Discount sector booming
Published 13/09/2011 | 05:00
The discounter sector of food retailing is booming, with the latest data showing that chains such as Aldi and Lidl have increased their share of the Irish grocery trade to 11pc.
This represents an extra 23,000 households shopping in discounter outlets compared to last year. As a result, the sector is set to experience an explosion in outlets, with Aldi planning to open six new stores before the end of this year.
Meanwhile, Iceland is planning to spend up to €50m opening 40 outlets by 2014. But the biggest development over the same period promises to be the 50 stores planned by new-comer '99p' stores.
The UK-based chain is opening its first '€uro 50 Stores' outlet in the Ilac centre in Dublin.