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Work begins on 'Polish Disneyland' [37]
Poland's GDP rose by over 4% last year and BOMI is in the richest parts of Poland. In the UK a major Supermarket located in the most affluent parts of the UK would never go under. Can you imagine Waitrose going bust? The worrying thing for Poles is that all of the Large and Medium sized Supermarkets will soon be foreign owned (Auchan, Tesco, Aldi, Netto, Lidl, Biedronka, Real, Carrefour) and add on top of that Leroy Merlin, Costorama and RTV Euro, Makro!! Can you name a large Polish shop? Alma... and if BOMI are finding it tough then Alma must also be. Think of the proportion of household spending that goes via Supermarkets (Our household spends about 12,000zl a year in Supermarkets) it is a very worrying trend.
If you take a look at the UK retail sector and failures then the business that they leave behind is being taken by UK owner business on the whole or have succumbed to the internet. (Clinton Cards, Game, Barratts, Alexon, T J Hughes, Jane Norman, Habitat, Focus DIY, Floors-2-Go, the Officers Club, Oddbins, Ethel Austin, Faith Shoes, Adams Childrenswear, Thirst Quench, Stylo, Mosaic, Principles, Sofa Workshop, Allied Carpets, Viyella, Dewhursts, MFI, and Zavvi/Virgin Megastore) If you look at some companies that went under they have re-opened online (woolworths, mfi) and have used the recession merely as an excuse to restructure/cut costs.
The same for Olt Express can you imagine Easyjet going bust? What percentage of UK airlines have gone bust in the last 10 years? (I can think of silverjet an all business class airline). Malev went bust because they were stopped from receiving state aid but LOT do and are still around just hanging on.