Events and promotions news  

14 July 2016
Lidl Spain's finance director, Ferran Figueras, has revealed that the discounter will invest  €350m into its Spanish operations this year as the it looks to grow its turnover and market share. Lidl aims for 5-8% increase in turnover In a recent presentation on performance and outlook, Ferran Figueras revealed Lidl's target to increase its 2015 turnover of €3,048m by 5-8% in 2016 (yea...
12 July 2016
Tesco is to make major cuts to the range carried by its convenience stores as it embarks on a new phase of Project Reset. Improving the small store experience Quoted in The Grocer, Chef Product Officer Jason Tarry said "We've got more to go on the Reset. The next stage is convenience and it will be starting to hit in the next few weeks." The aim will be to make Tesco's 1,500 Express store...
11 July 2016
Tesco customers will receive twice as many Clubcard points as normal this weekend as the retailer leverages its popular loyalty card to incentivise shoppers at the start of the summer holiday season. Not Clubcard Boost Double Clubcard points sounds like a familiar activity but this is not Clubcard Boost, the promotion that doubled the value of shoppers' points when they were redeemed in s...
05 July 2016
We report on the latest developments from the Croatian conglomerate, owner of the Konzum and Mercator grocery chains, including reports of a potential IPO, new wholesale store concept and a lifestyle magazine for loyal shoppers. IPO in the pipeline? A report, published by Slovenian newspaper Finance, details that Agrokor is planning an Initial Public Offering (IPO) on the London Stock E...
22 June 2016
We look at Lidl's latest developments in the Netherlands, Denmark, Spain and new market, Lithuania. Lithuania: entering the market with 15 stores Lidl has entered its 27th market. The discounter launched its new venture in to Lithuania with 15 stores across nine towns and cities, including five in the capital city of Vilnius. Supporting these and future stores is a  €40m logistics centr...
21 June 2016
Belgium-based Colruyt has said total sales rose 2.9% to €9.178 bn in its 2015/16 full year results, driven by the performance of its retail division, which saw sales increase by 4.0% to €7.1 bn. The retailer said that the pace of sales growth had enabled it to increase its market share in Belgium to 31.5%, from 31.0% at the end of the previous financial year. Good growth across all banners ...
16 June 2016
Poundland's results for the year ending 27 March 2016 reflect both a challenging market and disruptive trading from its recent 99p Stores acquisition, however the discounter is confident that this has prepared the ground for future growth. FY 2015/16 in numbers Total sales for the year came in positive at £1,326m, up 18.7% on the year before, due to the 53% increase in stores across ...
15 June 2016
Italy-based Conad has said its aggregated turnover rose 4% in 2015, reaching €12.2 bn. Conad said the results were particularly strong given the difficult market environment and were boosted by shopper acceptance of its private label ranges. The numbers… Conad said that aggregated turnover, i.e. which related to its total cooperative network, rose 4%, while its 2,673 members ended the year ...
08 June 2016
Announcing performance figures for Q1 of its 2016/17 financial year (12 weeks to 4 June), Sainsbury's has revealed that total sales fell slightly over the period, trending down 0.3% on a total basis (excluding fuel) and down 0.8% like-for-like.  However, the business reports that volume growth was positive at total level and transaction numbers increased both in total and like-for-like.  The...
07 June 2016
Following  recent positive annual trading results , we explored each of B&M's UK store formats. Here we summarise what makes B&M and its suppliers stand out in the discount market. Grocery: important to the offer B&M's three formats are Bargains Store, Home Store and Home Store with Garden Centre. In all three, the customer journey starts with 'Manager's Special' grocery, which is ...