Discount news

20 January 2022
A new chief commercial officer is appointed, as Ryan McDonnell prepares to step into the CEO position. New chief commercial officer Last year the retailer announced Lidl GB CEO Christian Härtnagel would take the reigns of its German operations in March 2022. After serving more than five years in the post, and over 18 years with the retailer in a variety of roles and geographies, he hands ...
14 January 2022
Pepco, owner of PEPCO, Poundland and Dealz, has announced its Q1 trading results. Poundland’s continued evolution drives sales Key numbers for Q1 (ending 31 st December): +12% total group revenue year-on-year (led by PEPCO at +20%) +1.5% like-for-like growth for Poundland Poundland’s results follow a positive FY2021 for the retailer, when it saw like-for-like sales of +...
13 January 2022
Despite the uncertainty and complexity created by the COVID-19 pandemic over the last 18 months, retailers across Europe have continued to focus on and invest in store innovation to meet the changing demands of the shopper. From hydroponic herb greenhouses and walkout payment technology, to restaurant meals and refill stations, the market is developing exciting new concepts and opportunities t...
11 January 2022
As ever, the discounters have reported a fantastic Christmas, with ‘record’ results and footfall. Although performance was clearly positive, unpicking whether this was driven by new store openings, or like-for-like sales is more difficult. Aldi: premium private label and Kevin the Carrot Aldi reported its “best-ever Christmas” with sales in December up +0.4% compared to 2020. This was a ...
06 January 2022
Variety discounter B&M has reported encouraging Christmas trading, with group sales essentially matching last year’s pandemic-elevated peak. Against a demanding 22.5% growth from a year ago, group sales for the third quarter (26 September – 25 December 2021) rose 0.1%, bringing the year-to date total over nine months to +0.9%. B&M now expects FY22 to be significantly ahead of analyst expectations...
16 December 2021
Netto, the discount chain owned by Edeka, has launched a hybrid frictionless grocery store in Munich, the first of its type from a discounter. The store is 250 sqm and stocks over 3,500 SKU’s, a significant offer for a store of this type. First checkout-free store for the retailer Netto has over 4,000 stores across Germany and offers a large selection of groceries for a discounter. For the ...
16 December 2021
European variety discounter Pepco has reported total revenue growth, in reported currencies, of 17.2%. At constant currencies the retailer said total revenue growth stood at 19.3% for the year, underpinned by the opening of new stores. Retailer ends its financial year operating 3,504 stores During its 2021 financial year Pepco opened 483 new stores, taking its total to 3,504 at the end of t...
06 December 2021
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...
26 November 2021
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 ...
24 November 2021
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 ...