Turkey: BIM increased its net profit
Discount Retail Chain BİM (listed BİST: BIMAS) increased its net profit to 8.157 billion TL last year (€ 406 mio). BİM announced its...
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Mar 15, 20231 min read
UAE: Viva opens 75th discount store in Emirates
The Landmark Group reached a new milestone by opening their 75th store in Ajman Life Mall at Al Tallah, United Arab Emirates. Source:...
Feb 28, 20233 min read
Russia: Magnit launches its second discount concept B1
Russian largest retail chain Magnit (owned by Marathon Group and list on MCX: MGNT, LSE: MGNT) launches its second discount format B1....
Feb 15, 20234 min read
Malaysia: Mr DIY expands further and grows its revenues and profits
Discount Non-Food Retail Chain MR D.I.Y. Group (M) Berhad (listed on the Malaysian MYX) reported revenue of RM1.1 billion, a 9.3%...
Jan 27, 20233 min read
Netherlands: Action store engine running at full speed: opening one every other day
Discount Non-food Retail Chain Action (owned by the 3iGroup), increasingly chooses locations just outside the inner cities, in the...
Jan 24, 20231 min read
Russia: Russian hard discount chain Blizkiy opens 100th store in Far East
Far Eastern network of hard discounters "Blizkiy" reaches a milestone by opening their 100th store this week. The discount retailer plans...
Jan 18, 20231 min read
Mongolia: Non-food variety discount chain Fix Price enters the Mongolian market
Russian variety discount chain Fix Price has opened the first two stores in mongolia's capital, Ulaanbaatar. The stores which carry about...
Jan 13, 20231 min read
Turkey: BiM also fixes its prices
Discount Retail Chain BiM Birleşik Mağazalar A.Ş. (BİST listed: BIMAS) joined the chains that fixed prices in January. BiM announced that...
Jan 2, 20232 min read
Turkey: Şok Marketler fixes prices for 1,000 products
Discount Retail Chain Şok Marketler (listed on BIST: SOKM) sets prices for 1,000 products throughout January. From rice to pasta, from...
Dec 21, 20221 min read
Thailand: Central Food Retail opens 3rd GO! store
Discount Warehouse Retail Chain GO! (owned by the Thai Central Group) opened store number 3 in Nakorn city in the south of Thailand after...
Dec 15, 20222 min read
Russia: Magnit races to open Discount Stores as living standards slump
Russian Retail Chain Magnit (MCX listed) plans to continue the rapid roll-out of discount stores next year as shoppers across the country...
Dec 15, 20222 min read
Russia: Magnit opens 700th My Price discount store
Largest Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers across the country...
Dec 12, 20222 min read
Poland: Chinese e-commerce giant JD.com will launch the Biedronka online store
Discount Retail Chain Biedronka (owned by Jeronimo Martins) announced that it has established cooperation with JD Logistics. The Chinese...
Dec 3, 20221 min read
Research: Lidl as the best retail brand in the global top 10
With its Global Best Brand Ranking 2022, the Mafo Institute YouGov publishes the best brands in 41 markets worldwide. Here, Mercedes-Benz...
Nov 7, 20221 min read
Turkey: File has reached 197 stores
Discount Retail Chain FILE Turkey (owned by BIM) opened its last store in Çanakkale, File increased the number of provinces in which it...
Oct 5, 20222 min read
China: Visit to ‘Freshippo Outlets’, a Discount Grocery Store of Freshippo
Alibaba-owned supermarket chain Freshippo, which is called “Hema” in Chinese and widely referred to as Hema or Hema Fresh in English, is...
Oct 3, 20221 min read
Japan: Muji launches under 500 yen store concept
Japanese homewares and apparel retailer Muji has launched a new retail concept dubbed discounter concept Muji 500, offering daily...
Oct 1, 20222 min read
Research: 3 ways retailers can drive private brand growth
Retailers report having strong goals over the next two years for their private brand portfolio, with a current average dollar share of...
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