Money Buzz! Europa

Tag: retail poland

  • Retail sales in Poland, 7.7% lower than the year before

    Retail sales in Poland, 7.7% lower than the year before

    In May 2020 retail sales at constant prices were by 7.7% lower than the year before (against a growth of 5.6% in May 2019).

    Compared with April 2020 retail sales increased by 14.9%.

    In the period of January-May 2020 retail sales were by 6.2% lower (against a growth of 6.5% in 2019).

    In May this year compared with the previous month, a drop in retail sales value via internet was recorded (by 12.7%). The share of such sales (in current prices) decreased from 11.9% in April this year to 9.1% in May this year.

    A decline in the share of sales via Internet was reported by enterprises classified into the group “textiles, clothing, footwear“ (from 61.3% a month before to 26.8%) as well as by entities from groups “newspapers, books, other sale in specialized stores” (from 39.9% to 25.2% respectively) and “furniture, radio, TV and household appliances “ (from 28.6% to 15.6%).

  • Tesco agrees sale of business in Poland to Salling Group A/S

    Tesco agrees sale of business in Poland to Salling Group A/S

    Tesco announces the sale of its business in Poland to Salling Group A/S. The transaction, which is subject to antitrust approval, includes the sale of 301 stores together with the associated distribution centres and head office.

    Total enterprise value agreed for the transaction is PLN 900m (equivalent to £181m), with total net proceeds expected to be approximately PLN 819m (equivalent to £165m), settled in cash, with completion expected in the current financial year.

    Over the past 18 months, Tesco has either sold or agreed to sell 22 stores for net proceeds of c.£200m.

    The group will continue to seek to realise value from the remaining assets, which include 19 currently trading stores not covered in this transaction.

    Salling Group A/S serves 11 million customers every week across Germany, Poland and Denmark, with 50,000 colleagues and an annual turnover of approximately GBP 7bn.

    Tesco Polska generated sales exc. VAT and PFS of £1,368m and an operating loss before exceptional items of £(24)m in the 2019/20 financial year.

    All 301 stores included in the transaction will be rebranded during an 18-month transition period.

  • Carrefour opens a second BIO store in Warsaw, Poland

    Carrefour opens a second BIO store in Warsaw, Poland

    Carrefour Polska is developing the format of certified organic food stores. On June 16, just over half a year after Carrefour BIO’s debut on the Polish market, the chain opens another store in this concept.

    The new, expanded facility is located in Warsaw’s Bemowo at ul. Pełczyńskiego 5 and offers its clients approximately 2.600 products.

    In the Carrefour BIO store offer, almost 90% of the products are certified.

    There are also gluten-free, lactose-free, no added sugar, diet, vegan or vegetarian products.

    Thanks to the sales area of the store increased to 200 m2 at ul. Pełczyńskiego 5 in Warsaw

    Customers can also choose from 2.300 packed products, including 330 Carrefour BIO products, which is highly rated for excellent value for money.