Discount news

09 May 2013
Turkey-based discounter BIM has announced first quarter results saying that sales had risen by 15.1% to TRY2.8 billion (US$ 1.6 billion). Average basket size grows BIM said that like-for-like sales increased 5.8%, while the average basket edged up 1.8% to TRY10.98 (US$6.08), underlining how the retailer continues to advance its performance in the market. Store growth aids sales developme...
09 May 2013
.style1 { border-width: 0; } Speaking at IGD's Symbol Summit, Booker announced it is to launch a new discount focused convenience store package, bringing a unique value focus to the symbol sector. 75% of products on permanent promotion Booker will launch this new symbol group alongside its Premier brand, allowing the independent operator to compete against the rise in discounters. The...
07 May 2013
DIA has reported gross sales up 1.8% and net sales up 0.4%, in euro terms, for the first quarter of 2013.  The growth rate in euros was hit by depreciation in the Argentinean and Brazilian currencies, a very negative calendar effect in all markets, and bad weather in Iberia.  Spain outperforms Portugal, France still challenging Net sales in Iberia were up 0.5% and like-for-like gross sale...
02 May 2013
Germany is the heartland of discount retailing and it remains the most popular format in the market, with multiple discounters operating successfully in the country. We recently visited several German cities to bring you the key developments within the channel. 1. Greater focus on health & beauty Across the discount channel a growing focus on the health & beauty (H&B) category was apparent....
01 May 2013
Lidl has announced plans to double the number of healthy tills in its UK stores following a successful trial since January, while in Netherlands it is running healthy eating workshops for children. Turnover 100% higher from healthy tills Lidl UK has trialled one healthy till per store since January. These tills replace 'treat' items such as crisps, popcorn and chocolate with products th...
26 April 2013
Farmfoods, the frozen food specialist, has reported rising profits due to an increased focus on cost savings. Falling sales Farmfoods has reported a 10% increase in pre-tax profits in the 52 weeks to 29 December 2012, from £24.5m to £27m. However sales fell by 1.5% to £595m. In the accounts filed at Companies House, Farmfoods attributed this to the fiercely competitive environment. Cos...
22 April 2013
DIA has announced the sale of its Turkish business to Yildiz Holding and SOK Marketler Ticaret, for some €136.5m. DIA had been considering future of Turkish business for some time DIA announced, in October 2012, that it was reassessing its options in  Turkey . At its results announcement in February this year, the retailer reported a difficult year due to the tough competitive environment...
22 April 2013
Buyout plans are off as the Turkish discounter announces plans to grow at pace. Ambitious store opening plans A101 is a hard discount operator which has doubled its store estate in the last two years, operating 1,000 stores in 2011, which grew to over 2,000 stores by the end of 2012. Speaking at a press conference, CEO Erhan Bostan announced ambitious plans to continue to expand the estat...
22 April 2013
Lidl UK is dedicating 50% more in-store space to its fresh meat and poultry categories after sales of its fresh range increased by 30% in 2012. Boosting range by 49% The £66m investment will see new cabinets installed across Lidl's entire estate, with floorspace increasing by 50%. The investment will allow Lidl to expand its fresh meat and poultry range by 49%. In addition to the refur...
18 April 2013
Turkey-based discounter A101 has announced annual results for 2012 and set out its expansion plans for the year ahead. Retailer’s sales break TRY2 billion mark A101’s chief executive, Erhan Bostan, said that in 2012 sales had reached TRY2.1 billion (€886.7 million) from the company’s 2,032 stores. 2013 to see further growth Bostan went on to say that A101 was aiming to add a further 450...