2 days ago
3 min

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

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

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

Jan 13
1 min

Europe

Turkey: BiM also fixes its prices

Discount Retail Chain BiM Birleşik Mağazalar A.Ş. (BİST listed: BIMAS) joined the chains that fixed prices in January. BiM announced that it has fixed the price of 500 products of its 850 SKU assortment throughout this month. In the statement on the official website of BiM, it was stated that the interest of its customers is more important than short-term high profit for BiM. In the statement that the basic principle of BiM since the day it was established has always been to

Turkey: Şok Marketler fixes prices for 1,000 products

Jan 2
2 min

Europe

Turkey: Şok Marketler fixes prices for 1,000 products

Discount Retail Chain Şok Marketler (listed on BIST: SOKM) sets prices for 1,000 products throughout January. From rice to pasta, from legumes to flour, from tea and coffee to sugar, from oil to margarine, from potatoes to onions, the prices for 1,000 basic household items will remain constant until the end of January. Commenting on the pricing campaign, Uğur Demirel, CEO of Şok Marketler said: “Due to global fluctuations, it has been a difficult year for manufacturers, retai

Research: Consumers can’t get enough of private label, ..... driven by discounters

Dec 23, 2022
4 min

Americas

Research: Consumers can’t get enough of private label, ..... driven by discounters

Grocers are adapting to the ongoing consumer quest for value, according to a new Colliers report. TOP TAKEAWAYS some 61.3% of consumers said they would switch to private label if inflation persists private label will reach 21.6% of sales in 2026 consumers across all incomes report shopping at value grocers, including 48.2% of middle-income and 17.6% of high-income shoppers The grocery sector is likely to weather economic weakness heading into the new year as consumers focus m

Russia: Magnit opens 700th My Price discount store

Dec 15, 2022
2 min

Europe

Russia: Magnit opens 700th My Price discount store

Largest Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers across the country turn to cut-price options amid a recession that is further squeezing living standards. Magnit reached the opening of 700 My Price discount stores in 63 subjects in Russia. Most openings appeared in the Volga district with 50 stores. My Price continues to show strong results: the growth of comparable sales in the third quarter exceeded 50% c

Canada: Giant Tiger aims for being the as go-to discount store for inflation-weary shoppers

Nov 27, 2022
3 min

Americas

Canada: Giant Tiger aims for being the as go-to discount store for inflation-weary shoppers

Ottawa-based Giant Tiger Stores wants to position the discount-concept as a go-to store for price-sensitive shoppers during the worst inflation crisis since the early 1980's. “It’s in our DNA,” a spokesman said. “We keep our cost base low and if we keep our costs low, then we’re not facing pressure to be pushing up prices.” Giant Tiger — which operates more than 260 stores between Alberta and Prince Edward Island, with most in Ontario and Quebec — is perfectly placed to help

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