Retail News: GlaxoSmithKline 2002 results; Ruch launches mini marts; Atlantic

Sales revenues of GLAXOSMITHKLINE Poland in 2002 amounted to zł. 1.13 billion, 33.3% up y-o-y ... RUCH, the state-owned press distributor, is to enter the FMCG market by creating a chain of 3,000 mini-markets, i.e. grocery stores with 100m2 of sales area and parking spaces. These mini-markets will be located chiefly in small towns with populations of less than 20,000 ... ATLANTIC, the largest domestic producer of underwear, wants to open 10 new shops and 160 franchising outlets. Currently it has 110 outlets, including 10 of its own shops in the largest shopping centers. Atlantic ended 2002 with revenues of zł. 130 million, 16% up y-o-y, and a net profit of zł. 4.5 million, 250% up y-o-y. (Retail News is C/O PMR Ltd, Retail Update No. 10, www.polishmarket.com)