Discount store
Another supermarket chain freezes prices
Migros, one of the largest supermarkets with nearly 3,000 outlets across Türkiye, has joined a hard discount retailer in freezing prices on stable products.
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Hard discount retailer Şok freezes prices on 1,000 items
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Şok, one of Türkiye's largest hard discount retailers, will freeze prices on 1,000 items, including staple products such as rice, flour, vegetable oil, sugar and tear, until the end of January.
If other supermarkets follow suit, such a move is likely to have a positive impact on the inflation outlook, according to a consumers' association.
Supermarkets – Net profit of 145.5 million euros and 4,571 new hirings in 2020
With a turnover of 9.26 billion euros and net profits of over 145 million euros, the big 7 of the organized retail sector were the most profitable in the domestic retail trade in 2020.
Şok seeks to calm investors after Godiva owner deal hits shares
Turkish discount supermarket chain Şok Marketler has been calling investors spooked by its deal to buy shares at a premium from its controlling shareholder, just weeks after issuing them to shore up its listing, a person familiar with the deal said.
Germany's Lidl launches logistics center near Belgrade
Sapina spoke at the opening of the German supermarket chain's logistics center in Nova Pazova, near Belgrade.
According to him, Lidl will be the fist discount chain in Serbia, whose presence will improve the retail sector in the country.
Turnover up at discount chains, local stores
Neighborhood minimarkets and discount chains were last year's net gainers in food retailing (excluding open-air street markets). These two categories saw their turnover grow in 2015 compared to 2014, according to a report issued by research firm IRI.
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Germany's REWE Pulls out PENNY Discounter from Bulgaria
Germany's supermarket group REWE said on Wednesday it will withdraw completely from discount business in Bulgaria with all PENNY stores ceasing to operate by the end of next month.