Radek Hovorka of Penny Market: “Retail is like a rally” – interview

In grocery retail, Radek Hovorka is a rare case. People at the top of retail usually grew up in the industry, but the Penny Market chief has had a far more varied path: consulting at PwC, the investment group J&T, the technology giant IBM and management of Prague's airport.

What he said in the Forbes interview

Speaking to Forbes, Hovorka compared retail to rallying: if you fly off the track, you can't stop, you have to keep driving. Topics of the conversation included the impact of artificial intelligence on retail, Penny Market's plans to expand its store network further and exactly where the company intends to open.

Hovorka also reflects on how the behavior of Czech shoppers is changing, why a good manager does not have to work twelve hours a day and what he thinks about working with the young employees who are joining companies today.

By the Around Prague newsroom