What a start: Russian discounter Mere has had to close its first German store after just five days. Not due to a lack of customers, rather the contrary: suppliers could not handle the storming demand and the supermarket's shelves became empty.
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Hard discounters Aldi and Lidl are being challenged in Germany: a new competitor claims to be 20 % cheaper: Russian price fighter Torgservis will open its first store in Leipzig on 29 January.
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The first two branches of Jack's, the new discount formula by Tesco, have opened their doors. The English retail giant aims to offer prices that are lower than those at Aldi and Lidl.
British supermarket group Tesco is apparently developing its own discount formula for the United Kingdom, an attempt to compete with Aldi and Lidl, two competitors that steal away an increasing share of the market.
Major markets like Russia and Romania are the engine that drive the European FMCG branch’s growth. Discounters and convenience stores continue to expand their reach, according to the international research organization IGD.
The Carrefour group just opened its first full-blown Supeco store in Italy. The soft discount formula targets both families and professional customers.
Not even 18 months into its online strategy, British discounter Poundland has announced it will shut down its web shop and focus on the physical stores again.
Textile is a growth area for food retailer Lidl and it hopes to make people notice its fashion product range with a pop-up store in Hamburg. Its private label Esmara will be on display there, a brand focused entirely on women.
Supermarket and convenience store chains need to get ready for the arrival of (very) cheap discount chains from the British market, like Poundland and B&M who are both ready to cross the Channel.
Entrepreneur Stelios Haji-Ioannou will compete with Aldi and Lidl after opening the very first easyFoodstore in Park Royal, northwest of London.