Home Bargains news

Asda has launched a new price match initiative against Home Bargains, in a move that demonstrates how much of a threat the fast expanding variety discounter has become to the UK’s third largest grocer. Source: IGD Research Price Matching on over 100 lines Home Bargains Price Match extends to over 100 popular branded lines stocked by the variety discounter. While the focus is v...

Home Bargains sales surpass £3bn The retailer’s revenue increased 20% in the year to 30 th June 2021 to £3.3bn. Alongside this, operational profit increased 52% to £394m in the period. Pre-tax profits rose similarly 51% to £396.7m. Growth was partly driven by new store openings, with the retailer opening 27 in 2021, bringing its total to 552 stores. This followed 19 store openings in 20...

Recently released results from variety discounters Poundland, Poundstretcher and B&M show the challenges of 2020, and the uncertainty that lies ahead. We look at the results in more detail and consider how each retailer is placed heading into 2022. Poundland full year results show the impact of COVID Poundland’s results for the year ending September 27, 2020, reveal the severe impact COVI...

With COVID-19 impacting the way people shop, each channel has had to adapt to satisfy changing shopper needs. The discount channel has had a mixed experience dealing with these changes throughout the pandemic. Sales have been negatively impacted due to shoppers using fewer channels and avoiding smaller stores. For the variety discounters, such as Poundland, they have also had challenges including...

We look at some of our favourite in-store campaigns for Mother’s Day in the UK in 2021. Tesco: ‘For Each and Every Mum’ Tesco is capturing shoppers’ attention with its vibrant and clear Mother’s Day campaign signage. It uses images of mothers and children to help encourage spending driven by emotions. It also makes it easier for shoppers to spot the relevant displays.  Source: ...

The latest results from variety discounters B&M, Home Bargains and Poundland show a mix in performance. We have seen a continuation of the patterns of previous years, with B&M and Home Bargains growing rapidly and Poundland growing slowly. The results are mainly driven by the retailers differing strategies, with B&M and Home Bargains focused on opening new stores, and Poundland focusing on revamp...

Variety discounter Home Bargains has expanded its online food box offering, with four options now available to shoppers. Catering to different missions The retailer has added a personal care, baking and confectionery box to its online offering. Source: Home Bargains   Essentials Food Box The retailer launched its essentials food box in late Ap...

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...

The UK’s Groceries Code Adjudicator (GCA), Christine Tacon, has today (4 February 2020) launched her annual survey, inviting suppliers to share their experiences of trading relationships with major retailers and highlight any issues they are facing. The survey has played a vital role in helping the GCA to achieve progress for suppliers, demonstrating where retailers efforts have improved Code ...

The variety discount retailer Home Bargains has opened its largest ever store, in Liverpool. £800k investment The new store was an investment of £800k from the retailer, according to Liverpool Echo. At 25,000 sqf it is the largest Home Bargains store. The site was previously occupied by Toys R Us. It is opposite Costco, on a retail park 7 miles outside Liverpool city centre. It is the 29...