Aldi Takes On The Major Supermarkets
In a move which is seen by many as the first real threat to the main four supermarkets in the UK, discount chain Aldi has announced plans to open a new store in the UK each week for the next five years. The cost of this move is around the £1.5 billion mark but news that the group has seen a record 20% growth in sales over the last month bodes well for the future.
It is interesting to see that at the same time as the Aldi plans are announced , the likes of Tesco and ASDA have entered the discount food market with their own brand range with goods as low as 50p. Did they have an idea that Aldi was looking to attack their markets or have they just decided that the best way to keep customers is to tempt them in with discount offers?
While Aldi would not dare to go for the higher premium foods sold in Tesco and ASDA there are some analysts a little surprised that the big two have affectively declared war on the likes of Aldi. If people want discount food the go to Aldi, but if the may be want a greater range to choose from they would more likely go to Tesco, ASDA, Sainsbury or Morrisons. Is this a risky game the big two are playing?
Share this..
Related stories
Is Stephen Hester overpaid?
Stephen Hester, the government appointed chief executive of Royal Bank of Scotland, is taking part in a Commons enquiry into the UK banking sector and in particular bonuses paid by Royal Bank of Scotland and Northern Rock. During his input to the enquiry Stephen Hester has admitted that his parents think his package at Royal Bank of Scotland is over the top and he is overpaid. However, while St...
Read MoreSave money and improve your health
Even though many people believe that the UK recession is coming to an end there are still many more months of pain and suffering ahead for a large section of the UK population. However, this offers the perfect opportunity to cut back on luxuries such as takeaways, meals out and general excesses which could be deemed to be unhealthy. At the same time, as well as saving money on your monthly budget...
Read MoreBritish Telecom becomes the latest UK employer to freeze staff pay
British Telecom has become the latest of many UK employers to freeze staff pay as the economic slump continues to bite and companies need to reduce their cost bases. It has been agreed with the unions that the 100,000 BT staff will not get any pay rises until at least 2009/10 and even then the economic situation at the time will be taken into account. This comes at a time when UK banks continue to...
Read MoreRoyal Mail backlog hits 30 million items
With potentially two or three more strikes planned for next week the massive task of cleaning up after this week strike action began today with 30 million items delayed in the post. Even though the Royal Mail has brought in an additional 30,000 part-time workers, on top of the original plans to bring in 30,000 Christmas workers, many believe this is not enough to clear the backlog in time for Chri...
Read MoreIs an ageing population the major threat to the UK economy?
Over the last few days the headlines regarding the UK economy have been fairly negative with an expected impact from the problems within the euro zone. However, more and more analysts and economic advisers are suggesting that the ever ageing UK population is the one major threat to the prosperity of the country in the medium to longer term. So how can this be? The problem with an ageing populat...
Read More