Saturday 01st November 2014

Tough times for food retailers

Consumer spending patterns are changing for good and the price war between the large supermarkets will do little to entice shoppers back from the value German food retailers such as Aldi and Lidl, says Begbies Traynor. According to the business recovery specialists’ red flag alert, the sector saw the sharpest increase in ‘significant’ financial distress with the number of food retailers showing adverse financial markers rising 11 per cent to 4,239 in the third quarter. Over the year, the numbers in significant’ financial distress have increased by 53 per cent.

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