Pepco is very popular in Poland, but as it turns out, it is not so popular among customers everywhere. The group announced that it was slowly withdrawing from the Austrian market, where it did not achieve the expected profits. How many will close? And will similar changes await our country?
Will Pepco stores be closed? Is Pepco withdrawing from Poland? For now, the changes will only apply to Austria
In 2021, the Pepco Group took over 29 stores from CCC Austria. The expansion was significant, because in 2024 the chain already had 73 branches throughout the country. However, this turned out to be insufficient, and the company’s owners decided to withdraw from the market. As it turns out, the reason is poor financial results.
Exiting the Austrian market will improve the Group’s capital situation and profitability in 2024, and will also allow it to focus on other markets where it will be possible to generate higher returns. (…) The announcement does not affect Pepco’s operations in other countries
– in a statement issued by the store chain.
What’s happening with Pepco stores? The chain plans to expand to other countries
Fortunately, the changes will bypass Poland. In our country, the chain is doing well and there is no indication that any branches will be closed. As we read on the website, the chain has over 3,600 stores throughout Europe, but most of them, as many as 1,312, are located in Poland. According to reports, Pepco plans to expand to markets where it can count on the highest profits, so it plans to expand its operations in Great Britain, as well as in Italy and Spain.
Source: Gazeta
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