Conventional retail could drop by 10% this year – Euromonitor

The trade in conventional outlets such as supermarkets, hypermarkets and convenience stores could drop by as much as 10 percent this year, according to data released by Euromonitor. According to the report sales in hypermarkets will drop by 1.4 percent to PLN 28.3 billion and that trend will continue in the next few years. “There aren’t much space left for these kind of stores. They can only be built in big cities. We’re more focused on the convenience stores and supermarket segments,” said Guillaume de Colonges, CEO of Carrefour Polska in Rzeczpospolita. This segments have the most potential for growth, along with discount stores, which are expanding their stock and offering more products such as wine or sea food. In 2014 sales in discount stores should increase by 6.8 percent to PLN 45.3 billion, convenience stores should rise by 5.3 percent (to PLN 25.8 billion) and supermarkets sales are expected to rise by 3.7 percent (PLN 30.8 billion). On the other hand, sales in small stores will drop by 10.2 percent, to PLN 43.9 billion.