Research and Markets: Tesco Plans to Spend PLN600mn on New Store Openings in Poland in 2007.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c57200) has announced the addition of Poland Food And Drink Report Q1 2007 to their offering.
The Poland Food & Drink Report provides independent forecasts and competitive intelligence on Polands food & drink industry.
The first quarter of 2007 saw a series of retailers announce expansion and investment plans for the Polish mass grocery retail (MGR Mgr
Mgr abbr (= Monseigneur, Monsignor) → Mons
Mgr abbr (= Monseigneur, Monsignor ) sector, as discussed in the newly published Poland Food & Drink Report from Q107.
Portuguese retailer Jeronimo Martins (JM), which runs the Biedronka discount chain in Poland, one of the top three retailers in Poland in terms of annual sales has by far the largest number of locations of any foreign retailer in Poland, with its 900th store opened at the end of November 2006.
Following a net sales Net Sales
The amount a seller receives from the buyer after costs associated with the sale are deducted.
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight rise of 15% in 2006 to EUR EUR
In currencies, this is the abbreviation for the Euro.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 4.4bn (US$5.5bn) the company is planning to open 300-360 stores in Poland from 2007-2009, 90 of which are planned for 2007.
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. reports in the local press, British retailer Tesco is planning on spending PLN PLN
In currencies, this is the abbreviation for the Polish Zloty.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 600mn (US$207.3mn) on new store openings in 2007, with a target of 50 new outlets, following its opening of 24 new stores in 2006. Meanwhile, French retail giant Carrefour has also announced plans to invest (US$173mn) in its Polish operations in 2007 to open at least seven hypermarkets and 14 supermarkets. Carrefour will also launch a chain of franchised neighborhood stores and is currently negotiating the management of stores in petrol stations.
These moves by such industry big hitters comes as no surprise given the increasing consolidation in the Polish MGR sector. Last year witnessed what is likely to be the first major wave of consolidations, with A hold and Casino pulling out of the highly competitive market after failing to achieve the desired level of market share. This trend is likely to continue as the operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. for large retailers is set to become more difficult in coming years with potential limits on trading hours and mandatory Sunday closings specifically aimed at the hypermarket hy·per·mar·ket
A very large commercial establishment that is a combination of a department store and a supermarket.
a huge self-service store [translation of French format.
New regulations, should they come into effect, mean supermarkets, discounters and local high street 'express' formats (larger than convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. but smaller than most supermarkets) will dominate the expansion plans of the big retail players. Nevertheless, hypermarkets will continue to dominate the market in value terms and discount stores will play an ever greater role. We estimate that the total MGR market will experience a growth rate of 69.8% between 2006 and 2011 to reach a value of US$58.14bn.
The value of the hypermarket segment is forecast to grow by 95.2% to US$32.73bn, representing the largest value share within the MGR market. However, smaller formats such as discount stores represent the ideal format for penetrating Poland's rural areas where the majority of the population resides, with this format forecast to grow by 29.2% to US$7.04bn in 2011.
Tengelmann Group The Tengelmann Group is a holding company based in Mülheim an der Ruhr. Structure
The corporation has the following daughter companies:
Nestle Polska SA
Hochland Polska Sp zoo
Star Foods SA
Biedronka (Jeronimo Martins)
Central European Distribution Corporation (CEDC CEDC Community Education Development Centre (UK)
CEDC Children in Especially Difficult Circumstances (Program)
CEDC Club Español del Dogo Canario (Spanish) )
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