores experience periods of rising and falling sales, their overall business performance remains largely stable.

Significant differences emerge depending on company size: Only 19% of small online stores reported growth. Among medium-sized online retailers, however, this figure stood at 55%, while less than a third reported stagnation.

Among large online stores, 57% reported revenue growth, while only 4% reported stagnation. The survey was conducted in collaboration with the Czech market research agency B-inside.