Discount news

15 July 2014
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...
14 July 2014
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...
10 July 2014
In interviews with the national press Charles Wilson, chief executive of Booker, has revealed ambitions to roll out the wholesaler's discount symbol store package, Family Shopper, to 400 locations over the next four years. Eight trading with more to come Launched first in 2013 there are now eight Family Shopper stores trading, including a unit opened by award-winning Premier retailer Shah...
08 July 2014
Discount retailer Poundworld has announced operating profits are up by £1.6m to £6.2m for the year ended March 2014. Strong LFL growth The family run discount chain also reported turnover is up by 18% to £345.3m with like-for-like sales up by 2.6% for the same 12 month period. The retailer ended the year with 242 stores, which represents a net increase of 32 for the year ended March 2014. Pou...
03 July 2014
Penny, Rewe’s discount format, is reportedly investigating opportunities to reduce the size of its stores, tailoring the outlets to the needs of high density shopping areas. Penny looks to localise The stores will have a floor area size of 400 sq. m to 500 sq. m compared to the standard Penny format of 800 sq. m. This move does not reflect Rewe’s expansion plans for Penny; however the wider R...
03 July 2014
Auchan in Russia is penetrating tier 4 cities in Russian regions, a strategy which proved successful in China. With its new compact hypermarket concept Nasha Raduga, Auchan will attract shoppers with a limited product range, wide private label assortment and EDLP pricing strategy. Indeed, hypermarket operators in Russia have to approach regional cities with a different store concept from those la...
03 July 2014
Poundland has reported full year sales growth of +13.3% for the year to 30 March 2014. Underlying pre-tax profits reached £36.8m, an impressive +23.5% YoY. Total LFL sales up 1.9% YoY as sales approach £1bn Poundland has announced sales for 2013 just under the £1bn mark, at £997.8m. This was over £100m higher than last year when the discounter reported sales of £880.5m. Poundland has had ...
02 July 2014
In an interview in the Economic Daily newspaper Jerónimo Martins’s CEO, Pedro Soares dos Santos, discussed the retailer’s development plans for Colombia. Retailer looking to double store numbers in market in 2014 Pedro Soares dos Santos said that Jerónimo Martins had opened eight Ara stores in the first half of 2014 and was planning to add a further 42 before the end of the year, a feat tha...
02 July 2014
As IGD releases its new five year forecasts for the UK grocery market, senior retail analyst Nick Gladding outlines the thinking behind the new numbers. Market growth to slow Over the next five years the market will grow by 16.3%, a significant slowdown on the 19.5% of 2009-14, reflecting continuing shopper actions to control their grocery expenditure. The slow growth follows a challengi...
02 July 2014
Spain-based DIA has acquired El Árbol for €1, adding the latter’s 455 stores – of which DIA says 425 are proximity stores – to its operations in the market. Acquisition to boost DIA’s proximity store numbers The purchase of El Árbol – which sees DIA acquire the latter’s debt obligations – will boost DIA’s presence in the regions of Asturias, Castile-Leon, Aragon, Estremadura and Galicia. DI...