Tesco Poland extends restructure plans and exits large hypermarkets
At its H1 results presentation, Tesco has shared new detail about the restructure of its Polish operations, its largest business in central Europe.
Tesco closed 62 unprofitable stores in Poland in 2018/19. The restructure continued this strategy by selling 17 sites that included eight of its largest hypermarkets. This disposal of property earned it £156m (€175m) and released value that will contribute to its 2019-20 full year financial performance.
Related news
Carrefour Cuts Salt From Some Bakery Items By 25%
French retailer Carrefour has announced that it has reduced the…
Read more >
RetailZoom: “Does Size Matter?” – how the size of domestic chains influence shopper experience
Since the pandemic, all domestic chains have sky-rocketed in sales.…
Read more >
Asda pushes forward plastic reduction commitment
Asda has removed more than 6500 tonnes of plastic packaging…
Read more >Related news
The Night of Modern Factories event series is becoming more and more successful
The national online and live event series The Night of…
Read more >
The new competitiveness-enhancing EU tenders were presented at the information forum of the Budapest Chamber amid huge entrepreneurial interest.
After a gap of more than a decade, EU tenders…
Read more >
The most exciting agricultural technology event is coming
The rebirth of agriculture in the struggles of the generations,…
Read more >
