Boom for Discount Stores

25 06 2008

According to recent figures, discount stores Aldi and Lidl have recorded sales growth of 20% and 14.9% respectively on a like-for-like basis. Even Iceland, which specialises in frozen food, has had a growth of 15.2%. Now this may not look that significant, unless you compare it to the growth reported by the established supermarkets-Tesco, Sainsbury, Asda and Morrisons-which reported a growth of 6.3%, 4.3%, 7.9% and 10.2% respectively.

Read more at:

http://business.timesonline.co.uk/tol/business/industry_sectors/retailing/article4208031.ece