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.
Norgesgruppen’s Kiwi discount chain continued to be its star performer in 2016 and will be the main expansion banner going forward. This was disclosed in the Norwegian grocery leader’s annual report for 2016, which also showed an overall turnover increase of 5.17% to NOK76.22bn (EUR8.20bn). EBITDA amounted to NOK4.85bn (EUR522mn).
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.