Latest Intelligence on Retailing in Poland

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Type Product title / description Pub Price
CommentWire
CommentWire

BP: PKN buys sites in northern Germany

BP has escaped part of a potential write down on its Veba acquisition. Regulators demanded that the oil major shed 5% of its retail market share and a refinery stake - failure to find buyers would entail costly site closures for BP. PKN will struggle to realize short-term value, but could benefit from a downstream upturn.

Published By Datamonitor
11 Dec 2002
CommentWire
CommentWire

BP: shedding stations

Tough conditions in Hungary and Slovakia have prompted BP to shed its newly acquired Aral service stations in these countries. Although it has also sold two stations in Poland to Jet, BP is adamant it will remain in this market. Staying would be wise: the company has a good position as the largest foreign player, and has identified more attractive prospects.

Published By Datamonitor
06 Jun 2002
CommentWire
CommentWire

Carpetright: progress on all fronts

For the 52 weeks to 28 April, 2007, Carpetright's sales rose by 5.4%, while profits increased by 5.1%. The retailer continues to grow sales in a declining domestic market, while its fledgling European operations represent a good opportunity for future growth.

Published By Datamonitor
26 Jun 2007
CommentWire
CommentWire

Carpetright: reluctant to leave familiar ground

Floor coverings specialist Carpetright has acquired UK retailer Carpetworld for GBP7.2 million, adding a further 13 stores to its portfolio. Additionally, in a slightly more exploratory move, the firm has completed the purchase of 11 stores in southern Holland from Dutch retailer Ben de Graaff Tapjit for E8.0 million.

Published By Datamonitor
01 Apr 2008
CommentWire
CommentWire

Eastern European Retail: foreign chains rattle the small shopkeepers

The new Polish government of the conservative Law and Justice party has promised to examine the encroachment of hypermarkets into the country's retail sector. However, an element of political calculation is thought to be involved in this: while about 100,000 people are employed in large stores, the retail sector as a whole employs more than 2 million, mainly in small independent shops.

Published By Datamonitor
21 Nov 2005
CommentWire
CommentWire

Jeronimo Martins: Plus provides additional revenue

Portuguese retailer Jeronimo Martins has reported strong sales and profit growth for the first half of 2009, boosted by last year's acquisition of Plus discount stores in Portugal and Poland. In spite of the economic downturn, the retailer is somewhat optimistic about the second half as sales at its supermarkets and discount stores remain resilient.

Published By Datamonitor
27 Jul 2009
CommentWire
CommentWire

Jeronimo Martins: strong growth ahead of Plus integration

Portugal's second largest retailer, Jeronimo Martins, has unveiled outstanding growth in both sales and profits for the first quarter of 2008. The group's turnover was boosted by a particularly buoyant performance from its Polish discount chain Biedronka. A strong start to the year puts the retailer in a good position ahead of the integration of the Plus chain.

Published By Datamonitor
01 May 2008
CommentWire
CommentWire

Kingfisher: B&Q upsets a good performance

On the surface, Kingfisher's results look promising, with a 6.4% rise in total sales, helped by a 1.9% like-for-like improvement, but beneath this, the Group has a number of underperforming divisions it needs to address. Crucially, this includes B&Q in the UK, and with an uncertain economic outlook in the UK, B&Q has its work cut out.

Published By Datamonitor
30 Nov 2007
Expert View
Expert View

Kingfisher: results better than expected; outlook bleak

DIY retail group Kingfisher has posted better than expected results for 2008/09, with total retail sales up 11.1% to GBP5,130m, masking a like-for-like decline of 2.6%. However, the gloomy prospects for the DIY market could mean hard times ahead for Kingfisher. In the current climate, managing costs and cashflows has become all important, as the global outlook continues to darken by the day.

Published By Datamonitor
18 Sep 2008
CommentWire
CommentWire

Kingfisher: weak UK performance takes shine off strong international results

Kingfisher, Europe's leading home improvement retailer, pinned the blame for a disappointing set of UK figures on the recent unseasonal weather. While results from other markets are generally encouraging, Kingfisher desperately needs to convince skeptical investors that its recovery strategy at B&Q can deliver results.

Published By Datamonitor
30 Jul 2007

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