Żabka (convenience store) explained

Żabka
Type:Sp. z o.o.
Area Served:Poland, Czech Republic, Romania
Founders:Mariusz Świtalski
Key People:Tomasz Suchański (President and CEO)
Industry:Retail
Revenue:zl 3.36 billion (2012)[1]
Parent:CVC Capital Partners
Location City:Poznań, Poland
Locations:9000

Żabka Polska, better known as Żabka (pronounced as /pl/; lit. "little frog") is a chain of convenience stores in Poland and Romania.[2] There are at least 9,000 manned and unmanned stores across Poland, including at least 500 in Warsaw and over 340 in the Tricity area, as of . Some Żabka stores are located in the Czech Republic (styled as Žabka) and owned by the Czech branch of the UK retail giant Tesco plc.[3] The retail turnover was about €650 million in 2010.[4] As of 2022, Żabka had more than 15.5 million customers.[5]

History

Żabka was founded by entrepreneur Mariusz Świtalski in 1998 and in the same year opened its first seven stores in Poznań and Swarzędz. By October 2005, Żabka had 1,700 stores throughout Poland. In 2007, Żabka was acquired by Penta Investments.[6]

In December 2010, Penta sold the Czech operations of Žabka and its Koruna subsidiary to UK retail giant Tesco plc.[7] The deal was closed in April 2011. In February 2011, Penta signed an agreement to sell the remaining Polish operations Żabka Polska, including the Freshmarket store format, to Mid Europa Partners.[3]

In 2016, Żabka underwent a rebranding. In February 2017, Mid Europa Partners closed a deal to sell Żabka for an undisclosed value (but estimated by analysts between €1 billion and €1.5 billion[8]) to the Luxembourg based CVC Capital Partners.[9]

Since 2018, after the long-expected Sunday trading ban in Poland was introduced,[10] [11] [12] [13] Żabka Polska has increased its focus on self-checkouts and automated, unmanned stores, the latter using the Microsoft Azure cloud computing platform.[14]

In 2021, Polish track and field athlete Maria Andrejczyk auctioned off the silver medal she had won at the Tokyo Olympics a few weeks earlier, to raise funds for the treatment of an eight-month-old baby; Żabka won the auction and returned the medal to the athlete.[15]

In late-2022, Jarosław Kaczyński suggested that the Polish Law and Justice government might buy Żabka from CVC Capital Partners.[16] [17]

In December 2023, it was announced that Żabka would open its first stores in Romania.[18]

In March 2024, it had been announced that Zabka will offer mobile phone repair services.

Formats

In addition to its regular manned stores, Żabka also has smaller, unmanned stores called Żabka Nano (formerly Żappka,[19] also the name of Żabka's mobile app, introduced in 2020). Żabka Nano stores are open 24 hours a day and operate without staff or checkout areas. Customers tap their payment card at the entrance to open the door to the store, take products from the shelves, and leave. Video cameras and AI are used to identify the goods taken and charge the customer.[20]

The first Żabka Nano store was opened at the grounds of the Poznań International Fair in June 2021. Notable Żabka Nano stores include one located inside Poland's largest Decathlon store in Piaseczno, opened in December 2021,[21] and a pilot store located at the Tesla Gigafactory Berlin-Brandenburg in Germany, which operated during the third quarter of 2022.[22]

Further reading

External links

Notes and References

  1. Web site: Żabka Polska Sp. z o. o. - Lista 500 - Polityka.pl. www.lista500.polityka.pl. 12 November 2017. 20 December 2017. https://web.archive.org/web/20171220204536/http://www.lista500.polityka.pl/companies/show/136. dead.
  2. Web site: Panattoni Park Wrocław II – final stage of development . Property Magazine International . October 4, 2012 . October 8, 2012.
  3. Web site: Mid Europa Buys Poland's Zabka Store Chain as Retail Market Consolidates . Bloomberg Business . February 25, 2011 . October 8, 2012 . Martewicz, Maciej.
  4. Web site: Zabka Polska sp. z o.o.: Private Company Information - Bloomberg. www.bloomberg.com. 12 November 2017.
  5. Web site: Lubisz Żabkę? Dowiedz się o nas więcej! . 2022-09-30 . Żabka . pl.
  6. Web site: Zabka sold to Penta Investments - Retail market in CEE & CIS - PMR. www.ceeretail.com. 14 July 2017 . 12 November 2017. pl.
  7. Web site: Tesco to buy Polish Zabka chain -newspaper . Reuters . February 23, 2011 . October 8, 2012.
  8. Web site: bne IntelliNews - CVC Capital Partners agrees to buy Zabka Polska. www.intellinews.com. 21 February 2017 . 2017-04-12.
  9. Web site: CVC Capital Partners - Media Centre. www.cvc.com. en. 2017-04-12.
  10. News: Most Stores Shut in Poland as Sunday Trade Ban Takes Effect. 11 March 2018. Vanessa. Gera. US News. Associated Press.
  11. Web site: Stores shut across Poland as Sunday shopping ban takes effect. Global News.
  12. 11 March 2018 . Sunday trading ban comes into effect in Poland . Raidió Teilifís Éireann . rte.ie.
  13. Web site: Stores closed as Poland phases out Sunday shopping. Polskie Radio dla Zagranicy.
  14. Web site: Żabka - largest operator of autonomous stores in Europe - aims to overtake Amazon as world's biggest . 23 January 2023 .
  15. https://www.cbsnews.com/news/maria-andrejczyk-polish-olympian-silver-medal-infant-heart-surgery/ Olympian Maria Andrejczyk auctions off medal to help pay for infant's heart surgery
  16. News: Poland close to buying PKP Energetyka from CVC Capital Partners -ruling party leader . Reuters . 12 October 2022 .
  17. News: Poland Eyes Grocery Chain as It Takes Back Control of Economy . Bloomberg . 13 October 2022 .
  18. Web site: 2023-12-21 . Retailerul polonez Zabka intră în România, prin preluarea unui pachet majoritar în cadrul distribitorului DRIM Daniel Distributie FMCG . 2024-03-09 . Economica.net . ro.
  19. Web site: Żabka Launches Cashierless Store Format, Żappka . 16 June 2021 .
  20. Web site: How Poland, Australia and India’s biggest retailers are investing for growth . 2024-08-09 . Retail Week . en.
  21. Web site: Żabka Nano otwarta w Decathlonie .
  22. Web site: Tajna Żabka u Elona Muska. Pierwszy sklep tej sieci poza Polską . 11 August 2022 .