Bulletin

How budget stores are taking over the high street

Food and Beverage

Budget chains such as Aldi, Lidl, Poundland, Iceland and Home Bargains are opening stores at a rate of more than five a week as their growth eclipses that of the Big Four supermarkets. Discount stores have opened 1,367 shops in the last five years, which represents growth of 48% and takes the total to 4,217, according to figures from The Local Data Company. By contrast, the Big Four – Tesco, Asda, Sainsbury's and Morrisons – opened 582 full-sized supermarkets, taking the total to 2,316.

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