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

Colombia: Ara discounter results over 2022

3 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 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

UK: Iceland partners with Just Eat for rapid grocery delivery

6 days ago
2 min

Europe

UK: Iceland partners with Just Eat for rapid grocery delivery

Discount Frozen Food Retail Chain Iceland has teamed up with Just Eat to offer shoppers a rapid grocery delivery service from over 200 stores. By the end of April, there will more than 5,000 of Iceland’s products listed on rapid delivery service’s app, including both fresh and frozen produce. It will initially launch with more than 200 of the frozen food retailer’s sites, including in London, Manchester, Belfast and Leeds, with plans to roll out to more cities across 2023. Th

USA: Dollar General customers are buying groceries but skipping non-essentials

Mar 18
3 min

Americas

USA: Dollar General customers are buying groceries but skipping non-essentials

Discount Variety Retail Chain Dollar General (listed NYSE: DG) gets more customers that are shopping for cheap groceries, but it's not necessarily a good thing. The discount chain reported its fourth-quarter earnings early Thursday. Same-store sales were up 5.7% during the quarter, largely thanks to growth in its consumables category, the company said. Revenue for consumables, which includes food items, health and beauty products, and snacks, among other things, increased by

Mar 18
7 min

Research

Research: A-brands, in the face of the own private label brand tsunami

From time to time Promarca convenes an event where it denounces the scarce access that Spanish consumers have to the "manufacturer brands" on the shelves of leading chains such as Mercadona or Lidl; without much success, according to the constant growth of the distribution brand (MDD) or private labels (PL), even among the most loyal and aware retailers. High inflation and the loss of purchasing power of the shopper play against it. Promarca has organized a conference under t

Mar 16
1 min

Europe

Turkey: BIM increased its net profit

Discount Retail Chain BİM (listed BİST: BIMAS) increased its net profit to 8.157 billion TL last year (€ 406 mio). BİM announced its financial results for 2022. Accordingly, last year, the company's net sales increased by 109 percent compared to the previous year and reached 147.716 billion TL (€7.8 Bn). In 2022, BİM's net profit was 8.157 billion TL, an increase of 178 percent compared to 2021. As of the end of the year, the number of domestic stores of BİM increased to 10 t

UAE: Viva opens 75th discount store in Emirates

Mar 15
1 min

Asia

UAE: Viva opens 75th discount store in Emirates

The Landmark Group reached a new milestone by opening their 75th store in Ajman Life Mall at Al Tallah, United Arab Emirates. Source: Landmark Group #uae #dubai #emirates #viva #landmarkgroup #growth #smartdiscount #discount #discountfoodretail #discounter #foodretail #retail #drc #discountretailconsulting #retailconsulting #consulting #consultancy

Germany: ALDI invests more in own store real estate

Mar 10
2 min

Europe

Germany: ALDI invests more in own store real estate

Discount Retail Chain Aldi Süd (German family owned) operates 1,980 stores in Germany alone, of which 1,283 (65%) are self-owned. In the last three years alone, more than one billion euros have been invested in the company's own stores and are to be further expanded. A good example of this is Hamminkeln, a city in northern North Rhine-Westphalia, where Aldi Süd opened its 2,000th store just a few weeks ago. The investments consist of conversions in 2019 to 2021 with a total s

USA: Dollar Tree intensifies investments in food

Mar 9
4 min

Americas

USA: Dollar Tree intensifies investments in food

Discount retail Chain Dollar Tree (listed on NASDAQ DLTR) outlines plans amid release of its better-than-expected Q4, FY22 earnings After substantial leadership changes throughout 2022, Dollar Tree has revealed better-than-expected fourth quarter and fiscal year financial results. During its earnings call, the discount retailer said it’s ready to accelerate investments, including grocery. During the fourth quarter ended Jan. 28, the company reported its consolidated net sales

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