Warsaw (Puls Biznesu) – The British retailer is going to spend PLN 600m (EUR 155.9m) for expansion in Poland. Next to shops, there will be gas stations and services.
Tesco launched 24 shops last year and plans 50 launches this year.
“We want to launch 50 shops of different size this year in towns of at least 10,000 inhabitants. We also want to have 10 new gas stations, up from 20 today. We will spend about PLN 600m for these projects”, Ryszard Tomaszewski, Tesco Polska CEO said.
The company will also integrate Leader Price, the retailer it has recently acquired.
“Thanks to these investments, at the end of this year, we will have 250 shops. We will also launch the first experimental shops Tesco Express”, Ryszard Tomaszewski added.
The company will also offer insurance services.
“We do not exclude further acquisitions. The retail market in Poland is going to consolidate. In 5 years, there may be 4 big retailers left with hipermarkets and supermarkets in their portfolio. There will be also three big discount networks. Our philosophy is very simple: we want to be number one”, the CEO added.
(PLN 1 = EUR 0.259)