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Tesco plans to shrink hypermarkets in Slovakia as well.

The British retail chain is going to reduce the area of their stores, especially hypermarkets, including those located in Slovakia.Tesco, the British retail chain that is the second largest of its kind in Slovakia in terms of its turnover and number of employees, will start reducing the size of its hypermarkets.

This move will also affect Slovakia, the Sme daily wrote on January 29.Tesco which has a turnover of Pound 1.5 billion and over 10,000 employees has not specified the number of stores that will undergo this change.

In an interview with the Czech MF Dnes daily, the head of Tesco for central Europe, Matt Simister, said they would mainly shrink hypermarkets with an area of 10,000 square metres to about 6,000 square metres. He did not specify, though, how many hypermarkets his company plans to reduce in the Czech Republic, either.

"We evaluate our hypermarkets in Slovakia individually, and thus, we do not exclude optimising the floor space of some of them or reducing it while offering the freed space to interesting tenants," Simister wrote in a statement, as quoted by Sme.Change in consumer habitsThis step is a consequence of change in consumers' behaviour instead of one or two big shopping trips a week, they have opted for several smaller shopping trips daily especially in big cities and medium-sized towns.

By shrinking its space, the retail chain wants to make shopping more attractive for customers, who can then find several shops in one place.In Slovakia, Tesco has already decreased the space of its Zlate Piesky hypermarket in Bratislava.

The excessive space was divided among various tenants, like a pharmacy and optician.In this way, Tesco increases the effectiveness measured in revenues calculated per floor space or a shop, trade analyst ubos Drahovsky said for Sme.

"It is not a sign of failure, but a sign of seeking maximum effectiveness," he summed up. 30. Jan 2018 at 13:43 |Compiled by Spectator staff

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Publication:Slovak Spectator (Bratislava, Slovakia)
Geographic Code:4EXSV
Date:Jan 30, 2018
Words:374
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