Replacement Ninth Store Opening

RNS Number : 7566S

DP Poland PLC

24 November 2011

 



This announcement replaces the RNS numbered 6765S released today at 07.00. In the quote, the target of "12 store openings in 2012" has been changed to 2011. The full amended text is shown below.

DP Poland plc

("DP Poland" or the "Company")

DP Poland is pleased to announce the opening of its ninth store in Warsaw

DP Poland's ninth store opens today in a suburb of Warsaw, west of the city centre. Pruszkow is an affluent commuter suburb and the ninth store is located in the shopping area on a busy road opposite the popular park.

Peter Shaw, Chief Executive of DP Poland said:

 "We are now expanding our reach west of the city into Pruszkow, a suburb with over ninety thousand households. Within easy reach of the city centre Pruszkow allows us to extend our brand franchise in an affluent neighbourhood with the potential of supporting a number of stores in the future. We now have stores in inner city mixed residential and commercial, central business district and suburban locations and our store teams are building sales according to the specific needs and motivations of their customers. In this context I am particularly pleased that the value of the average transaction is growing significantly across all stores and that a significant proportion of customers are buying more than once a month, reflecting their willingness to pay for great quality and speed of service. I am also pleased to confirm that the store teams are being recruited and trained for the three store openings in December, to hit our target of 12 store openings in 2011. Our steeply building sales reflect this concentrated store opening programme."

24 November 2011

Enquiries:

DP Poland plc	c/o of College Hill 020 7457 2020
Peter Shaw, Chief Executive
College Hill	020 7457 2020
Matthew Smallwood
Justine Warren
Seymour Pierce	020 7107 8000
Guy Peters - Corporate Finance

 

END

 

 

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