People visiting the My department store situated on Kamenné Námestie square in downtown Bratislava may be welcomed by the increasing number of empty shelves and stalls.
One of the reasons may be the change of the store’s owner, the Denník N daily reported.
Tesco Stores sold its last department store building to the Mirage Shopping Center company of Žilina-based businessman George Trabelssie, for more than €20 million at the beginning of this year.
What will change?
Tesco first assured its customers that not much would change. The range of products started to decrease in early March, when the retailer moved its assortment to only one of the two buildings.
Further changes are planned for autumn, where only the sale of groceries at the underground level will remain, Denník N wrote.
It is questionable which assortment will be kept in the store after the changes. It is possible that Tesco will offer only groceries, plus some drugstore and fast-moving products on the reconstructed premises. This means that it will not offer clothes, home appliances and furnishings as it does now.
This does not mean that the department store will not sell these goods, Denník N wrote. It is up to its new owner whether it will find new tenants for the premises.
Trabelssie said that he will not interfere with the building. He does not know what he will eventually do with it. For now, he plans to change the interiors and keep the tenants. He also plans to turn the building, which was the first department store in Czechoslovakia, into a shopping centre similar to Aupark and Eurovea, Denník N reported.
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If Tesco remains in the building in Kamenné Námestie, it will be a change to its previous performance. Although the retailer bought buildings owned by the US retail chain Kmart in 1996 in several towns across Slovakia, after it sold them to new owners Teco gradually disappeared.
The retailer has closed six of its department stores in the past years, with the last being in Žilina. It was bought by Trabelssie as well. The businessman also owns the Nitra-based Tesco building.
By selling its last department store in Slovakia, Tesco will close one chapter of its activities in Slovakia, Denník N wrote.
The company has taken several steps to making its operation more efficient, most of which have impacted customers. It has closed several shops that had not reported the required results and reduced opening hours, as the daily reminded.
There is the question of whether it will continue with further reductions. Trade market analyst Ľubomír Drahovský opined for Denník N that the sale of department stores in Slovakia may also indicate the strategy of a gradual withdrawal from the market.
22. Aug 2019 at 13:39 | Compiled by Spectator staff