Discount Retail Chain Lidl's and supermarket Kaufland's, both owned by the German Schwarz Group, private label DIY tool brand 'Parkside' is the best-selling DIY brand in Europe, according to Euromonitor International. The market research company refers to the retail sales value. The study was conducted in March. The DIY segment is defined as a combination of craft and power tools, hardware, other DIY products, gardening tools, and garden accessories. A campaign last year with Arnold Schwarzenegger caused a sensation. The product portfolio will continue to grow this year, according to a press release. In addition to the expansion of the range to include the garden items of the Parkside Eco Line and products for irrigation, cultivation and garden maintenance, further product innovations are also on the agenda in the workshop area, the Parkside Performance line and DIY. They will be available in stores and online at Lidl and Kaufland. Read more: Lidl-Eigenmarke Parkside meistverka... - diy online #smartdiscount #lidl #kaufland #parkside #privatelabel #ownbrand #main #brand #image #diy #europe #topseller #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google

Discount Retail Chain Aldi UK has reported record sales in the U.K. and Ireland and its boss insists that shoppers have changed their habits forever. As Aldi reported that annual sales had topped $18.9 billion in the year to December 2022, over $2.4 billion up on a year prior and a record in its 33-year history in the U.K., CEO Giles Hurley predicted more to come. Aldi's operating profit nearly tripled in 2022 to top $218 million, up from around $73.5 million in 2021, helped as spending on pandemic measures in 2021 fell away, while an extra million British customers shopped at Aldi over the past 12 months according to data from supermarket tracker Kantar. That means two thirds of U.K. households are now shopping with the discount chain, the company claimed. "Britain is shopping very differently to how it did 18 months ago - fewer trips, more own label products, and switching supermarkets in search of better value," Hurley said. "What we're seeing is a new generation of savvy shoppers who've turned their back on traditional, full-price supermarkets in favor of transparent, low prices." He believes that the cost-of-living crisis has changed shopping habits permanently, and said that shoppers are buying more own label products than ever. He expects this trend to contine, with produce sold by supermarkets under their own name now representing more than half of sales by value. That’s great news for Aldi and its German arch rival Lidl, where the vast majority of their product offer is private label. Aldi Continues Growth Aldi overtook grocery chain Morrisons last year to become the U.K.'s fourth-biggest supermarket and Hurley insisted: "If you look in volume terms that figure is much bigger and at the moment own label products are growing at twice the rate of branded goods. By contrast, a number of the other supermarket groups have reported falling profits and Lidl’s British business made a surprise annual loss as a result of its expansion plans and rising costs. Lidl recently reported a surprise loss but has pledged to further growth in the U.K. The discount supermarket reported a full-year pre-tax loss of $92.6 million on September 14, after posting profits of $50.2 million the year prior. Lidl said it had opened more than 50 shops in a year and had increased its market share among its rivals. Undeterred, Lidl chief executive Ryan McDonnell insisted that the retailer would continue to grow its store portfolio and said there was "no limit” to its U.K. ambitions. Aldi Opens 1,000th Store For its part, Aldi said that the soaring results were due to an exceptional prior year when its profit margin fell to an 11-year low of 0.4% after significant Covid-related costs and Hurley admitted that margins remained very tight in the grocery sector at just 1.2% last year. Aldi has now set a long-term target of operating 1,500 U.K. stores, up from a target of 1,200 previously and it opened its 1,000th store in Woking in the South-East England earlier this month. It has pledged to invest a further $1.7 billion in the U.K. over the next two years. Food price inflation has started to tail off slowly but is up 13.6% in the year to August, according to the Office for National Statistics, with supermarkets cutting prices on a range of products over the last few months to try and ease the cost of living squeeze. Meantime, in France Carrefour recently called out major brands over ‘skrinkflation’ in a bid to pressurize some its major suppliers to drop prices. Read more: No Stopping Aldi As CEO Claims Consumers Have Changed For Good (forbes.com) #smartdiscount #aldi #lidl #uk #expansion #growth #customers #change #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google

Discount Retail Chain Lidl UK's ambitious expansion plans in the United Kingdom demonstrate the supermarket's unwavering commitment to providing high-quality products at affordable prices to households across the country. With the opening of "hundreds" of new stores in cities like Bristol, Birmingham, and London, as well as smaller towns and communities, Lidl is positioning itself to reach a broader customer base and solidify its presence in the UK market. The company's significant infrastructure investments, including the opening of its largest global warehouse and the completion of an extension to its Welsh distribution center, underscore its dedication to supporting this growth. As Lidl celebrates its 30th year in the UK, the supermarket is clearly poised to continue its expansion, driven by a vision of making its offerings accessible to even more shoppers in the years to come. Lidl's Growth Strategy Lidl is aggressively expanding its presence across the UK, with plans to open "hundreds" of new stores in the coming months and years. The discount supermarket chain is targeting both urban and suburban locations, with a focus on major cities like Bristol, Birmingham, London, Edinburgh, Leeds, and Liverpool. This strategic expansion will allow Lidl to reach more households and provide high-quality, affordable produce to an even wider customer base. To incentivize site identification, the company is offering a finders' fee to those who help secure new store locations. As Lidl celebrates its 30th year in the UK, this ambitious growth plan demonstrates its unwavering commitment to increasing accessibility and serving even more communities throughout the country. Lidl's Infrastructure Investments Lidl has continued to make significant investments in its infrastructure to support its ambitious growth plans across the UK. The opening of the company's largest global warehouse in Luton marks a major milestone, providing increased storage and distribution capabilities to meet the growing demand for Lidl's services. Additionally, the completion of the extension to the Welsh distribution center in Bridgend showcases the retailer's commitment to optimizing its supply chain and ensuring efficient product delivery to its expanding network of stores. As Lidl explores innovative expansion opportunities, these strategic infrastructure investments position the company to effectively scale its operations and bring its high-quality and affordable offerings to even more households throughout the country. Lidl's 30th Anniversary in the UK As Lidl celebrates its 30th year since opening its first store in the UK, the supermarket is committed to providing high-quality, affordable products to all households across the country. To achieve this goal, Lidl is offering finders' fees to anyone who can identify new potential store locations, further expanding its reach and ensuring more people have access to its wide selection of goods. This milestone anniversary marks Lidl's dedication to its customers, and the company is excited to welcome even more shoppers to both its existing and soon-to-be-opened stores in the coming years. Read more: Lidl sets sights on “hundreds” of new UK store openings | Retail Bulletin (theretailbulletin.com) #smartdiscount #lidl #uk #expansion #investments #growth #store #businessdevelopment #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google

Discount Retail Chain Aldi USA customer's regular pilgrimage to the nearest Aldi store is driven by more than just her household's budgetary needs. The "aisle of shame," as Aldi superfans affectionately call it, is a treasure trove of unexpected delights that fuels her shopping adventures. From garden gnomes to pet beds, this rotating assortment of specialty items offers an irresistible temptation for bargain hunters like Pratt, who gleefully admits to spending upwards of $150 on these unplanned purchases every time she visits. The aisle's ever-changing selection, carefully curated by Aldi's team of trend experts, keeps customers coming back, eager to discover the latest must-have finds. For Pratt and others, the "aisle of shame" has become a catalyst for their loyalty to the discount grocery chain, complementing the already appealing low prices that draw them in. Whether it's a $13 pair of sneakers or a chic $13 wrap dress that goes viral, the thrill of the hunt in this unique aisle keeps Aldi shoppers coming back, eager to indulge in the small joys and unexpected delights that make their trips to the store a true adventure. The Irresistible Allure of Aldi's "Aisle of Shame" Aldi's "Aldi Finds" aisle, affectionately dubbed the "aisle of shame" by superfans, is a veritable treasure trove of unexpected delights. This rotating assortment of specialty items, from garden hammocks to pet sweaters, captivates shoppers with their startlingly low prices. The Wednesday shopping rush is a testament to the aisle's popularity, as hordes of Aldi loyalists, 3 million of whom are members of the active "Aldi Aisle of Shame" Facebook group, descend upon the store to snatch up the latest viral finds. For shoppers the aisle of shame is as much of a draw as Aldi's famously low prices, which can be up to 15% cheaper than Walmart in some markets. Pratt happily admits that she often finds herself indulging in "unnecessary things," racking up $150 in non-grocery purchases during each Aldi visit, filling her home with an eclectic mix of outdoor decor, cookware, and pet accessories. The allure of the aisle is not lost on Aldi, as the company strategically curates a selection of trending products, sourced quickly to beat the competition, and positions them to drive impulse purchases and boost profit margins. Whether it's a viral $13 wrap dress or a pair of hanging bamboo lamps, the aisle of shame continues to captivate Aldi shoppers, blending the thrill of the hunt with the satisfaction of a bargain. Aldi's Strategic Approach Aldi's expansion plans showcase its competitive positioning in the discount grocery market. The retailer's focus on the "aisle of shame" - a rotating assortment of specialty items at startlingly low prices - plays a strategic role in driving profitability. While Aldi's core business revolves around providing high-quality, affordable groceries, the "aisle of shame" allows the company to boost its profit margins. These unique, limited-time offerings entice customers to visit the stores more frequently, supplementing their basic shopping trips with impulse buys. Aldi's efficiency-driven model, centered on a curated private label product selection and a streamlined shopping experience, aligns perfectly with the current consumer landscape where shoppers are seeking value and convenience. As Aldi continues its rapid U.S. expansion, its strategic approach of blending low-cost groceries with the treasure-hunt appeal of the "aisle of shame" positions the retailer as a formidable competitor in the discount retail space. Read more: Aldi’s ‘aisle of shame’ is a middle row of goodies that have nothing to do with groceries. Shoppers are huge fans of it | CNN Business #smartdiscount #aldi #usa #nonfood #aldiaktuell #aldinews #inout #wigig #weekly #middlerow #specialbuys #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google

According to the latest data from Circana, private label products have experienced significant growth across Europe's largest grocery markets, now accounting for 64% of total volume sales. This figure represents a two-percentage-point increase compared to the same period last year, indicating a continued shift in consumer preferences towards store-branded goods. To boost volume sales in the face of overall FMCG decline, retailers have ramped up their promotional strategies, with a 15% increase in the number of promotions compared to the previous year. This has had the desired effect, as the first three months of 2024 saw a marginal 0.7% growth in volume sales. Private label promotions have been particularly aggressive, with a 36% increase in hypermarkets and a 25% rise in supermarkets. The discounter channel has seen an even more dramatic 68% increase in the volume of items sold on promotion. While these promotional tactics have helped stem the tide of volume losses, industry experts warn of the danger of over-saturating the market with deep discounts. Ananda Roy, Senior Vice President of Strategic Growth Insights EMEA at Circana, cautions that the volume uplift from promotions is likely to be short-lived, and that true, sustainable growth will require a shift towards more organic strategies, such as shopper activation, brand experience, and innovation. Private Label Dominance in Europe's Grocery Markets According to the latest data from Circana, private label accounted for a staggering 64% of volume sales in the six largest grocery markets across Europe - France, Germany, Italy, the Netherlands, Spain, and the UK. This figure represents a 2 percentage point increase compared to the previous year, showcasing the growing dominance of private label products in the region. Interestingly, the overall FMCG volume sales declined by 1.2%, underscoring the importance of private label offerings in maintaining market share for retailers. Strategies employed to boost volume sales include a significant increase in promotional intensity, with 15% more promotions compared to the corresponding period a year earlier. This move has helped to slow the volume sales decline as we entered 2024, with a marginal growth of 0.7% recorded in the first three months of the year. Promotional Strategies Boost Private Label Sales Faced with declining FMCG volume sales, retailers and manufacturers have turned to aggressive promotional strategies to drive growth. Circana's data reveals a 15% increase in promotions compared to the previous year, with promotion penetration reaching 21% of FMCG products sold. This promotional push has been particularly pronounced in the private label space, with a 36% increase in hypermarkets, 25% in supermarkets, and a staggering 68% rise in discounters. The goal of these promotional efforts has been to tackle the 1.2% volume sales decline seen across the total FMCG market. While this strategy has had some success, with the first three months of 2024 seeing a marginal 0.7% volume growth, Circana's experts warn that the uplift is likely to be short-lived. They caution against "over-saturating shelves with deep deals" and emphasize the need for more sustainable, organic growth strategies focused on shopper activation, brand experience, and innovation. As private label continues to gain ground, accounting for 64% of volume sales, manufacturers and retailers must rethink their approach to drive true, long-term volume growth in the European FMCG market. Tackling Volume Losses Manufacturers and retailers have resorted to increased promotions in a bid to shore up dwindling sales volumes. However, this promotional strategy is unlikely to provide a long-lasting solution. The volume uplift gained from such deep discounts is expected to be short-lived, as high absolute prices, low innovation, and growing private label penetration continue to impact the market. True volume growth is unlikely to return until the end of the year, necessitating a shift in focus towards organic growth through innovative tactics. This includes a greater emphasis on shopper activation, brand experience, and product innovation - strategies that can drive sustainable growth and capture the attention of consumers in a highly competitive landscape. Read more: Private Label Volume Sales Continue To Rise, Says Circana | ESM Magazine #smartdiscount #privatelabel #ownbrand #fmcg #expansion #growth #development #europe #volume #sales #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google

Discount Retail Chain BİM`s CEO Haluk Dortluoğlu made a statement about the investment news in the Canadian press. According to Canadian media reports, the federal government is looking for foreign businesses to come to the country in an effort to increase competition and give the public more choice. Accordingly, the Canadian government has included Turkey's BİM, as well as Germany's Aldi, Lidl and France's Les Mousquetaires, on the list of potential candidates. In a statement to Reuters, BİM CEO Haluk Dortluoğlu said, "We have not received any official invitation from Canada. As far as we can tell, this is an internal assessment of the Canadian government and has been leaked to the press. Canada wasn't a market we were thinking of entering anytime soon. However, if requested by the Canadian government, we will of course make an assessment. We analyze the market and give our opinions," he said. BİM, Turkey's leading food retailer in terms of sales, currently operates in Morocco and Egypt as well as Turkey. According to the latest financial figures announced by the company, BİM's nine-month sales as of the end of the 3rd quarter of 2023 amounted to 184 billion liras ($5.64 billion). In the same period, its net income was 8 billion liras. Recent news at theglobeandmail.com, quoted that Charlie Miller, president of Canadian Commercial Realty Inc. in London, Ont., mentioned that Lidl has withdrawn from its plans to open short term stores in Canada. Read more: BİM'den Kanada'ya yatırım iddiaları ile ilgili açıklama (ortakalan.org) #smartdiscount #canada #bim #aldi #netto #penny #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google #government #investment #expansion

Discount Retail Chain BİM continues its renewable energy investments without slowing down for a livable environment and a sustainable future. BİM commissioned its 18th SPP investment in Bafra district of Samsun. With the solar energy panels installed on the roof of the BİM warehouse in Bafra, 100 percent of the energy needs will be provided from natural sources. With this application, a reduction in carbon emissions equivalent to the gain of 417 tons and 6,220 trees per year will be achieved. Bafra SPP, which has an installed capacity of 560 kWp, became the 17th of BİM's rooftop SPP projects, while the total number of SPP projects, including BİM roof and on-land, increased to 18. With the solar energy panels installed on the roof of the BİM warehouse in Bafra, 100 percent of the energy needs will be provided from natural sources. While the production to be obtained within the scope of the project corresponds to the annual energy consumption of 239 households, it was measured that carbon emissions will be reduced by 417 tons per year, which is equal to the gain of 6,220 trees. BİM will reduce carbon emissions by 22,400 tons annually with the BİM 18 SPP Project BİM, which has been continuing its SPP investments since 2020, aims to reduce its greenhouse gas intensity by 20 percent by 2026 compared to 2019 in the first stage. The total capacity of BİM's 18 SPP projects has reached 27 MW. With 18 SPPs, a total of more than 13,600 households will produce equivalent to their annual energy consumption, while an annual reduction of 22,400 tons in carbon emissions and more than 380 thousand trees will be gained. Read more: BİM 18'inci GES yatırımını devreye aldı (ortakalan.org) #smartdiscount #bim #turkey #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting

Discount Retail Chain ATAC Hiper Discount by Auchan introduces a groundbreaking concept fuelled by various strategies aimed at providing affordability, convenience, and environmental consciousness. To achieve 'everyday low prices,' ATAC prioritizes optimisation in product selection, reduced operating costs, and bulk discounts. This approach decreases electricity consumption by minimizing the requirement for widespread refrigeration displays. Furthermore, maximized logistics processes and decreased transportation expenditure contribute to ensuring competitive prices. This innovative approach reduces initial investments in decorations and advertising, prioritizing cost-effectiveness while efficiently handling products on pallets and adaptable shelving to make the most of space utilization. Introducing ATAC Hiper Discount by Auchan The concept of ATAC Hiper Discount by Auchan is centered around providing consumers with everyday low prices while offering different price tiers based on quantity. The strategies employed by ATAC to maintain low prices include optimizing product selection, reducing operating costs, offering bulk discounts, and minimizing electricity consumption through reduced refrigeration needs. The location of the renovated hypermarket in Brașov Vest covers an expansive 6,000 square meters and is situated on Cristianului Road No. 5 in the Bartolomeu district of Brasov, and it features convenient shopping with ample space, clear signage, and numerous checkout options, including eight cash registers and 16 self-checkout stations. Operational Features and Store Highlights The new shop format includes features such as wide, uncluttered aisles, clear signage, and a variety of checkout options, including eight cash registers and 16 self-checkout stations. With a focus on customer convenience, ATAC caters to both individual shoppers and businesses, offering special discounts and deals for loyalty cardholders. Emphasizing environmental protection, the store provides facilities for used cooking oil collection, a system for recycling PET, aluminium, and glass packaging, and active participation in the Zero Waste district. These operational features and store highlights reflect ATAC's commitment to a seamless shopping experience while prioritizing sustainability and customer satisfaction. Auchan Romania's Store Network Auchan Romania's network includes diverse store formats ranging from classic hypermarkets, discount hypermarkets, and supermarkets to the innovative Auchan Go store, and the convenience of MyAuchan ultra-proximity outlets. This comprehensive portfolio showcases the company's dedication to catering to varied consumer needs and preferences. The store on Cristianului Road No. 5 in the Bartolomeu district of Brasov is a pivotal addition to Auchan Romania's expansive network spanning over 430 stores. This strategic location underscores Auchan's commitment to making their offerings accessible, serving the local community while exemplifying their substantial presence within the retail landscape. Read more: Auchan Launches New Discount Hypermarket Brand In Romania | ESM Magazine Photo courtesy of ATAC #smartdiscount #hyper #atac #auchan #romania #growth #expansion #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting

Discount Retail Chain Tiendas Mass has strategically positioned itself in Peru’s retail landscape, rapidly reaching its 1,000th store milestone since its inception in 2006. The discount retail chain, under the umbrella of Grupo Intercorp, has notably expanded beyond Lima, establishing a strong presence along the coast, with upcoming plans for a grand entrance into Cusco. As a key member of the Supermercados Peruanos S.A. conglomerate, alongside prominent brands like plazaVea y Vivanda and Makro Peru, Tiendas Mass has carved its niche as a hard discount retailer. With a primary focus on A- and Private Label Brands, Tiendas Mass has recently embarked on a transition towards Private Labels, evident through the recent launches of "Valida" and "El Granelito," catering to various food categories. Furthermore, the average store size ranging between 150-200m2 and a limited assortment of approximately 750 SKU's highlight Tiendas Mass's emphasis on efficiency and selectivity. Looking ahead, Tiendas Mass's expansion strategy targeting around 350 new stores, reflecting their commitment to accessibility and affordability, is distinctly noteworthy. Moreover, the recent adoption of credit card payments further underlines Tiendas Mass's commitment to enhancing customer convenience and shopping experience. Tiendas Mass Expansion and Presence The expansion of Tiendas Mass has been remarkable since its inception in 2006. Most of its stores are concentrated in Lima, serving the capital's extensive population. However, the retail chain has also strategically positioned itself along the entire coast, with stores in Piura, Chiclayo, Trujillo, Chimbote, Ica, and more. In a promising development, Tiendas Mass is gearing up to inaugurate its premier store in Cusco, marking a significant milestone in its expansion across Peru. This underscores the brand's commitment to extending its footprint and making quality products accessible to a wider demographic. Product Strategy The shift from A- and Exclusive Brands to Private Labels has marked a significant transition for Tiendas Mass. Moving towards Private Labels, with the launch of "Valida" for products like canned goods, spices, and salt, and "El Granelito" for legumes and seeds, has allowed for greater flexibility and brand control. With an average store size of 150-200m2 and a limited assortment of approximately 750 SKU's, Tiendas Mass has successfully curated a focused yet varied selection for its customers. Additionally, the recent introduction of credit card payments in all their stores has greatly enhanced the convenience and shopping experience for patrons. Tiendas Mass Performance and Financials In terms of performance this year, Tiendas Mass plans to open approximately 350 new stores, expanding its footprint across Peru. The brand's average basket value is around Peso 15, which is around US$4. This signifies their strong appeal to budget-conscious consumers, making their offerings affordable and accessible. Furthermore, the recent implementation of credit card payments in all their stores demonstrates a commitment to enhancing customer convenience and expanding payment options, ultimately contributing to potential sales growth and customer satisfaction. Thanks to source: Javier Benavides Maza #smartdiscount #tiendasmass #peru #expansion #growth #drc #discount #retail #consulting #discountretailconsulting #retailconsulting #google #grupointercorp

Discount Retail Chain Aldi US's innovative checkout-free program Aldigo, developed in collaboration with Grabango, marks a significant advancement in the grocery industry. Eric Traxler, Aldi's vice president of IT, described it as an exhilarating accomplishment, reinforcing Aldi's commitment to consistently deliver a top-notch shopping experience. The unobtrusive implementation of the system, located at the Aurora, Ill., store, signifies a seamless integration. Similarly, Grabango CEO Will Glaser emphasized that launching the technology in a typical store, without special modifications, is a pivotal moment for the grocery sector, an achievement illustrating the adaptability and unobtrusiveness of innovative technology within conventional retail spaces. Transforming Grocery Shopping: Exploring the Technologies of Aldigo The checkout-free technology at Aldigo involves a groundbreaking combination of cameras, computer vision, and artificial intelligence. Cameras placed throughout the store use computer vision and AI to track which items are taken by the shopper, ensuring a seamless shopping experience. The Grabango app allows shoppers to effortlessly download it, place items in their baskets, and then scan a QR code in the app at the end of their trip, with the bill charged to an online account. This innovative approach is poised to revolutionize the way we perceive and engage with grocery shopping, making it both efficient and convenient for shoppers. The Checkout-Free Revolution: Aldigo's Industry Impact The launch of the Aldigo program is described as a groundbreaking step for the grocery industry, marking the integration of cutting-edge, checkout-free technology into traditional retail environments. The partnership between Aldi and Grabango is considered a pivotal moment because it denotes the successful implementation of a seamless, cashier-free shopping experience within a full-sized grocer. This technology has the potential to revolutionize the way consumers shop, streamlining the checkout process and enhancing convenience. Additionally, it underscores the adaptability of such advancements, as it seamlessly integrates into existing store layouts, reflecting a significant shift in the retail landscape. Efficient Implementation and Seamless User Experience at Aldi's Aldigo Store According to Aldi's vice president of IT Eric Traxler, the integration of the Grabango checkout-free technology at the Aurora, Ill., store was seamlessly implemented. Traxler expressed his excitement, stating, "It's exciting to see a checkout-free capability live in one of our stores. Aldi is continuously looking for new ways to be innovative and provide a best-in-class experience for our shoppers, and Aldigo is a great example of that in action." Grabango CEO Will Glaser mentioned that the Aldigo program is a pivotal moment for the grocery industry, emphasizing that their decision to launch the technology in a typical store, without altering its layout or product displays, reflects their commitment to real-world usability. A visit to the store in February revealed that the technology is practically unnoticeable, seamlessly blending into the shopping experience while offering the convenience of a checkout-free solution. Read more: Aldi and Grabango announce AI-powered checkout-free tech (supermarketnews.com) Photo courtesy of Grabango #smartdiscount #aldi #aldigo #ai #cashless #Grabango #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting

Discount Retail Chain Bach Hoa Xanh has sold a 5% stake to CDH Investment, a Beijing-based company, lower than an earlier plan to sell 20%. Electronics retailer Mobile World said in a disclosure that its retail subsidiary has completed the deal, whose value was not revealed. CDH Investment, established in 2022, is among the first private fund managers in China with focuses on consumer goods and manufacturing. It now manages US$27 billion in assets over 350 companies. Bach Hoa Xanh is now seeing positive earnings and therefore does not need to sell as much as an earlier plan, the disclosure said. The discount chain, established in 2015, posted VND8.3 trillion ($332 million) in accumulative losses by the end of last year. Its performance, however, has been improving this year. It posted a revenue of VND6.09 trillion in the first two months, up 47% year-on-year. Read more: Bach Hoa Xanh grocery chain sells 5% stake to Chinese investor - VnExpress International #smartdiscount #vietnam #bachhoaxanh #investor #cdh #expansion #growth #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google #china #mobileworld

Discount Retail Chain DALI has started accepting credit cards and digital payments in response to requests of its growing consumer base. DALI, which previously accepted only cash payments, began to accept Maya, GCash, Visa and Mastercard on Monday, joining its bigger rivals and traditional retailers. Julianne, tending the cash registry at a DALI outlet in Pasig, said customers are very happy and many are already using the new payment options. “Since we opened many have been saying that we should have GCash, Maya and credit cards.” Digital and credit card payments are particularly strong in residential areas without easy access to banks for cash withdrawals. Despite only accepting cash since its start in 2020 during the pandemic, DALI has grown rapidly, luring consumers with its low-priced, quality products. The retailer currently has 630 stores and plans to expand to 950 outlets by year-end. Read more: Cash no longer king: Dali embraces digital payments to lure customers (bilyonaryo.com) #smartdiscount #philippines #dali #expansion #growth #digitalpayment #cash #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google