UK: Aldi and Lidl to join rush for small stores
More shoppers are shunning a weekly shop at big out of town stores, instead turning to the convenience stores for top up shops on their way home from work to eat the same night.
Aldi has already opened a trial store in Kilburn, north London, which has proved so popular that bosses are set to sign four more sites in the next few weeks and at least another 10 next year, according to Property Week. It is part of a £600m budget the German discounter has at its disposal to open more, smaller sites.
The convenience store market is one of the few growth areas for the traditional Big Four supermarkets of Tesco, Sainsbury’s, Asda and Morrisons, and all four have lost shoppers to the discounters. Asda is also looking at possible sites for convenience stores.
Source: independent.co.uk