Discount news

29 June 2022
B&M has provided a trading update for the 13 weeks between 27 March and 25 June reporting that group revenues fell 2.2%, on a constant currency basis, to £1.16 bn. Like-for-like sales in the retailer’s core UK B&M estate fell 9.1% as it had to contend with challenging comparatives versus 2021 and poor weather in 2022. April proved to be an anomaly in B&M UK’s performance In the core B&M UK ...
14 June 2022
Announcing its strong first half results, Pepco has underlined the challenges it is seeing emerge in the UK as the cost-of-living crisis impacts on shopper spending. Group revenues rise 18.9% in H1… Across all its operations in Europe, Pepco reported revenues rose 18.9%, on a constant currency basis, to €2.37 bn. Store growth remained a key driver of this growth, with store numbers rising 1...
10 June 2022
Variety discounter B&M has released its results for the 52 weeks to 26 th March 2022. How did B&M perform in 2022? Group revenue : -2.7% YOY to £4,673m (+22.5% on a 2-year basis) B&M UK : -4.7% YOY to £3,909m (+25% on a 2-year basis) LFL revenues -9.0% vs FY21 but +13.0% on pre-pandemic levels of FY20 Heron Foods : -0.9% YOY to £411m (+5.4% on a 2-year basis) Fr...
06 June 2022
Multinational retailer Dollarcity was founded in El Salvador in 2009. After almost 10 years of operation, it sold a 50.1% share of its business to Dollarama (a Canadian dollar store retail chain) for a value close to US$95m. The dollar store concept, known locally in the region as ‘dolarazos’, is becoming popular. Their strength lies in their varied assortment of consumables, general merchandi...
01 June 2022
As part of its strategic priority to reinforce is position as a low-cost operator, US-based Dollar General has launched several pilot stores that are entirely self-checkout. Fast Track programme This forms part of wider range of initiatives centred on improving efficiencies. Dollar General has not been immune from the cost headwinds which have been experienced across the industry, pressurisin...
20 May 2022
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...
17 May 2022
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...
13 May 2022
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 ...
29 April 2022
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...
22 April 2022
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...