Tag: poland

  • Shopee to shut its Poland operations today

    Shopee to shut its Poland operations today

    Southeast Asia’s largest e-commerce firm Shopee will close its Polish operations from the end of Friday, Shopee Polska announced on its website on Thursday.

    “The fact itself is perhaps not a big surprise, since Shopee has already withdrawn from some of its markets, and a few months ago it cut some of its jobs in Poland, so the expectations were rather that they will leave the Polish market as well”, said Wood&Co analyst Lukasz Wachelko.

    Shopee has been operating in Poland since the autumn of 2021.

  • Uniqlo to expand physical presence into Poland

    Uniqlo to expand physical presence into Poland

    Japan’s leading fast-fashion brand Uniqlo is opening a pop-up in Domy Towarowe Wars Sawa Junior in Warsaw, the capital city of Poland, this fall.

    The opening of the two-floor, 8,600-square-foot pop-up store will mark the first time the Fast Retailing-owned brand will extend its physical presence to Poland, a market served by the retailer’s Europe online store for the past six years.

    The brand operates offline stores in the U.K., France, Belgium, Germany, Spain, Denmark, Sweden, Netherlands and Italy.

    Located a stone’s throw from the landmark building Palace of Culture and Science in Warsaw, the store will stock items from the brand’s women’s, men’s and babies collections.

    Taku Morikawa, chief executive officer of Uniqlo Europe, said the decision to establish a physical presence in this new market “builds on our experience of offering customers the latest products via the Uniqlo Europe online store.”

    “Through our pop-up store, we hope to gain a deeper understanding of the Polish market and use learnings to make long-term plans for the future,” he added.

    In a previous interview, Morikawa said that Uniqlo’s European expansion plans are not to increase sales, at least not for now.

    “The priority now is to show our company and to be respected by the consumers with flagship stores showing everything and offering a good shopping experience,” he said.

    Scott Dwyer, group managing director of retail at Atrium European Real Estate, the owner of Wars Sawa Junior, believes Uniqlo will “feel right at home” as “Wars Sawa Junior is the perfect place to start a presence in the Polish market for the most popular international brands.”

    “The location is right in the bustling city center, close to the city’s busiest commuting hubs, business districts and most popular tourist attractions. By working with brands such as Uniqlo, we wish to attract a new generation of customers that values a genuine relationship with brands and the ability to directly experience the products they offer.”

  • Shopee launching platform in Poland

    Shopee launching platform in Poland

    Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters.

    The move will be the first expansion into European e-commerce for the $190 billion Singapore-headquartered technology group, whose gaming arm Garena is already active in the region.

    Shopee is simultaneously preparing to launch in India, Reuters reported last week, after aggressively expanding in Latin America since earlier this year.

    One of the sources told Reuters that Shopee is cautiously scaling up its global expansion by testing out possible new markets.

    The two sources, who requested anonymity because they were not authorized to speak to media, said Shopee will also launch in Argentina in the coming months.

    The firm is already the dominant player in e-commerce in Southeast Asia, according to market researchers, bringing in $1.2 billion globally in revenue for the quarter ending June 30.

  • Citigroup to exit consumer banking in Vietnam

    Citigroup to exit consumer banking in Vietnam

    America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers.

    The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale and growth potential, it stated, adding its main markets will include Singapore, Hong Kong, the United Arab Emirates and London.

    Apart from Vietnam, 12 other markets to be affected are Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan and Thailand.

    “While the other 13 markets have excellent businesses, we don’t have the scale we need to compete. We believe our capital, investment dollars and other resources are better deployed against higher returning opportunities in wealth management and our institutional businesses in Asia.”

    The bank has not specified when it would leave Vietnam.

    Citigroup in 1994 became the first U.S. financial institution licensed to open a branch in Hanoi. It opened its second branch in Ho Chi Minh City in 1998.

  • Papa John’s launches in Cambodia

    Papa John’s launches in Cambodia

    US pizza chain Papa John’s is launching in Cambodia with 15 restaurants scheduled to open during the next three years. The company opened its flagship store in Phnom Penh last month.

    “Papa John’s Cambodia team is truly passionate about pizza,” said Peter Xu, Papa John’s Cambodia franchisee.

    “With our ‘Better ingredients – Better pizza’ promise, we look forward to providing local pizza lovers with quality products and outstanding services.”

    Xu also owns a Papa John’s franchise in New York and other business ventures in Cambodia.

    Jack Swaysland, Papa John’s COO, international, said that following a record year of sales and growth, Papa John’s is well-positioned to accelerate international development, a key pillar for the brand’s long-term growth.

    Papa John’s has restaurants in 48 countries, with the latest new openings in France, Spain, Tunisia, Iraq, the Netherlands, Morocco, Kazakhstan, Kyrgyzstan, Poland, the Bahamas, Pakistan, and Portugal. The company is eyeing expansion in Brazil, Japan, and Southeast Asia.

  • Ikea Home of Tomorrow urban concept unveiled in Poland

    Ikea Home of Tomorrow urban concept unveiled in Poland

    Home furnishings giant Ikea has introduced its new environmentally friendly concept store in Szczecin, Poland, dubbed the Ikea Home of Tomorrow.

    The new store concept was designed for customers who are looking for a zero-waste lifestyle

    Located in a 120 year-old building, Ikea Home of Tomorrow houses a soil-free home garden featuring a wide range of plants, including tomatoes, strawberries, herbs, and even spirulina. Ikea customers can create their own in-door ‘farms’ such as microgarden, aquaponic farm, spirulina farm or aeroponic farm.

    Ikea Home of Tomorrow also introduces a metabolic process where waste can be used in many different ways. For example, coffee grounds can be composted and used as fertiliser or to make candles and cosmetics.

    The Creative Zone offers household equipment for reparation and modification which customers can use to give worn-out furniture a second life. Meanwhile, the store features a kitchen called Planning Space where visitors can learn to make vegetarian dishes from ingredients taken from the farm.

    “We wish to encourage the residents of Szczecin to take responsibility for waste,” said Gustaw Jakubowski, Ikea, who was responsible for bringing Ikea Home of Tomorrow to life.

    “I believe that only by starting to vote with our wallets for environment-friendly solutions we will create a substantive step towards sustainable life.”

  • Poland’s Jatomi Fitness moves into Thailand

    Poland’s Jatomi Fitness moves into Thailand

    Thailand is Jatomi’s third country in Asean after the company opened branches in Malaysia and Indonesia, group chief executive officer Tracy Gehlan said.

    Currently, the company has more than 150,000 members across its 70 clubs in seven countries. Originating in 2008 from Poland, it has locations in the Czech Republic, Romania and Turkey as well as expanding into Southeast Asia, where it has locations in Malaysia, Indonesia and now Thailand.

    It plans to expand to 250 clubs worldwide over the next five years, she said.

    Gehlan said the company was expanding into Thailand because of the country’s strong market potential. Currently, only 0.3 per cent of the Thai population regularly uses a fitness club, with many finding the expense of joining such a club too high, and many quit working out as they fail to achieve their desired results.

    Jatomi Fitness is focused on being one of the world’s most innovative fitness-club operators. It says it aims to deliver a truly accessible and vibrant fitness experience to its members at good value, using state-of-the-art equipment and professional personal trainers who have expertise in nutrition and health.

    Its first club in Bangkok opened at Big C Rajdamri with 1,300 square metres of club space. The second is at Tesco Lotus Rama 4, with 1,450sqm of club space. Both locations are easily accessible via public transport and located to ensure that going to the gym fits in with their daily routine, Jatomi says.

    The club offers membership fees starting at Bt1,300 per month.

    The company aims to have 48,000 members in Thailand by 2018.