Discount news

05 July 2022
As Poundland looks to expand its range selling at £1 or less and Poundstretcher returns to profit, we round up news from the retailers. Poundland returns to £1 roots to drive value perception Poundland is to increase the share of products it sells at £1 or less to 60% as it looks to project its value messaging and support shoppers. The retailer has moved away from its fixed price roots over...
04 July 2022
Food inflation and the overall cost of living pressures on consumers for the near future should provide a positive outlook for the future of Lidl as customers move to discounters for their shopping needs.  Lidl also came out on top of Europe’s leading grocery retailers in 2026 forecast from IGD so why is everything looking so optimistic for the German Discounting powerhouse? 1. Ruthless focus...
29 June 2022
B&M has provided a trading update for the 13 weeks between 27 March and 25 June reporting that group revenues fell 2.2%, on a constant currency basis, to £1.16 bn. Like-for-like sales in the retailer’s core UK B&M estate fell 9.1% as it had to contend with challenging comparatives versus 2021 and poor weather in 2022. April proved to be an anomaly in B&M UK’s performance In the core B&M UK ...
14 June 2022
Announcing its strong first half results, Pepco has underlined the challenges it is seeing emerge in the UK as the cost-of-living crisis impacts on shopper spending. Group revenues rise 18.9% in H1… Across all its operations in Europe, Pepco reported revenues rose 18.9%, on a constant currency basis, to €2.37 bn. Store growth remained a key driver of this growth, with store numbers rising 1...
10 June 2022
Variety discounter B&M has released its results for the 52 weeks to 26 th March 2022. How did B&M perform in 2022? Group revenue : -2.7% YOY to £4,673m (+22.5% on a 2-year basis) B&M UK : -4.7% YOY to £3,909m (+25% on a 2-year basis) LFL revenues -9.0% vs FY21 but +13.0% on pre-pandemic levels of FY20 Heron Foods : -0.9% YOY to £411m (+5.4% on a 2-year basis) Fr...
06 June 2022
Multinational retailer Dollarcity was founded in El Salvador in 2009. After almost 10 years of operation, it sold a 50.1% share of its business to Dollarama (a Canadian dollar store retail chain) for a value close to US$95m. The dollar store concept, known locally in the region as ‘dolarazos’, is becoming popular. Their strength lies in their varied assortment of consumables, general merchandi...
01 June 2022
As part of its strategic priority to reinforce is position as a low-cost operator, US-based Dollar General has launched several pilot stores that are entirely self-checkout. Fast Track programme This forms part of wider range of initiatives centred on improving efficiencies. Dollar General has not been immune from the cost headwinds which have been experienced across the industry, pressurisin...
20 May 2022
Lidl and Kaufland’s parent company, Schwarz group has announced its FY21 results. Key numbers for the year ending February 2022 Group sales + 6.6% to €133.6bn Kaufland sales +7.4% to €27.3bn Lidl sales +4.7% to €100.8bn Total online sales for both banners reached €1.7bn The group invested €8bn last year in opening new stores, modernizing existing ones and financia...
17 May 2022
Aldi has opened its largest distribution centre, while Spain’s market leader Mercadona continues to grow its presence in Portugal, announcing it aims to open 10 new stores in 2022. Separately, Auchan Portugal revealed its improving partnerships with local producers. Aldi launches its largest distribution centre The discounter revealed it invested €60m in its new distribution in Moita, which i...
13 May 2022
Since the start of the pandemic, many Mexicans have transitioned their grocery shop to smaller formats, in stores closer to their homes. Initially, this change of habit was to reduce contact and mitigate the threat of the COVID-19 virus, but they have since become accustomed to the time and cost-saving benefits of shopping locally. Mexico has a huge informal economy, meaning large sections of ...