Now that a recession is looming as a result of the corona virus outbreak, discount chain Lidl wants to sharpen its price image. The retailer has decided to rearrange its international purchasing department.
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Lidl is publishing a list of the suppliers behind its private label brands in Germany. The discounter is one of the first chains in the world to disclose such sensitive information, and says it does so in a move to become more sustainable and transparent.
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Discounter Lidl is banning Danone products from its French shelves after a discussion about price transparency. The ban on eight references of the Danette and Activia brands enters into effect on 15 May.
In just three years, Amazon has moved up from tenth to third place in the annual ranking of the world's largest retailers. The e-commerce giant has almost doubled its turnover and has passed famous chains such as Lidl, Carrefour and Aldi.
Lidl is rolling out its Lidl Plus loyalty app to Belgium. The programme provides customers with extra benefits, such as promotions via digital coupons. A payment option is in the pipeline.
Belgian vegans are advised to do their shopping at both Ahold Delhaize chains, a study found out. Albert Heijn offers the largest vegan selection, closely followed by Delhaize. The discounters Aldi and Lidl are on the other side of the spectrum.
German supermarket chains such as Edeka and Rewe have achieved stronger growth figures in 2019 than hard discounters Aldi and Lidl. Which lessons are there to learn from this remarkable feat?
Jumbo is going one step further in its conquest of Belgium: the Dutch supermarket chain now eyes Vilvoorde or Zaventem, in the Brussels Periphery. Hasselt and Lommel, in the province of Limburg, are numbers fifteen and sixteen on Jumbo's list of Belgian locations.
Morrisons announces a major restructuring in which 3,000 management jobs will disappear. At the same time, the British supermarket chain wants to create 7,000 new jobs "on the shop floor".
Last year, Aldi managed to outperform Tesco and Carrefour to take second place in the ranking of the largest European food retailers, after rival Schwarz Group (Lidl and Kaufland). Further consolidation in the sector seems inevitable.
Retailers in the Benelux will face declining consumer confidence and increasing competition in the coming years, credit rating agency Moody’s says in a new report. Traditional retail chains are forced to make high investments due to the growth of online retail, which has a negative impact on profits and creditworthiness.
German hypermarket chain Kaufland, which, like Lidl, is part of the Schwarz Gruppe, is stowing away its plans to enter the Australian market. The retailer wants to concentrate on its European core markets.
Hard discounters lost market share in the Netherlands last year, which is remarkable. Market leader Albert Heijn remained stable, the big winner being Jumbo, partly thanks to acquisitions.
French supermarket chain Casino wants to offload its discount chain Leader Price and is now supposedly close to a deal with Aldi.
What will 2020 bring for the retail sector? Growing tensions between retailers and their suppliers, fears EuroCommerce director-general Christian Verschueren. He hopes that the new European Commission will put a strong stop to increasing protectionism.
International growth rate does not slow down at Lidl: this year, the discounter will enter two new countries. The retailer is becoming more and more successful in keeping costs under control and is focusing more on e-commerce and sustainability, as we can conclude from an in-depth analysis of recently published financial results.