Discount news

04 May 2020
Wilko's FY19 results reveal the 12 months prior to February 1st was a difficult period for the variety discounter. Declining profits and sales Pre-tax profit fell 65% to £11.4m from £32.5m Sales fell 6% to £1.5bn Like-for-like sales declined 6% Five new stores were opened and five closed, bringing the total stores to 416 These results follow on from a challenging FY201...
04 May 2020
From Helsinki to Dublin and North Carolina, we look at Lidl’s latest developments as it continues to invest in ecommerce and open more stores, including one in central London. Finland: new urban store in the capital and a sneakers craze…             On 29 April, Lidl Finland opened its 24 th store in the Finnish capital, taking its total to 187. The store is strategically located on the st...
01 May 2020
As Russian discounter, Mere, plans to enter several European markets, we look at whether the hard discount model could make a comeback in a post-coronavirus world. Russian hard discounter, Mere, sets to expand in Europe Mere announced the opening of its third store in Germany, in the city of Halle. The discounter, part of Siberian group Torgservis, entered Germany in 2019 with the promise...
30 April 2020
Irish delivery start-up Buymie has raised €2.2m from different investors to expand its operation. The start-up has also extended its trial partnership with Lidl by signing a new multi-year partnership agreement with the German discounter. Increasing demand for Buymie’s services Buymie currently has operations across Dublin, Maynooth, Celbridge, Leixlip, Bray and Greystones, whilst demand fo...
29 April 2020
In this article we round up the latest initiatives from Aldi and Lidl UK to address the challenges created by the Coronavirus (COVID-19) outbreak. Aldi Aldi has introduced a voucher scheme to make it easier for volunteers to buy food on behalf of the vulnerable and those self-isolating. The vouchers are available to buy on a new Aldi voucher website  vouchers.aldi.co.uk . Once purchased,...
28 April 2020
Lidl Germany made a strong debut on TikTok, on 27 April, with more than 36m views for its viral #movelikelidl challenge on its first day! Promoting its careers to a new audience With its presence on TikTok, Lidl is expanding its social media activities alongside its existing accounts and channels, Instagram, Facebook and LinkedIn. The new platform enables the discounter to better reach stud...
27 April 2020
In this article we look at what UK variety discounters are doing to address the challenges created by the Coronavirus (COVID-19) outbreak. Temporary store closures B&M will be closing 49 stores as a response to the current trading conditions. The retailer has not announced what stores these will be, but has said it is likely they will be small format stores Poundland will be closing 1...
16 April 2020
Aldi UK is launching an online delivery service to help vulnerable shoppers. Essentials food parcels The new service will be launched on Friday 17th April. Aldi will be offering food parcels that cost £24.99 (US$31.34), including delivery. They will be limited to one per shopper. The parcels will contain 22 essential products including tea, pasta and antibacterial handwash. The majority ...
09 April 2020
Variety discounter Poundstretcher has reported mixed results to Companies House, for its FY18/19 (12 months to 31 March 2019). The retailer saw a large growth in turnover, however also a loss in pre-tax profits. Mixed results Turnover £434.6m (FY17/18 £387.4m) Turnover +12.2% Pre-tax loss of £227,342 (FY17/18 profit £2.07m) Profit -111% Increasing overheads The retailer ...
06 April 2020
In this regularly updated article, we summarise the latest responses to the Coronavirus (COVID-19) pandemic from discounters in the UK; Latest update Monday 6th April Aldi The elderly and most vulnerable will have exclusive access to stores for 30 minutes browsing time before they open, from Monday to Saturday. They can then purchase items as the stores open to the general public B...