Tesco Poland Plans To Scale Down Operations After Profits Decline

Tesco plans to downsize its retail operations in Poland in 2017, following a 3.6-percent drop in year-on-year profits in 2016. According to the retailer, its profit dropped to PLN 10.8 billion in fiscal 2016/17, compared with PLN 11.2 billion in the previous year. Tesco plans to close some stores in the country, reducing its retail space by about 33,000 square meters, according to the Rzeczpospolita newspaper.