14 hours ago
1 min

Peru: Tiendas Mass opens new store in Lima and exceeds 700 stores in Peru

Retail group InRetail (OTC PINK: INREF) is still on track to reach the goal of opening 900 stores by the end of 2023. For this year discount retail chain Tiendas Mass plans to open up to 200 new stores in 2023, with which it would reach the targeted milestone. With these openings, Tiendas Mass has become one of the fastest growing discount stores in Latin America, following D1 and Ara in Colombia. Currently, Tiendas Mass has stores in at least 73 districts of Lima, Callao, Ar

14 hours ago
2 min

Europe

UK: Aldi to boost starting pay by 13%

Aldi is maintaining its position as the UK’s highest paying supermarket by boosting its starting pay for store assistants to a minimum of £11.40 per hour nationally, and £12.85 within the M25. The new starting rate, which is effective from 1st July 2023, is more than 13% higher than this time last year, representing an investment of more than £100m in colleague pay in the last 12 months. The new rates are higher than the Real Living Wage, set by the Living Wage Foundation, of

USA: Private label gets more and more important for Dollar General

14 hours ago
2 min

Americas

USA: Private label gets more and more important for Dollar General

The discounter, which posted disappointing Q4 results Thursday, said it is working to cater to increasingly cash-strapped shoppers with low-priced food, beverages and other items. Dollar General executives on Thursday said they were disappointed with fourth-quarter sales results, despite gaining market share in both food and beverage, as well as non-consumable goods. But the Goodlettsville, Tennessee-based retailer said it continued to see wealthier shoppers coming through th

Poland: Biedronka's pricing policy prevents food inflation in Poland by 3 percentage points

2 days ago
3 min

Europe

Poland: Biedronka's pricing policy prevents food inflation in Poland by 3 percentage points

Discount Retail Chain Biedronka Poland (owned by the Portuguese Jeronimo Martins) CEO Luís Araújo talked about the pricing strategy of the chain, which treats maintaining the cheapest position on the market as the main priority. The manager explained what methodology is used when comparing baskets and expressed the assumption that if Biedronka followed market prices, the increase in food prices in Poland could be even more than 3 percentage points higher. One of the projects

2 days ago
1 min

Europe

Germany: Lidl sponsors UEFA EURO 2024

Discount Retail Chain Lidl Germany is thrilled to be an Official Partner of UEFA EURO 2024 in Germany. Europe's best national teams will be competing for the title of European Champion in ten German cities and Lidl will be right there with them from day one! As official partner we will be supporting not only the final tournament, but also the European Qualifiers from March 2023 to March 2024. This is the ideal partnership for us. Football entertains millions of people every

Turkey: ŞOK Marketler offers special products for the month of Ramadan

2 days ago
2 min

Asia

Turkey: ŞOK Marketler offers special products for the month of Ramadan

Discount Retail Chain ŞOK Marketler offers special supply boxes and gift cards to its customers for the month of Ramadan, which strongly highlights solidarity. Those who wish to share the prosperity of Ramadan may purchase the Ramazan supply boxes, gift cards, or digital gift shopping codes from ŞOK Marketler to help those in need or make their loved ones happy in this significant month, highlighting unity and togetherness. ŞOK Marketler’s supply boxes, launched with the mott

Colombia: Ara discounter results over 2022

2 days ago
1 min

Americas

Colombia: Ara discounter results over 2022

Discount Retail Chain Ara (owned by Jeronimo Martins), which is in Colombia and has just celebrated 10 years of operations. Ara said that it represented 7% of total sales in the JM group, which increased by 60.5% and reached 1,768 million euros, with a commitment to "low prices" and promotions. Ara closed the year with 1,093 stores, 274 more than the previous year. As second largest discount chain in Colombia. By 2023, the expansion of the discount chain "will remain a priori

Poland: Dealz opens new distribution centre

3 days ago
2 min

Europe

Poland: Dealz opens new distribution centre

Discount Variety Retail Chain Dealz (owned by Pepco Group) opened its first warehouse in Łyszkowice (Łowicz district). It was necessary because by the end of 2023. Dealz wants to double the number of stores in Poland. The warehouse of 47,000 sqm. in Łyszkowice is already stocked and supports Dealz stores from all over the country. The investment is to allow the implementation of development plans of the network, which wants to double the number of stores by the end of 2023.

Poland: Biedronka is getting ready to expand internationally

3 days ago
2 min

Europe

Poland: Biedronka is getting ready to expand internationally

Discount Retail Chain Biedronka Poland (owned by Portuguese Jeronimo Martins) plans the possible expansion of its store network, pointing to Slovakia or Romania. "Slovakia is a country neighbouring Poland and having a similar shopping culture. Many Slovaks cross borders and come to Polish for shopping and shopping in Biedronki, which is why we take into account our investments in this country. Our interest is also in Romania, but we have already mentioned this in previous yea

Romania: Auchan launches a new hyper discount store concept

3 days ago
4 min

Europe

Romania: Auchan launches a new hyper discount store concept

Hypermarkets Auchan Ploiesti (from March 23) and Auchan Timisoara Calea Șagului (from March 28) become Auchan Discount and offer customers a carefully selected commercial offer of up to 15,000 products, with low prices day by day, through which customers can save even more. The new concept responds to all purchasing powers, offering consumers a varied assortment consisting of 60% food products and 40% non-food products, with an important emphasis on Auchan branded items, at t

Poland: Biedronka will open 130 stores in 2023

4 days ago
2 min

Europe

Poland: Biedronka will open 130 stores in 2023

The Jeronimo Martins Group, owner of discount retail chain Biedronka, showed its results for 2022. The Group's revenues amounted to EUR 25.4 billion (an increase of 21.5% y/y). In 2023. Biedronka will open approx. 130-150 new stores and modernize approx. 350 outlets. In turn, the Hebe drugstore chain plans to develop an e-store and open about 30 stationary outlets. "In 2022, a year of extreme uncertainty, consumers have once again appreciated the value of our proposals, namel

Spain: Action opens its first store in the Valencia region and ninth in Spain

4 days ago
2 min

Europe

Spain: Action opens its first store in the Valencia region and ninth in Spain

Discount Variety Retail Chain Action (owned by PE 3i Group) expands its presence in Spain with a new store in Villarreal, in the province of Castellón. This is its first store in the Valencian Community and the ninth in Spain. The new space will have almost 1,000 square meters. Located on Avenida Italia 23, it will have a parking lot with 40 spaces. It offers 6,000 products in its 14 categories (from toys and crafts to household products, through gardening, DIY and food). In

4 days ago
2 min

Europe

Spain: Aldi reaches 400 stores

Discount Retail Chain Aldi Spain opens its 400th store in Spain. Located in the city of Valencia. The discounter has more than 1,200 m2of the sales room and a staff of 14 people. It is also Aldi's sixth opening so far this year, and the first in the Valencian Community this 2023. Specifically, with this inauguration the company also reaches the milestone of 65 supermarkets in the Valencian region. Spain is a strategic country for Aldi's growth. To the opening of about 100 new

Sweden: Lidl lowers and freezes the prices

4 days ago
2 min

Europe

Sweden: Lidl lowers and freezes the prices

Discount Retail Chain Lidl freezes the price of over a hundred commodities to curb inflation. "These measures will cost money, but we are prepared to take the cost," says Jakob Josefsson, Head of Sweden at Lidl. As of Monday, March 27, Lidl is lowering and locking the price of over a hundred goods. The discount chain states this in a press release. The move came a day after Finance Minister Elisabeth Svantesson held meetings with the CEOs of the three players that are larger

Portugal: Jerónimo Martins sees inflation boost profits

4 days ago
2 min

Europe

Portugal: Jerónimo Martins sees inflation boost profits

Portugal's second-largest retailer, Jerónimo Martins (owner of discount retail chains Biedronka in Poland and Ara in Colombia), has reported a 23% jump in fourth-quarter net profit as soaring inflation boosted sales, especially in Poland, its key market, but also dented its margins. The company, which netted €171 million from October to December, warned that food inflation remained high and only showed early signs of abating. 'Almost three months into 2023, inflation in the c

Netherlands: Discount chain Action makes more than billion euros in profit

4 days ago
1 min

Europe

Netherlands: Discount chain Action makes more than billion euros in profit

Discount Variety Retail Chain Action (owned by 3i Group) posted an operating profit (EBITDA) of €1.2 billion in 2022. This is 45% higher than in 2021. Turnover also rose sharply. At the beginning of this year, Action already reported that turnover was 30% higher last year and amounts to € 8.9 billion. The discounter achieved this turnover through 2263 stores in ten countries. Of these, 407 are located in the Netherlands. The British parent company 3i Group does not provide fi

Research: Dairy brands caught cold by price

6 days ago
3 min

Europe

Research: Dairy brands caught cold by price

Dairy products are among the best-selling items in food retailing in Germany. But this is exactly where you can currently see best how prices are rising. Shoppers are not indifferent. Their reaction: more buying of private labels. Milk in coffee, cream in tea and yoghurt on muesli: hardly anyone wants to do without that. But what if, as the German Federal Statistical Office announced a few days ago, real wages fall significantly? If you do not want to live without one or the

Thailand: MR. D.I.Y. donates funds and essential items to home for Handicapped Animals Foundation

6 days ago
3 min

Asia

Thailand: MR. D.I.Y. donates funds and essential items to home for Handicapped Animals Foundation

Discount Variety Retail Chain MR. D.I.Y. Thailand (owned by Malaysia based PE firm Creador) sends love and care to disabled cats and dogs by donating funds and essential items with a total value of 30,000 baht (€1,000) to Home for Handicapped Animals Foundation (under the patronage of Luangta Maha Bua Yannasampanno) to help abandoned disabled animals that needed to be taken care closely. Mrs. Kanung Deepa, Vice President of Home for Handicapped Animals Foundation receives th

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