Following many months of negotiations, a code of ethics has been signed by the representatives of retailers, farmers and processing enterprises which will become effective on 1. July. According to this, 80 percent of products on retailers’ shelves shall be of Hungarian origin. However, it is still not clear who...
Tesco has closed its worst year in 2008 as its profit has barely reached a 5 percent increase in the UK – however, the company is being amazingly successful in the Central-European region. Tesco’s figures — it is expected to post a profit of £3 billion, up about 5 per...
German discount grocer Aldi saw an 11 percent rise in shopper numbers in the UK and Ireland in the first quarter of this year – according to fresh data by Reuters. At the moment. Aldi runs 467 shops in the UK and Ireland. Aldi’s UK market share is just 2.9...
Hard discount chain Lidl open its first 13 stores in Switzerland on March and the German giant is expected to open 14 more stores throughout the year – new research by Nielsen says. Lidl has entered the Swiss market with thirteen stores on 19th March. The arrival of German discount...
Tesco, CBA and Coop lead the top list of retail companies generating the highest revenues in 2008. Tesco generated revenues of HUF 602 billion, while revenues of Héliker, the last company on the top list totalled HUF 9 billion. Concentration in food retail continued in 2008, as being able to...
Hard discounter Aldi is celebrating the opening of its 400th UK store this week. The retailer is feeling the effects of the recession in the UK, with sales growth dipping below 20% chiefly because of weaker demand for non-food goods, In the long term, the discount retailer sees room...
The recession has forced 87% of consumers to change their shopping habits, according to a study by research consultancy Shoppercentric. Out of a thousand people surveyed by market research agency Shoppercentric, nearly a quarter have made major changes in their shopping habits. These consumers are adopting an increasingly promiscuous approach...
Discounter is opening its 1000th discount store in the USA this week, in Connecticut. The number of Aldi stores in Connecticut, which is considered one of the most affluent US states, grew from four to 11 over the past one and a half years. In total, Aldi wants to open 75...
UK supermarket giant will launch a raft of offers targeting shoppers at the time they have the most cash in the bank, at the end of the month. <!-- @page { size: 21cm 29.7cm; margin: 2cm } P { margin-bottom: 0.21cm } --> This strategy is an attempt to stop...
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