Coop Norge has disclosed plans to add a further 100 discount stores to its Extra banner this year, Norwegian news site Nettavisen writes. Of these, 10-20 will be brand new store openings, with the balance being store conversions from other banners.
In Norway, Europe’s discount-densest country, entry-price stores will continue to outgrow other grocery formats, LZ Retailytics forecasts show. Already claiming over half of total grocery turnover, the discount channel is expected to achieve double-digit growth between now and 2022.
LZ Retailytics’ team of senior analysts is bringing our analysis platform to life but their knowledge and experience extend well beyond that. They specialise in new store formats, e-commerce, private label, hard discount and more. From time to time they share their viewpoint about current topics and trends, backed by robust data from LZ Retailytics.