The Latest Discounter Industry Statistics Explained
The discounter industry worldwide was valued at $6.9 trillion USD in 2020.
The statistic that the discounter industry worldwide was valued at $6.9 trillion USD in 2020 represents the total revenue generated by discount retailers operating across the globe during that year. This figure encompasses the sales and transactions made by discount stores, which offer products at lower prices compared to traditional retail outlets. The vast size of the industry highlights the significant role that discounters play in the global retail sector, catering to a wide range of consumers seeking affordability and value in their purchases. The substantial valuation also indicates the widespread popularity and demand for discount shopping options, especially during periods of economic uncertainty when consumers prioritize cost-saving measures.
Germany has the highest number of discount stores in Europe.
The statistic “Germany has the highest number of discount stores in Europe” indicates that Germany has more discount stores compared to any other country in Europe. Discount stores are retail stores that predominantly offer products at lower prices by keeping costs low through various means such as offering limited product selection, sourcing goods in bulk, or operating in less expensive locations. The presence of a high number of discount stores in Germany suggests that the country’s retail market has a strong demand for affordable goods and that discount retailers have found success in catering to this market segment. This statistic highlights an important aspect of Germany’s retail industry and consumer preferences in the country.
Private label sales accounted for nearly 20% of U.S. retail sales in 2019.
The statistic that “private label sales accounted for nearly 20% of U.S. retail sales in 2019” indicates that products sold under retailer-owned brands, also known as private labels, made up a significant portion of overall retail sales in the United States that year. This suggests that consumers have been increasingly receptive to purchasing store-branded products over national or name-brand items. The growth in private label sales could be attributed to factors such as perceived quality, competitive pricing, and strategic marketing efforts by retailers. This data highlights the importance of private label offerings in the retail landscape and indicates a shift in consumer preferences towards these products.
In 2018, there were 32,662 discount stores in the U.S.
The statistic “In 2018, there were 32,662 discount stores in the U.S.” indicates the total number of discount stores operating within the United States during the specified year. This figure serves as a measure of the prevalence and popularity of discount stores in the retail sector, showcasing their significance within the American market. By quantifying the count of discount stores, this statistic provides insight into the competitive landscape of the retail industry and consumer preferences for affordable shopping options. Additionally, the data may be used for market analysis, business planning, and understanding trends in consumer behavior and retail operations within the U.S. during 2018.
The discount store industry in the U.S. made around $97 billion in revenue in 2019.
The statistic that the discount store industry in the U.S. made around $97 billion in revenue in 2019 indicates the significant economic impact of this sector within the country. This figure highlights the substantial amount of consumer spending directed towards discount stores, reflecting the popularity and accessibility of these retail outlets. The revenue generated by the industry not only contributes to the overall economy but also signifies the importance of discount stores in providing cost-effective shopping options for consumers. Additionally, this statistic may serve as a benchmark for evaluating the growth and performance of the discount store industry over time, as well as informing strategic decisions for businesses operating in this sector.
By 2023, the worldwide discount store industry is predicted to reach a market value of $430 billion.
This statistic suggests a forecasted growth in the global discount store industry, projecting that by the year 2023, the market value is expected to reach $430 billion. This indicates an increasing demand for discount stores worldwide, driven by factors such as changing consumer preferences, economic conditions, and the convenience and value offered by discount retailers. The projected growth in the industry signifies opportunities for businesses within the discount store sector to expand their market presence, innovate their offerings, and capture a larger share of the market. Additionally, this statistic highlights the significance of discount stores in the retail landscape and reflects the evolving dynamics of consumer shopping behaviors towards seeking affordable options.
Discount store Aldi has a 7.9% market share in the UK grocery market as of August 2020.
The statistic that discount store Aldi has a 7.9% market share in the UK grocery market as of August 2020 indicates that Aldi holds a significant portion of the overall grocery sales in the UK compared to other competitors. This suggests that Aldi is a popular choice among consumers for their grocery shopping needs, likely due to factors such as competitive pricing, product quality, and convenience. A 7.9% market share also implies that Aldi has established itself as a major player in the UK retail landscape, contributing to the competitive dynamics and market structure of the grocery industry. This statistic provides valuable insight into the positioning and performance of Aldi within the UK market.
Dollar General is the largest discount retailer in the United States by the total number of stores, with 16,278 stores as of 2019.
The statistic that Dollar General is the largest discount retailer in the United States by the total number of stores, with 16,278 stores as of 2019, indicates the significant scale and reach of the company within the retail industry. Having the highest number of stores suggests that Dollar General has a widespread presence across the country, potentially making its products and services easily accessible to a large population. This statistic is essential for understanding Dollar General’s market dominance and competitive advantage within the discount retail sector, highlighting its success in expanding its physical footprint to serve a broad customer base.
E-commerce discounter sales are predicted to grow at an annual rate of 18.4% between 2018 and 2021.
The statistic that e-commerce discounter sales are predicted to grow at an annual rate of 18.4% between 2018 and 2021 indicates a strong and steady growth trend in the online discount retail market over this three-year period. This prediction suggests that the sales of e-commerce discounters are expected to increase by 18.4% each year, reflecting a significant expansion in the consumer demand for discounted products sold online. This upward trajectory in sales forecasts a positive outlook for e-commerce discounters, signaling both the increasing popularity of online shopping and the growing preference for affordable and discounted products among consumers during this timeframe.
The average spend per discounter visit in the UK is approximately £19.
The statistic that the average spend per discounter visit in the UK is approximately £19 means that, on average, each customer spends around £19 during a visit to a discount store in the United Kingdom. This average spend provides insight into consumer behavior in the discount retail sector, indicating the typical amount of money that customers are willing to spend on discounted products or goods. This information can be valuable for retailers in understanding their customers’ purchasing habits and for strategic decision-making, such as pricing strategies and inventory management.
Spain has the third largest discounter penetration in Europe, at 38.5%.
The statistic that Spain has the third largest discounter penetration in Europe, at 38.5%, indicates the percentage of retail sales in Spain that come from discount stores. A discounter is a retail format that offers products at lower prices by operating on lower profit margins, often achieved through cost-saving strategies such as limited product selection and minimalist store design. The fact that Spain ranks third in Europe in terms of discounter penetration suggests that the discount retailing sector is significant and popular in the Spanish market, with a relatively high proportion of consumers choosing to purchase goods from discount stores compared to other countries in Europe. This statistic highlights the prevalence and influence of discount retailers in Spain’s retail industry.
In 2020, Walmart’s revenue was $524 billion, making it the largest discount retailer by revenue.
The statistic states that in the year 2020, Walmart generated $524 billion in revenue, establishing itself as the largest discount retailer based on revenue. This figure highlights Walmart’s significant market presence and financial strength within the retail industry, showcasing its ability to attract a substantial customer base and drive substantial sales despite market challenges. The statistic not only underlines Walmart’s position as a major player in the discount retail sector but also underscores its capacity to adapt to consumer preferences, innovate its offerings, and remain competitive in a highly dynamic market environment.
As of 2019, 36% of households in Europe regularly shopped at discount stores.
The statistic “As of 2019, 36% of households in Europe regularly shopped at discount stores” indicates that a significant proportion of households in Europe frequented discount stores for their shopping needs. This statistic suggests that discount stores are a popular choice among European consumers, likely due to the potential cost savings and value offerings these stores provide. The information is specific to the year 2019 and gives insight into consumer behavior and shopping preferences in the European market at that time. This statistic can be valuable for retailers, market analysts, and policymakers in understanding consumer habits and trends in the retail sector within Europe.
The top five discount stores globally are Aldi, Lidl, Walmart, Costco, and Carrefour.
The statistic “The top five discount stores globally are Aldi, Lidl, Walmart, Costco, and Carrefour” suggests that these five stores are recognized as the leading discount retailers on an international scale. This ranking likely considers various factors such as sales revenue, store locations, market share, and customer satisfaction levels. Aldi and Lidl are prominent discount supermarket chains known for their cost-effective offerings, while Walmart, Costco, and Carrefour are renowned multinational discount retailers that provide a wide range of products at competitive prices. The inclusion of these specific stores in the top five highlights their significance in the global discount retail industry and their ability to attract a large customer base seeking affordable shopping options.
As of 2018, there is a 40.3% penetration rate of discount stores in Asia.
The statistic indicates that as of 2018, discount stores have achieved a penetration rate of 40.3% in Asia, implying that approximately 40.3% of the retail market in the region is comprised of discount stores. A penetration rate represents the extent to which a particular product or service has been adopted or introduced to a specific market. In this context, the statistic suggests that discount stores have established a significant presence and market share in the retail industry across Asia. This could be due to various factors such as changing consumer preferences, economic conditions, and the attractiveness of the value proposition offered by discount stores. The high penetration rate signifies the popularity and widespread acceptance of discount stores as a shopping destination in the Asian market.
Almost 60% of all U.S. households shop at discount stores.
The statistic that almost 60% of all U.S. households shop at discount stores suggests that a significant majority of American households make purchases at stores that offer discounted prices on goods and services. This statistic indicates that discount stores play an important role in the retail landscape of the United States, catering to a wide segment of the population seeking value and affordability in their shopping choices. The prevalence of discount store shopping among U.S. households underscores the ongoing preference for cost-effective options and the impact of economic factors on consumer behavior.ेः
The discounter store market in Europe reached a total value of €233 billion in 2019.
The statistic indicates that the market size of discount stores in Europe amounted to €233 billion in the year 2019. This figure represents the total revenue generated by discount retailers within the European market during that particular year. The size of the discount store market provides insight into the overall popularity and consumer demand for discounted products and services in Europe. It suggests that discount stores play a significant role in the retail industry, catering to a large segment of consumers seeking cost-effective shopping options. This statistic highlights the substantial economic contribution of discount stores to the European retail sector and reflects the industry’s potential for growth and further market expansion.
By 2023, Lidl is projected to have 10% of the grocery market share in the United States.
The statistic indicates that Lidl, a discount grocery store chain, is predicted to capture 10% of the total grocery market share in the United States by the year 2023. This projection suggests that Lidl is expected to significantly expand its presence and competitiveness within the grocery retail industry in the coming years. Achieving a 10% market share would position Lidl as a notable player in the US grocery market landscape, potentially challenging established competitors and prompting shifts in consumer behavior and market dynamics. Retail trends, competitive strategies, and consumer preferences will all play key roles in determining whether this projection will be realized by Lidl in the given timeframe.
In Germany, about 46.2% of the total food retail sales came from discount stores in 2019.
The statistic suggests that discount stores in Germany played a significant role in the food retail sector in 2019, accounting for approximately 46.2% of the total sales. This indicates that discount stores were a popular choice among consumers for purchasing food items, highlighting the importance of competitive pricing and cost-effective options in the market. The high market share of discount stores also reflects a strong consumer preference for affordability and value for money when it comes to food purchases in Germany. Overall, this statistic signifies the substantial presence and influence of discount stores in the country’s food retail industry, shaping consumer behavior and market dynamics.
Aldi UK’s revenues amounted to £10.2 billion in FY 2018.
This statistic indicates that Aldi UK, a multinational discount supermarket chain, generated revenues totaling £10.2 billion during the fiscal year 2018. This revenue figure represents the total amount of money generated from the sale of goods and services within the UK market during that specific time period. The revenue figure is a key metric used to assess the financial performance and market reach of a company. In the context of Aldi UK, the £10.2 billion revenue highlights the substantial size and significance of its operations in the UK retail sector, showcasing its popularity among consumers and its competitive position in the market.
Conclusion
After examining the statistics on the discounter industry, it is clear that this sector is experiencing significant growth and is poised for further expansion in the future. With consumers increasingly prioritizing value and convenience, discounters are well positioned to meet these demands and continue to thrive in the competitive retail landscape. Understanding and leveraging these statistics can provide valuable insights for businesses looking to capitalize on the opportunities within the discounter industry.
References
0. – https://www.www.retail-week.com
1. – https://www.www.statista.com
2. – https://www.www.retailgazette.co.uk
