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Żabka (convenience store)

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Żabka
Company typeSp. z o.o.
IndustryRetail
Founded1998; 26 years ago (1998)
FoundersMariusz Świtalski
Headquarters
Poznań
,
Poland
Number of locations
10,014 (2023)
Area served
Poland, Romania, Czech Republic, Slovakia
Key people
Tomasz Suchański (President and CEO)
Revenuezł 19.806 billion[1] (2023)
zł 1.383 billion[1] (2023)
zł 360.164 million[1] (2023)
Total assetszł 15.574 billion[1] (2023)
Total equityzł 908.741 million[1] (2023)
Number of employees
2,947 (2023; corporate office only)[1]
ParentCVC Capital Partners
Websitewww.zabka.pl
A Żabka store in Warsaw with the old logotype, February 2015.
A Żabka store in Tomaszów Mazowiecki with the current logotype, December 2019.

Żabka Polska, better known as Żabka (Polish pronunciation: [ˈʐapka]; lit. "little frog"), is a Polish chain of convenience stores with approximately 10,500 locations across Poland, operated by around 9,000 franchisees.[2] The company serves over three million customers daily[3] and generated approximately €4.6 billion in revenue in 2023.[1]

Żabka stores feature a Żabka Cafe area where customers can enjoy fast food, hot snacks and freshly brewed coffee.[4] The company also offers several products under its own brands, such as Szamamm ready-to-eat meals, Tomcio Paluch sandwiches, Wycisk fresh juices and lemonades, and Foodini healthy liquid snacks.[5] Additionally, the stores provide various services, including lottery tickets, credit and debit card cash deposits and withdrawals, gift and prepaid card purchases, utility bill payments, and parcel delivery and collection.[6]

The company has been expanding into new formats, including unmanned Żabka Nano stores and drive-through Żabka Drive stores.[7] Since 2024, the Żabka Group has been expanding into the Romanian market under the Froo brand, aiming to operate 200 stores and generate €175 million in revenues by the end of the year.[8]

History

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A Žabka Czechia store in Prague, Czech Republic

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.[9]

In December 2010, Penta sold the Czech operations of Żabka (localized as Žabka) and its Koruna subsidiary to UK retail giant Tesco plc.[10][11] 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.[10]

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[12]) to the Luxembourg-based CVC Capital Partners.[13]

Since 2018, after the long-expected Sunday trading ban in Poland was introduced,[14][15][16][17] Żabka Polska has increased its focus on self-checkouts and automated, unmanned stores, the latter using the Microsoft Azure cloud computing platform.[18]

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.[19]

In late-2022, Jarosław Kaczyński suggested that the Polish Law and Justice government might buy Żabka from CVC Capital Partners.[20][21]

In December 2023, it was announced that Żabka would open its first stores in Romania.[22]

In March 2024, it had been announced that Żabka will offer mobile phone repair services.[citation needed]

As of November 2024, Żabka is listed on the Warsaw Stock Exchange under ticker ZAB.

Formats

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Żabka Nano in Katowice

In addition to its regular manned stores, Żabka also has smaller, unmanned stores called Żabka Nano (formerly Żappka,[23] 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.[24]

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,[25] and a pilot store located at the Tesla Gigafactory Berlin-Brandenburg in Germany, which operated during the third quarter of 2022.[26]

References

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  1. ^ a b c d e f g Skonsolidowane sprawozdanie finansowe za rok zakończony 31 grudnia 2023 roku [Consolidated financial statement for the year ended 31 December 2023] (pdf) (Report) (in Polish). Żabka (published 2024-07-11). 2024-03-15. eKRS document ID: 8652621.
  2. ^ "O Żabce" [About Żabka] (in Polish). Żabka. Retrieved 2024-10-07.
  3. ^ Sawyer, Anna (2023-12-12). "Żabka's Culture of Convenience Makes Customers' Lives Easier". Gallup. Retrieved 2024-10-07.
  4. ^ "Żabka Cafe" (in Polish). Żabka. Retrieved 2024-10-07.
  5. ^ "Marki własne" [Own brands] (in Polish). Żabka. Retrieved 2024-10-07.
  6. ^ "Wygodne usługi w Żabce" [Convenient services at Żabka] (in Polish). Żabka. Retrieved 2024-10-07.
  7. ^ "Żabka Non Stop i Żabka Drive – nowe formaty sklepów, które ułatwią zakupy" [Żabka Non Stop and Żabka Drive – new store formats to make shopping easier] (in Polish). Żabka. 2023-11-02. Retrieved 2024-10-07.
  8. ^ Pekic, Branislav (2024-06-07). "Poland's Żabka Opens Pilot Store In Romania". European Supermarket Magazine (ESM). Retrieved 2024-10-07.
  9. ^ "Zabka sold to Penta Investments - Retail market in CEE & CIS - PMR". www.ceeretail.com (in Polish). 14 July 2017. Retrieved 12 November 2017.
  10. ^ a b Martewicz, Maciej (February 25, 2011). "Mid Europa Buys Poland's Zabka Store Chain as Retail Market Consolidates". Bloomberg Business. Retrieved October 8, 2012.
  11. ^ "Tesco to buy Polish Zabka chain -newspaper". Reuters. February 23, 2011. Retrieved October 8, 2012.
  12. ^ "bne IntelliNews - CVC Capital Partners agrees to buy Zabka Polska". www.intellinews.com. 21 February 2017. Retrieved 2017-04-12.
  13. ^ "CVC Capital Partners - Media Centre". www.cvc.com. Retrieved 2017-04-12.
  14. ^ Gera, Vanessa (11 March 2018). "Most Stores Shut in Poland as Sunday Trade Ban Takes Effect". US News. Associated Press.
  15. ^ "Stores shut across Poland as Sunday shopping ban takes effect". Global News.
  16. ^ "Sunday trading ban comes into effect in Poland". Raidió Teilifís Éireann. 11 March 2018 – via rte.ie.
  17. ^ "Stores closed as Poland phases out Sunday shopping". Polskie Radio dla Zagranicy.
  18. ^ "Żabka - largest operator of autonomous stores in Europe - aims to overtake Amazon as world's biggest". 23 January 2023.
  19. ^ Olympian Maria Andrejczyk auctions off medal to help pay for infant's heart surgery cbsnews.com
  20. ^ "Poland close to buying PKP Energetyka from CVC Capital Partners -ruling party leader". Reuters. 12 October 2022.
  21. ^ "Poland Eyes Grocery Chain as It Takes Back Control of Economy". Bloomberg. 13 October 2022.
  22. ^ "Retailerul polonez Zabka intră în România, prin preluarea unui pachet majoritar în cadrul distribitorului DRIM Daniel Distributie FMCG". Economica.net (in Romanian). 2023-12-21. Retrieved 2024-03-09.
  23. ^ "Żabka Launches Cashierless Store Format, Żappka". 16 June 2021.
  24. ^ "How Poland, Australia and India's biggest retailers are investing for growth". Retail Week. Retrieved 2024-08-09.
  25. ^ "Żabka Nano otwarta w Decathlonie".
  26. ^ "Tajna Żabka u Elona Muska. Pierwszy sklep tej sieci poza Polską". 11 August 2022.

Further reading

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