This is a snippet of the transcript, sign up to read more.
Before I drove the strategy in 2008, there was no one responsible for it (fresh meat offering) due to a lack of competent people. The situation was similar with the fruit and vegetable offering; there was no strategy in place. Moreover, there were 900 locations at that time. This was before Biedronka took over the Plus network and started expanding their locations in Poland. It was smaller scale.
This is a snippet of the transcript, sign up to read more.
In terms of the presence of Biedronka, at that time, we're talking about 900 locations. The country was divided into five regions. Each region would have their own supplier and one distribution center. The supplier would take the produce to the distribution center and, from there, the produce would be distributed to the stores.
This is a snippet of the transcript, sign up to read more.
The total sales of the category (packaged meat) ranged between 1.6% and 1.8% of total sales. Since 2012, Biedronka has had a 2% sales ratio in terms of meat. Before 2014, it was estimated that it would reach between 2.5% and 3% of total sales. However, when the first 25 meat counters were launched, that figure rose to 4% in those locations.
This is a snippet of the transcript, sign up to read more.
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2024 IP 1 Ltd. All rights reserved.
Subscribe to access hundreds of interviews and primary research