Discount news

Home Bargains has acquired the variety discounter retailer Quality Save. This was completed on 26 January. Quality Save has 21 stores in the north of England. These will now become part of the Home Bargains estate. Quality Save was already well connected with Home Bargains, with latter's products supplied to Quality Save. Quality Save also shares very similar branding and, in some cases, the same...

European value retailer Action’s strong performance in 2022 underlines how variety discount's growth shows no signs of slowing down. The retailer’s double-digit like-for-like sales are a good reminder that this often-forgotten section of the discount channel warrants more attention. Key figures from Action’s fantastic 2022 Sales in 2022 were +30%, to €8.9 bn   Like-for-like sales +18%...

Pepco Group reported a strong performance for its first quarter of FY23, ending 31 December 2022. Total group revenue rose 27%, to €1.65 bn, year-on-year, as it delivered record trading days across all its brands following an impressive Christmas trading period.  Strong Q1 results and on track with FY23 plans Pepco Group’s like-for-like (LFL) sales grew by 13%, with its Pepco brand repor...

Aldi UK has announced it is closing its online operations in the UK. Wines and spirits will no longer be able to be purchased from the end of January and Specialbuys will no longer be available by autumn. Its click-and-collect service will however remain, in over 200 stores. What does the future hold for Aldi and online?  Aldi has said it wants to focus on low prices and estate expansion, r...

Which announces Aldi was the cheapest supermarket in 2022 Aldi was found to be the least expensive grocer for the seventh month in a row. Its basket cost £81.63, closely followed by Lidl at £83.24. Tesco came in third cheapest, ahead of Asda, Sainsbury’s and Morrisons, who all sat between £90 and £100. At the top end was Ocado at £102.87 and Waitrose at £112.62. Record Christmas results ...

A challenging 2022 has seen the discount retailer make a few changes in the new year. Securing financial funding Wilko has secured a £40m in funding to help turn around the business. According to Sky News, the company was warned last year it could run out of cash and that the loan has been obtained from Hilco UK, which owns names such as Homebase and Cath Kidston. The company has conf...

Lidl has revealed that over 1.3 million more customers shopped at Lidl GB during the four week period to 25 December with sales ahead by 24.5% year-on-year. As with Aldi’s update last week, this growth rate will include significant amounts of new space added during the course of the year. According to the retailer, shoppers switched nearly £63 million of spend from other supermarkets into Lidl...

Variety discounter B&M has reported strong results in its third quarter, which ended on 24 December 2022. Total group revenues increased year-on-year (YoY) by 12.3% to £1.57 bn. It reported a positive performance across its different fascia. Performance across the different facias B&M in the UK saw revenue growth of 10.3% YoY, to £1.3 bn, with like-for-like sales increasing by 6.4%. Cust...

Aldi UK has announced that it “delivered its best ever Christmas” with sales during December surpassing £1.4 billion, representing an increase of 26% in December. With plenty of new stores, though, it is hard to ascertain what the like-for-like performance may have been. Kantar data suggests that Aldi has continued to take market share from mainstream supermarket rivals, its most recent numbers...

We round up Iceland’s recent promotional offers as it looks to win shopper spend in the countdown to Christmas amid the cost-of-living crisis. Switch retailers to save Iceland is running a ‘switch & save’ promotion, highlighting its low prices versus other retailers. Our shopper research indicates that shoppers are actively looking around for good deals and don’t mind doing their shopp...