Dino Polska S.A., one of the fastest growing proximity supermarket networks in Poland opened 38 new stores in Q2 2017 compared to 28 stores last year. Therefore, at the end of June 2017, its network consists of 677 stores with a total selling area of 257.1 thousand square meters. Its network expanded by a total of 49 stores in H1 2017 compared to 46 last year. H1 2017 marked the ongoing enlargement of the Company’s volume of business supported by the robust market context, Poles’ rising income and the resurgence of inflation. According to its strategy, the Management Board of Dino Polska S.A. intends to have more than 1200 stores by the end of 2020.
In 2017 the Management Board of Dino Polska S.A. anticipates that the retail food trade will continue to grow, in the proximity supermarket segment, too, and that the positive market trends observed in 2016 will persist.
“H1 2017 was a good period for the overall market in the retail food trade and for the proximity segment in which Dino operates. We are steadily growing sales in our new and existing stores, continuing the trends observed in 2016. We have secured a pipeline of over 400 sites to build new stores and reach our target of having more than 1200 stores by the end of 2020. We would like to ramp up the number of new store openings this year, just as we have done in previous years. We usually open more stores in the second half of the year. Therefore, we will accelerate the pace of new store openings in the upcoming months.
We are constantly expanding our product range to include new and interesting branded products and we unwaveringly attach great attention to our fresh product offering that accounts for roughly 37% of our sales. We have observed robust sales in our new and existing stores. The overall market context supports further improvement in consumer sentiment. Consumer spending is climbing in conjunction with the resurgence of inflation. Poles’ rising income lends a helping hand to consumer spending. It is primarily driven by the favorable circumstances on the labor market, the 500+ program and the minimum wage hike implemented in January 2017. The upswing in disposable income translates into more frequent and more extensive shopping. The growth rate of consumer prices visible since the end of 2016 has also contributed to higher top line revenues measured by like for like sales.
The positive market trends observed in H1 2017 portend well for the upcoming months of 2017. We expect that they will act as a boon to the ongoing rapid growth of proximity supermarkets like Dino where customers shop several times a week. According to market forecasts, the proximity segment may be the fastest growing segment of the retail food trade in Poland measured using the cumulative average growth rate in the number of stores up to 2020”, says Szymon Piduch, CEO of Dino Polska S.A.
More information regarding Dino Polska S.A.:
Dino is a nationwide network of medium-sized supermarkets located in close proximity to where customers live. Its grocery stores are open every day (except for non-trade Sundays) from 6:00 a.m. to 11:00 p.m.1. The Dino network is one of the fastest growing retail grocery trade networks in Poland. At the end of September 2020 it consisted of 1,371 stores across Poland.
The Dino Group’s business model blends the advantages offered by the format of conveniently-located mid-sized supermarkets with the capability of rapidly opening new stores and offering an attractive assortment primarily entailing attractively-priced branded and fresh products.
Dino stores offer customers approximately 5 thousand stock keeping units (SKUs). Most of the SKUs are either fresh products or branded products, including a full range of groceries, household chemicals and cosmetics as well as small household articles and appliances. Every Dino store has a staffed meat counter, with the Agro-Rydzyna meat processing plant supplying high quality meat and cold cuts.
The Dino Group’s logistics network consists of five distribution centers located in Krotoszyn, Jastrowie, Wolbórz, Rzeszotary and Łobez. Its geographic range makes it possible to deliver fresh products to all of the stores in Dino’s network every day of the week.
At the end of September 2020 the Dino Group had 24.1 thousand employees.
The Company has been listed on the main floor of the Warsaw Stock Exchange since April 2017. Dino Polska S.A. is majority-owned by Polish capital.
1 Some stores are open for less than the standard working hours in connection with aligning their operation to local regulations.
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