Jeronimo Martins has confirmed that it is to expand its Biedronka chain in Poland.

The Portugal-based retailer said today (23 June) that it will spend EUR300m (US$367m) per year on the expansion – 70% of capex from 2010 to 2012.

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Jeronimo Martins said it will increase its store count in Poland to 2,000 by 2012. The retailer currently operates 1,500 stores. Plans also include the opening of a further three distribution centres by 2012, bringing the total to 12.

In April, the retailer reported a 30% rise in first-quarter profits after enjoying strong like-for-like sales at home and in its overseas market, Poland.

Net profit leapt 30.1% to EUR42.3m after like-for-like sales climbed 9.7%.

Same-store sales from Jeronimo Martins’ Biedronka chain in Poland jumped 13.3%.

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