Aldi and Lidl sales to double in five years, says IGD


July 3, 2014 | By RetailME Bureau

Sales from Aldi and Lidl are forecast to double over the next five years as hypermarket sales are poised to fall, according to the Institute of Grocery Distribution (IGD).

Data from the grocery experts showed that hypermarket sales will drop 4% to $120.6 billion despite a predicted 16% rise in overall spend.

For the first time, sales from convenience, discounters and online will overtake hypermarkets and superstores by April 2019.

Aldi and Lidl are predicted to grow share to 10.5% in five years’ time, while online is set to grow 119% to account for 8.3% of the market. Convenience stores will surge by a third to make up 24.1% of the grocery market.

“People are now more willing to shop around at different types of grocery formats. They have more options available to them than ever before. Shoppers now expect grocery retailing to organise itself around their lives rather than building their routines around store opening hours,” says Joanne Denney-Finch, IGD chief executive.

The growth of these channels is piling pressure on supermarket groups. Last week, Tesco chief executive Philip Clark said the grocer was undergoing “radical” changes as it aims to adapt to changing shopping behaviour.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

UAE-based Al Maya Group announced that it will be boosting import of 

Continue Reading

June 24, 2021 | By RetailME Bureau

UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu 

Continue Reading

June 2, 2021 | By RetailME Bureau

UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto




Download Images RetailME Magazine