Market News

European Private Label Awards 2024 winners announced

The European Private Label Awards, organised by ESM: European Supermarket Magazine, attracted 68 entries this year, with 21 innovations in 17 categories. This article is available for reading in Trade...

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Rapid digitalisation in pharmacies

This article is available for reading in Trade magazin 2024/5 This is what impatient customers dream about Dr István Vámossy, general manager of Gollmann Magyarország/Pharmamatrix Kft. believes that digitalisation and...

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Self-checkouts also need a better strategy to succeed

Grocery Dive’s report on self-service checkouts and Mordor Intelligence’s forecast suggest that the self-service checkout market can grow by an average of 10.2% per year between 2024 and 2028. This...

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An all-around convincing performance by this year’s EuroCIS

This year’s EuroCIS – the leading trade fair for the retail technology industry – was a big success. This article is available for reading in Trade magazin 2024/5 The trade...

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The missing workforce – Lawyers from PwC Legal, Dr László Szűcs and Dr Melinda Molnár were the guests of Chain Bridge Club

At the end of December, a new law on the entry and residence of third-country nationals was passed. Then we had to wait another two months for detailed procedural rules,...

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Conad Adriatico’s expansion in Albania

Italy’s Conad Adriatico continues its expansion in Albania, opening a new supermarket in the capital city of Tirana. With this move the cooperative’s store number reaches 44 in Albania and...

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SPAR South Africa is targeting both affluent and lower-income shoppers

South African grocery retailers are modifying their strategies to appeal to both affluent and low-income shoppers. While competitors, including the country’s leading grocery retailer Shoprite and Pick’n’Pay have brands that...

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DIA to close more than half its stores in Brazil

Spanish grocery group DIA is to close 343 of its stores and three warehouses in Brazil, after the company ended last year with a negative result of a EUR 154m...

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Pingo Doce to open 50 new in-store restaurants

Pingo Doce is looking to differentiate itself in the more and more competitive Portuguese market by expanding its foodservice offering. The retailer plans to open 50 in-store restaurants this year,...

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Coviran wants greener footprint

Spanish retail cooperative Coviran is aiming to expand the use of renewable energy throughout its supply chain, in a bid to reduce its carbon footprint and make its network more...

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Randstad explores the relationship between AI and the world of work

In early February Randstad published the first details of its HR Trends 2024 research. The survey, which polled senior executives from more than 350 Hungarian companies in various sectors, also...

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No more chocolate and sweets at the checkout in Kiwi stores

Norwegian discount retailer Kiwi would like to promote healthy food choices for shoppers by removing all chocolate and sweets products from the checkout zone. The initiative has been welcomed by...

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Open water!

There was a sales drop in the mineral water category last year. However, the branded flavoured mineral water market has produced an impressive growth recently. This article is available for...

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An exciting, exotic world

Our magazine has asked the biggest players in the domestic rum and tequila categories about the market situation. This article is available for reading in Trade magazin 2024/5 Zoltán Kedves,...

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Five global digital consumer trends

Euromonitor International’s annual report gives an insight into the trends shaping the changing values of digital consumers and how their behaviour is affecting their purchasing motivations and needs. This article...

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Ikea launches AI-based interior design assistant

You can now use ChatGPT to design an Ikea interior. The furniture store chain has launched its own AI-based assistant, which not only helps you design your kitchen but also...

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European Parliament adopts AI legislation

The European Parliament has voted by an overwhelming majority in favour of EU legislation on artificial intelligence. This groundbreaking regulation is expected to enter into force early next year and...

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Nébih: the spring food inspection ended with fewer fines than last year

The national food inspection, which ended on April 1, ended with approximately the same number of warnings, but fewer fines than last year, the National Food Chain Safety Office (Nébih)...

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2024 Q2 Investment Outlook: Timing matters

Positive momentum is building. The outlook for 2024 has brightened, but we caution that it won’t take much to spill over.We came into 2024 believing that a cyclical recession, featuring...

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KPMG: Female senior managers adapted surprisingly quickly to the polycrisis

Despite their increased workload, female senior managers are optimistic about company growth, social change, gender equality and their own careers. The majority have adapted to the current polycrisis and are...

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Breakfast cereal buyers are looking for new flavours and healthy products

According to the Hungarian Chamber of Agriculture (NAK), consumers are looking for new flavours and various “free-from” products are becoming increasingly important. This article is available for reading in Trade magazin...

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K&H: we don’t have much time left to reach the 55 percent reduction

The Hungarian economy still has 6 years to reach the EU’s goal of reducing greenhouse gas emissions by 55 percent. All economic actors must participate in this, and financial institutions...

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Consumer sentiment in the euro area improved to a more than two-year high in April

Consumer sentiment in the eurozone improved somewhat less than expected, but still reached a more than two-year high in April, according to Monday’s report based on preliminary data from the...

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Hygiene – from intimately close

NIQ data reveals that value sales of femcare category segments – sanitary pads, pantyliners and tampons – have grown, but volume sales were lower in 2023 than in the previous...

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For the green transition, some raw materials can cover the need in Hungary to a certain extent

In Hungary, there are raw materials from which the need for the green transition can be covered to a certain extent – said associate professor of the Institute of Geography...

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Great skin in winter and summer

Values sales were up 17.5% in the body lotion category over the past year and volume sales grew by 21%. The former was mainly the result of price increases in...

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Can people under 25 really earn more than older workers?

The tax discount for those under 25, introduced two years ago, is still the subject of debate: according to some, it had a motivating force and activated young workers, while...

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Serums here, active ingredients there

Traditionally women’s facial care products have been surrounded by greater interest, but as men’s skin care habits have changed in recent years, cosmetics for men are increasingly in the centre...

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Trenkwalder: the average hourly wage of manual workers exceeded HUF 2,000 in the first quarter

In the first quarter, the average gross hourly wage of skilled and trained workers performing physical work was HUF 2,061, which is a 15.9 percent increase compared to the HUF...

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The ancient beer that has been given a new life is made from surprising ingredients

An ancient Mesopotamian beer recipe has now been given a new lease of life as modern brewing has managed to use old bread crusts to make the drink, reducing its...

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