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The Warsaw Voice » Business » July 18, 2017
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Troubled times for hypermarkets
July 18, 2017   
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Hypermarket chains are suffering a slump in Poland, the daily Dziennik Gazeta Prawna writes citing sector reps and experts.
British retailer Tesco, which recently announced closure of nine stores, is reportedly planning more shutdowns. The firm is also reducing retail space in existing hypermarkets, Michal Sikora of Tesco Polska said.
The sector is probably headed for consolidation, experts say. In the future a few entities will be controlling a few trade formats under different brands, DM BZ WBK analyst Tomasz Sokolowski commented. The process will take some time, as some 40-50% of grocery trade is still run in small, traditional stores. Polish-owned retail chains may be active in M&A, Bartosz Bolecki of market researcher PMR said, pointing to Piotr i Pawel, Emperia's Stokrotka, Milo and Polomarket.
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