Discount news

Spain-based DIA has announced second quarter results saying that, in Euro terms, gross sales fell by 2.7% to €3.0 billion, affected by the depreciation of the Argentinean peso and the Brazilian real during the year. Sales fall in Iberia In its home market and Portugal, DIA said that gross sales fell by 2.9% in the second quarter to €1.52 billion, affected by like-for-like sales that contrac...

The Daily Mail has revealed that Aldi will invest heavily in the UK next year. This news comes days after a German newspaper announced the death of Aldi's co-founder, Karl Albrecht. 60 new stores in 2015 Following the success of the discounters in the UK grocery market and the channel's forecasted growth to 2019, it is no surprise that Aldi plans to expand its portfolio. Its bigges...

A report in the Grocer magazine reveals that frozen food retailer, Iceland is to launch a new store format, under the name Food Warehouse. Including wider ranges in bulk lines in particular, the new concept aims to bring shoppers a broader discount offer alongside the core frozen ranges of the established Iceland format. Focus on additional bulk lines Iceland is understood to have trialled ...

Our team of analysts travel around the world, seeking out the latest in FMCG retail innovation. We have selected some of our favourites from the stores we visited in the first half of 2014. HyperCITY, Mumbai, India Selected by Nick Miles, Asia-Pacific Region Manager One of the most innovative modern trade retailers in India, HyperCITY is pushing the boundaries of format development. Pr...

Our latest UK channel forecasts show discount and online leading the way as growth channels. But while multichannel strategies have been adopted elsewhere, they have been slower to reach discount. Here we assess progress to date and ask whether discounters could develop online strategies of their own.    Recent forays online from high street discounters A key driver of discounter success has ...

Leading Turkish discount retailer BIM has revealed its ambition to open a premium supermarket banner. Larger stores with a focus on fresh BIM plans to launch the new banner 'File' in a move away the discount format, which it operates in with great success. It is thought that the average store size of the new format will be approximately 1,000 sq. m, with a focus on fresh; seeking to deliv...

Sainsbury's has confirmed two of the 15 sites that will host Netto stores as part of its joint venture with Dansk Supermarked to bring the discount fascia back to the UK. Standalone store at Moortown, Leeds Moortown, a suburb of Leeds, will be the location of one of the first standalone Netto stores. The site is at the centre of the area previously revealed as the target area for the Netto s...

Swedish grocery retailer Axfood has released its results for the first half of 2014, reporting a 1.3% increase in net sales. Profit after tax rose by 8.3% to SEK 612m (€66.2m). Growth continued in discount and wholesale formats The majority of store formats saw store growth, with the exception of Hemkop, the retailer’s supermarket format. Sales were impacted by the retailer operating less s...

Grocery sales grew by 2% in Ireland in the 12 weeks ending 22nd of June according to the latest results from Kantar Worldpanel. Inflation in Ireland stands at 2.3%, down slightly from 2.6% in the last period. Aldi and Lidl continue to gain market share Aldi and Lidl continue to grow their share of the Irish grocery market, representing just over 16%. Aldi holds 8.1% of the market, while sin...

Ronny Gottschlich, the man who has been running Lidl UK since 2010, is determined that Lidl will stay ahead in the UK amid a grocery landscape where supermarkets are cutting prices and a new discounter, Netto UK , is about to enter the market. Focus on price and British sourcing In a recent interview with The Guardian, Ronny Gottschlich spoke about the discounter's plans to stay compe...