The discount channel has become the fastest-growth store format globally, with an expected CAGR of 5.1% through 2021. The growing profile of the discount channel has prompted market leaders to develop strategies to compete effectively. The shift to small box formats and shoppers seeking convenience and flexibility have led to this rapid growth. Leading
CPGs and Suppliers have a tremendous opportunity to capture this growth and win the discount channel.
On Thursday, May 10, we examined the rise of discount
retail and the significant opportunities for growth ahead, including:
- Drivers behind the growing influence of discount
- Initiatives and developments driving forward the major players
- Why the model works and future challenges
- Supplier opportunities and learning how to win with discounters