New kids on the block

DIS­COUNT STORES ON RISE

Hinckley Times - - FRONT PAGE -

DIS­COUNT duo Aldi and Lidl, which both plan to open new stores in Hinck­ley, will wres­tle con­trol of al­most one fifth of gro­cery spend in the next five years, ac­cord­ing to in­dus­try re­search.

The Ger­man gro­cers will ac­count for 18.3 per cent of the food re­tail mar­ket by 2022 as they con­tinue their as­sault on the UK, fore­casts from Re­tail Week Prospect an­a­lysts sug­gest.

Av­er­ag­ing out Kan­tar World­panel data over the past year, Aldi held 6.9 per cent of the mar­ket in 2017, while Lidl boasted a 5.1 per cent share, still some way adrift of the small­est big four mem­ber Mor­risons on 10.4 per cent.

But their com­bined 12 per cent share of the mar­ket is ex­pected to swell by a fur­ther 50 per cent, driven by the im­pact of new store open­ings - in­clud­ing those ear­marked for Coven­try Road and Hol­liers Walk in Hinck­ley town cen­tre.

Aldi has laid out plans to grow its store es­tate to 1,000 by 2022, while Lidl wants to open at least one new su­per­mar­ket ev­ery week be­tween now and the end of 2019.

Re­tail Week Prospect fore­casts that their ex­pan­sion plans and like­for-like sales growth will spark a surge in rev­enues for both dis­coun­ters in the next five years.

Aldi’s sales will hit an es­ti­mated £14.1 bil­lion in 2022, Prospect data sug­gests, while Lidl’s UK rev­enues will reach £11.9 bil­lion.

Plans for Aldi’s Hol­lier’s Walk site and Lidl’s Coven­try Road site have both been lodged with Hinck­ley plan­ners.

While Aldi’s store will be a new of­fer­ing to the town, Lidl plan to re­lo­cate their ex­ist­ing store from Haw­ley Road, op­po­site the Hinck­ley Hub, to the old HJ Hall site.

Clear­ance work was due to be com­pleted by Christ­mas Eve fol­low­ing the de­mo­li­tion of the former fac­tory.

Pic­tured right: A CGI show­ing what Hinck­ley’s new Aldi will look like, (top) the Hol­liers Walk site where it will be built. Be­low is the HJ Hall site where Lidl is due to be built

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