Discount news

07 July 2020
The price war between Aldi and Lidl in Germany is escalating quickly, with the two discounters pushing prices down further. Most retailers are focusing their advertising and communication on low prices, following the VAT rate cut implemented by the government. VAT cut to help population and consumption Following the COVID-19 pandemic, the German government has implemented a temporary VAT ra...
07 July 2020
Variety discounter Poundstretcher has had its proposed CVA approved by creditors, according to Nam News. Rent reductions The new agreement means; The leases on 94 stores will remain at their current rates Rents will be reduced between 30% and 40% for 84 stores, for a period of three years Rents will be paid in full for a period of six weeks for 253 stores Potential store cl...
03 July 2020
The COVID-19 pandemic has been global, affecting all countries. However, its impact has been very different from one country to another, leading governments, manufacturers, and retailers to take a tailored and local approach. As we start to move into the post-COVID-19 world, it will be key for businesses to consider and understand these differences and local responses. International pandemic, ...
03 July 2020
Penny, Rewe’s discount banner, has rolled out its Scan and Go app at 100 stores on 29 June. This is part of the retailer’s recent strategy to enhance its model and enable a more frictionless, in-store customer journey. Improving shopping experience and stores’ efficiency The new solution aims at easing and accelerating the payment process, usually a point of friction at discounters. Penny i...
02 July 2020
Variety discount retailer B&M’s Q1 results (29 th March 2020 to 27 th June 2020) show continued strong growth in the first quarter of the financial year and particularly its UK banner. Its value-led model and convenient out of town locations continue to prove to be attractive to customers. Revenue growth across all banners expect Babou Group revenue +27.7% to £1,154.8m (2019: £904.6m) ...
01 July 2020
IGD analysts share their thoughts regarding the impact of COVID-19 on grocery retail channels. “Discount growth could accelerate in the medium to long term” Maxime Delacour, Senior Retail Analyst Prior to the pandemic, the discount channel was enjoying some of the fastest growth in the industry. This is expected to continue, with discount retailers adapting quickly to market trends to ...
30 June 2020
We round up the latest developments from Salling Group, as it introduces three brand new apps across its grocery formats. Netto: Fillop ambient grocery online subscription service Earlier this month, the leading Danish discounter introduced the Fillop app, an ambient grocery online subscription service. Source: Salling Group, Apple The new service aims to remove the need for regula...
29 June 2020
Following on from Aldi UK partnering with Deliveroo, the retailer has announced it will now begin trialling the service in Ireland. How it works Shoppers can choose from over 200 (140 in ireland) products through the app. These will be picked and packed by Aldi staff and taken for delivery by Deliveroo riders. A range of essentials such as bread, milk and fresh produce will initially be ...
26 June 2020
Aldi Suisse is the first retailer to implement the Nutri-Score system in Switzerland. From July 2020, it will test the Nutri-Score label on several of its private label products. Starting with food-to-go and ready meals The scoring system gives a mark to each product according to its nutritional value. The Nutri-Score ranks products from A to D, with A being the highest. It has been tested ...
26 June 2020
We look at the German discounter’s most recent acquisitions and what it could mean for its future digital developments, including the idea of launching a marketplace. Acquisition of German marketplace real.de Schwarz Group, Lidl’s and Kaufland’s parent company, has acquired in June 2020 one of the largest marketplaces in Germany: real.de. The marketplace, which offers both grocery and non-g...