DM reported a 2.9% increase in total group sales to €11.5bn for FY2019/20. Slower growth in Germany, but investment continues The drugstore operator reported 2.1% sales increase in Germany, reaching €8.54bn for the FY2019/20. Passing reductions in VAT to shoppers had a dampening effect on value sales, which dm estimates would have been c.3% without this impact. This compares with a 3.2% in...

We look at the latest developments and news from Lidl in the US, Italy and other European countries. US: Chairman Roman Heini exits Lidl US Chairman Roman Heini took the decision to leave the company to “pursue other professional interests and spend more time with his family” as reported by website Supermarket News. Before joining Lidl US in October 2018, Heini worked for 18 years at Aldi, ...

SPAR Austria has announced the retirement of two long-standing members of its executive board, chairman Dr Gerhard Drexel, and Rudolf Staudinger, at the end of 2020. Drexel served on the SPAR executive board for 31 years, including 20 years as chairman. He will become the chairman of the group’s supervisory board. Staudinger spent 18 years on the board, totaling 36 years with the retailer. New...