Discount news

27 January 2021
Poundland's parent, Pepco, has released its Q1 trading update, for the first quarter ending December 2020. The group as a whole saw revenue growth on a constant currency basis of 9.1%, but like-for-like sales declined by 2.1%. Poundland and Dealz performed well, with positive revenue and like-for-like growth. We look at the performance in more detail and consider how the retailer's evolution will...
25 January 2021
This month, Lidl opened its first distribution centre in Latvia, in Riga. When the first stores will open later this year it will mark the 30 th market entry for the discounter globally. This means Lidl will be one country away from operating across all EU countries. Disruption ahead for Latvia and Estonia grocery retailers We expect Lidl to launch in Latvia with a network of 10 to 15 stor...
25 January 2021
The discount retailer opened its first two stores 20 years ago today in Sydney and today it has over 560 stores trading across the country.  Part of the Australian grocery fabric When Aldi brought its highly differentiated operating model to Australia on 25 January 2001, many could not have predicted the success that the retailer would have over the next 20 years. Rising to become Australia...
21 January 2021
Switzerland-based Migros has reported Group sales rose 4% to CHF29.8 bn (US$33.5 bn), with retail sales outperforming. Migros said retail sales, which were driven by its growth online, increased by 7.2% to CHF24.2 bn (US$27.2 bn). Pandemic underpins sales growth in Switzerland Migros said its growth in 2020 was underpinned by changing shopper behaviours, which pushed its online channel’s in...
19 January 2021
Spain-based discounter DIA has revealed its Q4 2020 results, which showed total group sales of €1.7 bn and an increase in like-for-like (LFL) sales of 6.9%. The results were particularly positive given DIA’s store numbers fell by 457, with the retailer ending Q4 2020 with a total of 6,169.  Division sales performance DIA Spain’s sales increased by 9%, to €1.14 bn, while LFL sales grew by 10...
18 January 2021
Market leader Conad has announced its preliminary results and is expecting to have generated a turnover of €15.7 bn, an increase of 10.2%, in 2020. Meanwhile, Todis revealed its results, saying it had seen an increase in turnover and like-for like (LFL) sales. Conad’s sales performance in 2020 Conad announced its preliminary results for 2020, saying it expected to increase its turnover by 1...
18 January 2021
The COVID-19 pandemic has accelerated the development and evolution of retailers across the world. For the discount channel, one of the biggest changes in 2020 has been the acceleration of developing online services, to catch up with other non-discounter competitors and meet shoppers’ expectations. With profitability being at the heart of the discount model and a key measure of success, the ...
13 January 2021
Lidl saw its strongest Christmas performance on record, with sales growth reaching +17.9% in the four weeks to 27 December. Performance was driven by an increased basket size, which rose 24.8%. We take a look at the other factors that helped Lidl to a record breaking Christmas. Promotional incentives help to differentiate from Aldi Based on released results, Lidl is the best performing of k...
12 January 2021
Lidl Spain continues to grow its network, investing a further €60m to open 10 new stores during Q4 2020 as it also collaborates with a celebrity chef to launch a limited-edition range. Meanwhile, Aldi has revealed its plans to continue its expansion and claims it increased its space by 6.4% in 2019. Separately, Caprabo has launched a new online platform, which has enabled an increase in capaci...
11 January 2021
Despite being an essential retailer, Poundland will once again be temporarily closing some of its stores as a result of the current lockdown. Reduced footfall leads to 'temporary hibernation' of 44 stores Poundland has put 44 stores into 'temporary hibernation', according to The Grocer. Stores closed on 8th January. Poundland has not given a date for when the stores will reopen, due to the ...