Discount news

18 February 2014
Poundland, the largest single price general merchandise retailer in Europe, is set to float on the stock exchange. Strong recent growth record Poundland opened its first store in 1990, and now operates a network of over 500 stores across the UK and Ireland, with plans to launch up to 10 stores in Spain over the next two years. Revenue at the retailer has grown from £641.5 million for the...
18 February 2014
International activities were a highlight once again for France's Casino Group, which reported 2013 results today (18 February). The group singled out three key Latin American markets as highlights: Sales improved versus 2012 Casino said sales for Latin America were up 13.1% on an organic basis, excluding fuel and calendar effect, versus an increase of 9.4% in 2012. This compares to an incr...
18 February 2014
Casino has reported group sales up 15.9% and an 18% increase in trading profit for 2013. In France, sales were up 5.7% and Casino said it had an "excellent performance internationally." Recovery of activity in France In the crucial home market, Casino reported improvements at both Géant hypermarkets and Casino supermarkets. E-commerce continued to grow, with Cdiscount reporting total ...
17 February 2014
Intermarché and Netto have reported a 3.2% increase in turnover for France in 2013, to EUR22.3bn. Focus on multichannel in 2014 The president of Intermarché Food, Philippe Manzoni, said the retailer was more than satisfied with its performance, which confirmed its strategic choices. On average, it said sales of different formats (hyper, super, express etc) have registered 10% growth in t...
14 February 2014
Sean Toal, The Co-operative Food's Chief Operating Officer is to leave the business and take up a new role at Wilkinson.  14 years at The Co-operative Toal is set to take up the role of Chief Operating Officer at the discount variety chain after 14 years at The Co-operative. Reports in the trade press suggest Head of Retail, Steve Murrells, issued a briefing to all senior managers ou...
13 February 2014
Having entered the Australian market only thirteen years ago, new research suggests that Aldi has now become Australia's third largest grocery retailer. Market share hits double digits According to the latest research coming out of Australia, Aldi has grown its market share to a new high of 10.3%. This is the first time that Aldi has reportedly had a double digit market share in Australia and...
13 February 2014
Store conversions continue to be rolled out by Penny in Germany, while Rewe's organic private label range leads in Austria. Penny refurbishment progress full steam ahead Entering into its third year of refurbishment, Penny Rewe's discounter banner, is gaining ground, with about 1,400 stores converted to the new format. This is out of a total 2,230 stores planned to be completed by the end of 20...
10 February 2014
Poundworld has announced it will launch its online offer, Poundshop.com on Tuesday 11 February at 2pm. Joint venture Poundshop.com is a joint venture between Poundworld and Steve Smith, the co-founder of Pouundland which will see Poundworld supplying thousands of its products to the online store. The site, which will go live at 2pm on Tuesday 11 February is expected to offer over 1,000 product...
10 February 2014
Grupo Éxito, Casino's Colombian business, has acquired 50 discount stores from regional retailer Super Inter. Includes full acquisitions and licence agreements Éxito has entered into an agreement with Super Inter's parent company, Comercializadora Giraldo Gómez y Cía, which will see it acquire ownership of 19 stores and licence agreements to operate 31 others, for a period of five years. Éxi...
07 February 2014
Poundland, the UK's leading high street fixed price discounter has announced it is to open a number of stores in Spain under the Dealz fascia. Possible wider roll out Poundland has outlined plans to open 10 stores in Spain over a two-year period ahead of a possible wider roll out if the trial is successful. The retailer will be using the Dealz fascia, which is currently used in Ire...