more discounter news & analysis – Page 173
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Comment and Opinion
The best comeback since Lazarus
Never go back, they say. That truism is given the lie by the triumphant homecoming of Iceland founder Malcolm Walker.
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Comment and OpinionEditor's Comment: Fresh & Easy could be Sir Terry's farewell gift
It's been a bad week for the Germans. As we report, Metro-owned wholesaler Makro posted a £45m loss in the same week that discounter Aldi suffered a £147m reversal in fortunes an Icarus-like fall from grace.
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News
Safe and sexy for 6p a pop
Good news for lovestruck bargain hunters this week with 99p Stores selling an 18-pack of condoms for less than a quid. Still, it’s not the sort of product where you’d want to gamble on quality. Figures this year showed the average cost of…
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NewsAldi left devastated by discounter-style offensive of big four
Aldi, which just two years ago was promising to revolutionise the UK grocery industry and had Tesco on the run, made a whopping £54.2m pre-tax loss last year, The Grocer can reveal.
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NewsTJ Morris reports big profits but warns of discounter VAT woe
TJ Morris has posted bumper sales and profits but has warned the booming discount market will be squeezed when January’s VAT hike kicks in.
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News
Lidl installs its third MD for UK ops in two years
Lidl has moved fast to appoint Ronny Gottschlich as its new UK MD after the shock departure of Frank-Michael Mros.Gottschlich becomes the German discounter's third UK MD in two years. Mros, the former head of Lidl Germany, was in the...
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NewsIceland unveils pub grub and gastro ranges
Iceland has launched new ranges of pub- and restaurant-style ready meals to bolster its takeaway offer.
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News
In for a pound: an interview with Jim McCarthy
They’re cheap, but Poundland CEO Jim McCarthy’s new stores are cheerfully paying dividends. Peter Cripps reports
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News
Poundland set to launch loaves - if wheat prices will fit £1 game
Poundland plans to add branded loaves to its growing number of grocery products but is waiting to see how wheat market turmoil will affect prices.
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News
Lidl watches energy with smart meters
Lidl has installed 'smart meters' in 95% of its UK stores to help it cut gas and electricity consumption. The discounter has worked with British Gas to install the meters, which will enable it to keep track of energy consumption.
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News
World News 31/7/10
One of the founding brothers of Aldi has died at the age of 88. Publicity-shy billionaire Theo Albrecht, who was last seen in public after release from kidnap nearly 40 years ago, died after a long illness. Theo, together with his brother...
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News
A frozen food chain? Iceland growth is all in fresh and ambient
Iceland's double-digit growth is almost entirely in fresh and ambient, data from Kantar Worldpanel has revealed. In the 12 weeks to 14 June Iceland's sales grew by 11%, with 5.8% from fresh and chilled sales, 2.1% from ambient sales and...
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News
Pick’n’mix of growth plans for 99p Stores
99p Stores has posted bumper sales and profits on the back of a huge store opening programme last year.
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News
Iceland Foods appoints Valtysson as chairman
Iceland Foods has appointed a new chairman after Jón Ásgeir Johannesson stepped down to defend himself against a lawsuit.He was replaced by another Icelander Baldvin Valtysson, head of the London office of Icelandic bank Landsbanki and...
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NewsNew chair for Iceland as Baugur founder steps aside
Iceland Foods has appointed a new chairman after Jon Asgeir Johanneson stepped down to defend himself against a lawsuit.
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NewsDiscounter dreams destroyed as store openings plummet
The discounters have failed to open stores at the ambitious rates they promised when 'The Aldi Effect' was in full swing, new figures show.
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News
JJ Food Service hires D’Acampo to oversee its healthier ranges
Sainsbury's has Jamie Oliver, Aldi has Phil Vickery and now JJ Food Service has signed up Gino D'Acampo.The winner of I'm A Celebrity Get Me Out Of Here! is working with JJ's to promote its brand, raise its profile among caterers and...
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NewsPoundland sold to new private equity owners
Poundland owner Advent International has sold the discount retailer to fellow private equity group Warburg Pincus for an estimated £200m.
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News
World News 3/4/10
Lidl and Aldi could be sued for infringing patents, according to a leading licensing company. MPEG LA said several patent holders had registered separate enforcement actions against Aldi Nord, Aldi Süd, Lidl...
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News
World News 27/3/10
Kellogg's, Sanitarium, Cereal Partners Worldwide, Woolworths, Coles and Aldi are to reduce the sodium content of ready-to-eat breakfast cereals containing more than 400mg per 100g by 15% over the next four years....