Discount news

Over the last 10 years, Dollar General has opened more than 8,000 stores, recently surpassing the 18,000 store mark. But even by its standards, the plan to undertake over 3,000 store projects next year is a bold ambition. Dollar General’s store development plans breaks down into four key buckets: New core stores Remodels New Popshelf stores Testing international expansion in Mex...

US-based Dollar Tree is raising its opening price point from $1.00 to $1.25. We look at why the retailer is making this move, and why now. Last store standing Dollar Tree has stood alone in the US dollar store channel for several years with its $1.00 price point. Its core competitors, Dollar General, Family Dollar (which it acquired in 2015) and 99 Cents Only have long operated with higher ...

Lidl GB has announced a new store target for 2025.   How many stores does Lidl GB want to open? The retailer aims to reach 1,100 stores by the end of 2025. What do these numbers tell us? Lidl was previously targeting 1,000 stores by 2023, showing it wants to maintain the 50 stores per year opening rate. Lidl will remain the smaller of the two discounters in the UK, with Aldi ...

Variety discounter B&M’s half year results for the 26 weeks to 25 September show a decline in performance from its Q1 sales. Key numbers: Group revenue £2,268m +1.2% year-on-year (+26.8% vs 2019 pre pandemic figures) Group adjusted EBITDA of £282.2m, representing growth of +86.4% vs H1 FY20 B&M UK revenue £1,909m +1.3% (+31.1% vs 2019) 14 gross new store openings (9 ...

Walmart Mexico (Walmex) has reported another strong set of quarterly results for Q3 2021. Its total revenue grew by 7.7%, totaling MX$145.6 bn (US$7.2 bn), with same-store-sales growth of 6%. In March 2021, we covered Walmex’s strategic priorities for 2021 , which were announced during its annual Walmex Day event. Here we explore the solid progress it has made against two pillars: leading i...

2021 has been a busy year for variety discounter Poundland. It launched an online trial, opened its first convenience store banner, and continued to grow its grocery range. The retailer’s evolution shows no sign of slowing down as we head into winter. Fulton Foods transformations Following its acquisition of the frozen food specialist Fulton Foods in October 2020, Poundland continues to c...

Consum’s sales increased by 13.3% in 2020, while Eroski highlighted its new commitments to become more sustainable and Grupo IFA and the Gasol Foundation extend their partnership to continue its research about childhood obesity. Finally, Aldi has expanded its partnership with Glovo to advance its last mile delivery offer. Consum’s increase sales 13.3% in 2020 Consum’s sales increased by 13.3%...

The UK food and drink market continues to face a period of unprecedented change.  As we all learn to live with coronavirus there is a general movement back to pre-pandemic patterns, but not for everything – some behaviours will have changed fundamentally for the long term. And it’s not only the pandemic that is stimulating these changes.   Companies are also learning how to operate in a pos...

As the retailer continued to invest in its operations, Aldi UK and Ireland has reported a fall in profits in its 2020 financial year, ahead of the publication of its full accounts at Companies House. Sales rise strongly, but profits drop Aldi reported sales rose 10.2% in its 2020 financial year, to £13.5 bn, up from the 8.3% sales increase it reported in 2019. Despite the increase in sales,...

Following its trademarking of ‘Shop & Go’ with the Intellectual Property Office, Aldi has launched its first check out free store. Where is the trial taking place? Aldi is trialling the new technology in a London store, the location of which has not yet been announced. How will it work? From our understanding, shoppers will use their phones to access the store via a smartphone...