More on Lidl
Exclusive: Discounters and value retailers to be fastest growing grocers in next five years
The discounters Aldi and Lidl and value giant Poundland are set to be the fastest-growing food retailers in the UK over the next five years.
Forecast: Who will win in grocery as inflation begins to ease?
Grocery spend increased by 8.4% and 8.7% on a total and like-for-like basis respectively in the three months to July, according to the BRC-KPMG Retail Sales Monitor. This compares to a 1.5% increase for retail overall. With high rates of food inflation, value has been the key focus and, despite transaction value increasing, volumes have been in decline.