Value shops tip growth as shoppers trade down in UK
Aldi, Lidl and Netto, the discount supermarkets, are forecast to increase their share of Britain's grocery market by 60 per cent over the next four years.
A new report claims that the discount
chains will generate nearly £7.5billion of sales in 2012,
compared with £4.5 billion last year.
“Growth will not only be fuelled by
worries about the economy; discounters are giving consumers more of
what they want in terms of healthier and more upmarket ranges.”
Aldi and Lidl have been the biggest
beneficiaries of the consumer slowdown that has changed the way that
Middle England shops for food.
The German-owned chain, Aldi was
luring customers from M&S and Waitrose as well as Tesco and
Sainsbury's. Its sales were running 30 per cent ahead of last year.
Aldi have doubled the amount of fruit and vegetables in the stores
and put far more focus on fresh ranges.
The IGD forecasts that Aldi will have
at least 530 stores in the UK by 2012, compared with 373 today,
while Lidl will have 610.
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