Aldi and Lidl to Capture 10 Percent of U.K Grocery Market
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The U.K.’s “Big Four” supermarkets face declining profit margins over the next 12 to 18 months as discounters Aldi and Lidl boost their share of the grocery market, according to Moody’s.
Competition from the two budget chains will intensify as more established grocers including Tesco Plc and J Sainsbury Plc cut prices to try to curb the “losing battle” of market share, Sven Reinke, a Moody’s Investors Service analyst and vice president, said in a report.