Tesco will only send out groceries in downtown Bratislava

There is the question of what will happen with the building on Kamenné Námestie after changing owners.

Tesco's department store My with the adjacent Hotel KyjevTesco's department store My with the adjacent Hotel Kyjev (Source: Jana Liptáková)

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.

Tesco gradually disappears

Related articleTesco halts its non-stop operation Read more 

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.

Get daily Slovak news directly to your inbox

Theme: Bratislava

Read more articles by the topic

Top stories

Slovaks know they are EU citizens and more flights take off from Bratislava (news digest)

Read an overview of news from Slovakia on Friday, July 10, 2020.

Jewish history still being made

Where exactly are Slovakia's Jewish cemeteries, synagogues and other related sights located? What is the story of Slovak Jews?

Bratislava: Chatam Sófer Memorial

PM Matovič hints at stricter measures after coronavirus cases surge

The number of new coronavirus-positive cases has been increasing the most since April.

Illustrative stock photo

Volkswagen Slovakia could receive a €500-million investment

The Igor Matovič cabinet is promising to establish a training centre, build rental flats and improve public transport for the carmaker to win the investment.

PM Igor Matovič, second from right, meeting with VW Slovakia representatives - Oliver Grünberg, the Chairman of the Board of Volkswagen Slovakia, and Andreas Tostmann, second and third from left.