Market News
European Private Label Awards 2024 winners announced
Date: 2024-04-22 15:12:32
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
Date: 2024-04-22 14:52:25
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
Date: 2024-04-22 14:51:44
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
Date: 2024-04-22 14:34:37
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
Date: 2024-04-22 13:57:27
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
Date: 2024-04-22 13:52:20
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
Date: 2024-04-22 13:50:18
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
Date: 2024-04-22 13:48:56
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
Date: 2024-04-22 13:47:30
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
Date: 2024-04-22 13:44:43
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
Date: 2024-04-22 13:42:34
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
Date: 2024-04-22 13:42:09
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!
Date: 2024-04-22 13:34:31
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
Date: 2024-04-22 13:34:21
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
Date: 2024-04-22 13:29:11
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
Date: 2024-04-22 13:20:15
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
Date: 2024-04-22 13:18:06
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
Date: 2024-04-22 13:10:48
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
Date: 2024-04-22 12:49:05
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
Date: 2024-04-22 12:47:41
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
Date: 2024-04-22 12:47:34
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
Date: 2024-04-22 12:40:19
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
Date: 2024-04-22 12:36:59
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
Date: 2024-04-22 12:15:28
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
Date: 2024-04-22 11:56:10
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
Date: 2024-04-22 11:48:05
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?
Date: 2024-04-22 11:37:55
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
Date: 2024-04-22 11:25:00
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
Date: 2024-04-22 11:16:49
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
Date: 2024-04-22 11:12:35
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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