Discount news

25 June 2020
Don Don Donki, also known as Donki, is opening its third store in Hong Kong. Largest Donki in the market The new Donki store will open on 7 July at 10am on Paterson Street, Causeway Bay (CWB) - the first on Hong Kong Island. It will be much larger than the first  Tsim Sha Tsui  (2,137 sq m / 23,000 sq ft) and second Tsuen Wan (2,415 sq m / 26,000 sq ft) branches, covering 4,459 sq m / 48,...
23 June 2020
Poundland's parent group Pepco has released its H1 results, for the six months ending 31st March 2020. Also, its year-to-date results for the five months prior to the end of February 2020. The results reveal a positive performance for Poundland and Dealz with like-for-like growth in both periods. Like-for-like growth for Poundland and Dealz but fall in profits Overall the Pepco group's reve...
19 June 2020
We round up the latest news in discount and variety discount in the UK and Ireland from the w/c 15th June. Poundland resumes the rollout of its new chilled and frozen range Poundland paused the rollout of its new chilled and frozen range at the start of the pandemic. The new lines had initially been introduced to 20 stores, with a further 10 having chilled only. Before the pandemic ...
19 June 2020
The discounter, owned by Russian retail group Torgservis, has opened its first store in Lithuania on 15 June 2020. Limited assortment and very low prices The first store opened in Kaunas, the country’s second largest city. For now, the discounter only offers a very limited range of products with prices 20% cheaper than the market on average. Mere stores have a very simple and efficient conc...
18 June 2020
Tesco announced the sale of 301 of its stores in Poland to Salling Group’s discount banner Netto. This includes the sales of two distribution centres, and it headquarters in Krakow, all valued at PLN900m (€181m). The transaction needs to be approved by the Polish Office of Competition and Consumer Protection, which will be finalised by Q4 2020. Tesco Poland sale is not unexpected news Tesco...
15 June 2020
Variety discounter Poundstretcher has undertaken a review of its finances which reveals it may need to close half of its stores, according to The Grocer. Store closures and potential CVA agreement Poundstretcher has already closed 30 stores since lockdown began, mainly as a result of expiring leases. This brings its estate to 420 stores. The retailer has reportedly drawn up plans for a C...
12 June 2020
Aldi has expanded its trial of on-demand delivery service with Deliveroo to the capital, specifically in Camden. Follows a successful trial across the Midlands The move follows a successful trial in eight stores across the Midlands. Customers will have the choice to shop from over 200 essential Aldi products, before being picked and packed by Aldi staff and delivered by Deliveroo’s riders. ...
11 June 2020
Danish discounter Netto has launched ‘Fillop’ , an ambient grocery online subscription service, following successful testing over the last nine months. How does the service work? Shoppers place their first order, which is then regularly delivered ‘every 14 days, every month or every other month’. Future orders can be amended on a regular basis, while users are free to ‘pause, change f...
11 June 2020
The group delivered 16.5% revenue growth to £3.8bn in its latest annual results. However, it anticipates slower store openings and ongoing impact of social distancing in the year ahead. Results in brief (52 weeks to 28th March 2020) B&M: Revenue +12.6%. LFL +3.3% (Q4 +6.6%) Heron: Revenue +10.1%. Positive LFL growth Babou: £154m revenue COVID-19 disruption slowing store openi...
10 June 2020
We look at Sobeys’ on-going expansion of its FreshCo discount chain into western Canada, including plans for its first stores in Alberta. Addressing a weakness in its operations Sobeys’ latest announcement of six additional FreshCo openings takes the total of confirmed locations in western Canada to 28. Currently, 16 of these are trading. The retailer plans to convert around 65 of its exist...