But many mass and discount retailers
have taken this opportunity to further upgrade the entire section.
However, many so-called discount retailers
in the UK are outlets which provide cheap goods at cheap prices.
The UK food and grocery market, valued this year at pounds 156.8 billion by IGD Retail Analysis, will expand as discount retailers
, such as Lidl and Aldi, grow at an annual rate of 10.1% to a total value of pounds 11.4 billion by 2016, compared to pounds 7 billion this year.
Poundland is serving an additional half a million customers a week as it becomes one of the few high street chains to benefit from the consumer spending squeeze.
It was highly commended in the category for discount retailers
in the 2010 Retail Industry Awards and came 11th in the 2009 Sunday Times Top Track 250 league table ranking UK mid-market private companies with the biggest sales.
German discount retailer
Lidl opened its first stores in Bulgaria on Thursday morning, offering shockingly low prices, a move that will certainly heat up further the competition in the sector.
David McNellis, a director with commercial property agency Lisney, who brokered the deal to bring B&M Bargains to Armagh, told how discount retailers
are currently in an acquisitive mood.
Bargain-hunting middle class shoppers in affluent towns like Stratford-upon-Avon and Shrewsbury have helped discount retailers
continue their relentless march across the UK high street.
"Among major subcategories of private construction spending, the areas of greatest strength include lodging, up 46% year-to-date; multi-retail--general merchandise stores such as 'big-box' and discount retailers
, shopping centers and malls--up 38%; hospitals, 27%; manufacturing, 24%; multi-family residential, 20%; and warehouses, other than mini-storage, 17%," Simonson added.
This is largely due to a rise of the market share for hard discount retailers
in a growing number of countries.
Aldi are looking to open 200 more stores as part of a pounds 500million expansion drive over the next seven years.