Tesco, Metro Group Revamp Retail Operations In Poland

Tesco and Metro Group are evaluating their retail operations in Poland, as the local market becomes more competitive and risky, with the government announcing a new tax law in autumn 2016. After closing six stores in March 2015, Tesco is reportedly planning to close seven small stores by September 2016. Tesco is working to improve the efficiency and profitability of its operations in Central and Eastern Europe, including the closure of 20 percent of its convenience stores in the Czech Republic in its 2015-2016 fiscal year. For its part, Metro Group plans to close its small cash & carry format in the country.