Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Last month I wrote an article about the problems facing UK supermarkets, in particular the competition coming from the discounters like Lidl and Aldi. The big supermarkets don’t see them as a threat because they say their business model is different. Yet when we look at the statistics the big four supermarkets are losing market share. I suspect this is due to a slowdown in consumer spending and as a result consumers are more likely to switch to the discounters.
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