date:Jul 29, 2014
in grocery and household goods. He added, we have lower margins and an excellent relationship with our supplier base so we have more leeway for cuts.
This is likely to be yet another headache for the major UK supermarkets who have seen their market shares encroached upon by Lidl and Aldi. This has led to supermarket price wars in order to compete.
Poundstretcher is already starting to see the benefit of these further price cuts. They posted a 6 per cent like-for-like jump in the first quarter,