HIT earmarks zl. 115 million for new hypermarkets throughout Poland

German hypermarket operator HIT plans to invest zl. 115 million over two years into the development of its Polish store network. "We plan to establish a hypermarket in Piastow, Lodz, Legnica and Wloclawek," said HIT president Piotr Korek. "They will open in 2002. The fifth market will be in Gdansk and will open a year later. For this endeavor we intend to spend zl. 100 million." HIT's plans for 2002 include refurbishing its first Polish location at Gorczewska Street in Warsaw. The company plans to transform the old hypermarket hall into a shopping mall that will be connected to a new hypermarket and a MediaMarkt outlet. The remaining zl. 15 million has been earmarked for this project and 60% of the space in the mall has already been leased. (Puls Biznesu, p. 8) P.J.