Discount news

31 October 2013
Portugal-based Jerónimo Martins has announced third quarter results saying that total sales had risen by 15.5% at Biedronka, 4.1% at Pingo Doce and 3.6% at Recheio, highlighting the broad base of growth for the retailer. Retailer ‘reinforced… leadership positions… in Poland and Portugal’ In the first nine months of the year, consolidated sales rose by 11.5% to €8.7 billion, aided by like-for-...
31 October 2013
Our Head of Retail Insights for Multiples, Steve Jones, summarises his key UK developments from the past month 1) Discounters continue to impress We’ve known for some time that the discounter proposition has been connecting well with shoppers. This month we have seen the extent of this trend clearly reported in retailer results. 99p Stores reported gross turnover to be up by +2...
30 October 2013
Lidl is set to debut its first ever TV advert in the UK, with a festive campaign for its premium private label range. Focusing on quality The campaign will focus on Lidl's Deluxe range, as it looks to position itself as a credible option for 'the big Christmas shop'. The campaign will feature across a variety of TV channels, including ITV and Sky. The advert will feature a variety of p...
30 October 2013
The number of food discounters’ stores in Germany has been declining since April 2013, according to Lebensmittel Zeitung. Market saturation? The fast expansion pace of the discounters in Germany belongs to the past. The expansion reached its peak in August 2013 with a reported 15,659 discount stores across Germany. Although more than 200 new outlets were opened this year, food discount...
28 October 2013
Aldi UK is set to reach a new landmark, with plans to open its 500th store on 31st October in Bury St Edmonds. 500th store celebration Aldi is supporting the opening of its new milestone store with the biggest shopper competition it has ever run. It is offering 10 customers the chance to win free shopping for a year, as a way of thanking shoppers for their support. To enter shoppers need to ...
28 October 2013
Spain-based DIA has announced third quarter results saying that gross sales under banner grew by 2.5% to EUR2.92 billion – 8.5% in local currency terms. Sales in Iberia remain strong DIA said that at a corporate level like-for-like sales growth in local currency terms was 0.8% in the third quarter, while in Emerging Markets the pace of growth in the same terms reached 14.7%. By geographical s...
28 October 2013
High street discounter B&M Bargains is contemplating floating on the stock market next year as it targets further growth. Business valued at over £1bn It has been reported on Sky News that Clayton Dublier & Rice (CD&R), the investment firm that owns 60% of B&M Bargains, is considering a move that would see the discounter listed publically in 2014. It is expected that flotation would see the ...
24 October 2013
Tesco has announced the launch of its Price Promise scheme in the Irish market, which will be comparing prices to Aldi and Lidl. Price Promise in action Tesco's Irish Price Promise will work on the same principle as its UK scheme, which compares Tesco prices with Asda, Sainsbury's and Morrisons. However the Irish guarantee will compare the prices at checkout with those of comparable produ...
23 October 2013
Lidl Sweden recently launched a pop-up gourmet restaurant for a three-week period called Dill, run by chef Michael Wignall. Created from Lidl's private label The fine-dining experience was headed up by UK chef Michael Wignall to generate excitement and drive interest in the venture. All the meals served were made from Lidl's private label products. Emphasising quality The restaurant ...
22 October 2013
X5 Retail Group has begun to roll out its new discount concept in the Central, North-West and Ural regions of Russia. Nationwide rollout The improvement initiative was launched on 1 October 2013, unveiling plans to renovate almost all Pyaterochka stores within two years. The first three stores were launched at the beginning of October in St Petersburg, Yekaterinburg and Perm. More than 80...