Discount news

Lidl and Kaufland’s parent company, Schwarz group has announced its FY21 results. Key numbers for the year ending February 2022 Group sales + 6.6% to €133.6bn Kaufland sales +7.4% to €27.3bn Lidl sales +4.7% to €100.8bn Total online sales for both banners reached €1.7bn The group invested €8bn last year in opening new stores, modernizing existing ones and financia...

Aldi has opened its largest distribution centre, while Spain’s market leader Mercadona continues to grow its presence in Portugal, announcing it aims to open 10 new stores in 2022. Separately, Auchan Portugal revealed its improving partnerships with local producers. Aldi launches its largest distribution centre The discounter revealed it invested €60m in its new distribution in Moita, which i...

Since the start of the pandemic, many Mexicans have transitioned their grocery shop to smaller formats, in stores closer to their homes. Initially, this change of habit was to reduce contact and mitigate the threat of the COVID-19 virus, but they have since become accustomed to the time and cost-saving benefits of shopping locally. Mexico has a huge informal economy, meaning large sections of ...

As discounter DIA continues rolling out its new store concept and franchise model in Spain, the company has published its Q1 2022 results, posting net sales of €1 bn in its home market, 4.2% less than a year earlier. Like-for-like sales decreased by 1.8%, while the company’s store count contracted by 4.6% compared to March 2021. A shrinking store count and market share The last few years ha...

Home Bargains sales surpass £3bn The retailer’s revenue increased 20% in the year to 30 th June 2021 to £3.3bn. Alongside this, operational profit increased 52% to £394m in the period. Pre-tax profits rose similarly 51% to £396.7m. Growth was partly driven by new store openings, with the retailer opening 27 in 2021, bringing its total to 552 stores. This followed 19 store openings in 20...

Alibaba has launched a 10-Yuan online discount store that targets China's bargain hunters who are seeking daily necessities. Great deal for low-income customers On 25 March 2022, Alibaba launched the first 10-Yuan discount store on its online marketplace Taobao Deals. Each product is only priced at RMB 10 (USD 1.57), which is relatively affordable to most shoppers in China’s lower-tier citi...

Over the last decade, Lidl and Aldi have evolved from being two no-frills hard discounters paying little attention to fresh produce to become increasingly supermarket-like. Thus, while their strategy remains focused on providing low prices and a strong private label offer, they have strongly upweighted their focus on fresh and organic products and ranges. Both retailers are rising up the ranki...

Spain’s leading grocer, Mercadona, generated gross sales of €27.8 bn in 2021, up 3.3% on 2020’s figure. Net income was €680m, a 6% decrease compared with 2020. Mercadona invested a total of €1.2 bn in 2021, €920m on 79 new store openings and store refits, €180m in its supply chain and €100m to drive the development of its online business. The retailer ended 2021 with 1,662 stores, 21 more than...

Variety discounter Poundland has acquired online retail business Poundshop.com for an undisclosed amount. Who is Poundshop.com? Poundshop.com was founded in 2014. It has over 400,000 customers across the UK. The company employs 65 colleagues and is located close to Poundland’s head office in the West Midlands. Poundshop.com sells branded consumer products priced between £1 and £5 and ...

Poland’s leading retailer Biedronka and the Jeronimo Martins group were among the first retailers to react to the Ukraine crisis. Netto Poland and Circle K are also supporting refugees entering the country. All these retailers are showing their support during this difficult time for the people of Ukraine. Donation of €7 million for humanitarian aid Jeronimo Martins announced it will donate ...