The company said results were hit by weaker December sales caused by unfavorable weather, lower margins and slower-than-expected acquisition of new sites. In 2008 Ruch wants to spend zł.100 million on capital investment, including new IT systems, upgrades of its store network and new sites. Pawel Sobkow, Ruch's head of retail sales, said the company was buying new locations for its coffee shops and preparing to rebrand the Tchibo chain it acquired last year. Ruch has also launched a pilot convenience store project, which it could develop into a franchise if it proves successful. (Puls Biznesu, p. 12; Parkiet, p. 8; Rzeczpospolita, p. B7) R.M.
Ruch posts record results and continues to expand
2008-02-15 00:00
publikacja
2008-02-15 00:00
2008-02-15 00:00
The company said results were hit by weaker December sales caused by unfavorable weather, lower margins and slower-than-expected acquisition of new sites. In 2008 Ruch wants to spend zł.100 million on capital investment, including new IT systems, upgrades of its store network and new sites. Pawel Sobkow, Ruch's head of retail sales, said the company was buying new locations for its coffee shops and preparing to rebrand the Tchibo chain it acquired last year. Ruch has also launched a pilot convenience store project, which it could develop into a franchise if it proves successful. (Puls Biznesu, p. 12; Parkiet, p. 8; Rzeczpospolita, p. B7) R.M.