Budget high street chains B&M, Iceland and Wilko are closing dozens of stores this month as experts say the era of bargain-hunting for fun is over.
Hargreaves Lansdown analyst Sophie Lund-Yates told MailOnline that the trend of bargain-hunting for the sake of it is over for now.
"This is a trend most acutely felt at the supermarket and the bigger names are having to compromise on margins in a bid to keep up with ultra-low prices."People are sniffing out lower-cost essentials, like food, but aren't being pulled towards other discount shops in the same way."The news comes within days of Lloyds Pharmacy announcing that all 1,300 of its pharmacies are at risk of closure, blaming difficult market conditions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
I bought the ugliest kids table & totally transformed it using old Wilko buysA MUM has shared how she managed to totally transform an ‘eyesore’ of a table into a cute set that her kids can play on. Mum-of-two Rachel Andrew spotted the piece of furniture in her local charity…
Read more »
Harry and Meghan to be given the 'cold shoulder' at Charles' CoronationPrince Harry and Meghan Markle could be left out in the cold if they decide to attend the King's Coronation in May.
Read more »
Budget 2023: Jeremy Hunt is set to deliver his first Budget - here are the things to look out forFrom help with energy bills, childcare and fuel prices to big decisions on defence and public sector pay - Chancellor Jeremy Hunt will set out his tax and spending plans for the years ahead on Wednesday 15 March.
Read more »
Jeremy Hunt: Why the chancellor wants this Budget to be boringThe main aim of Wednesday's Budget will be to keep the economy and household finances stable.
Read more »
From nurse to single mum, Sun readers' plea for fuel duty cut in BudgetTHE countdown has begun to next week’s Budget and the nation’s 37million motorists fear they will be left counting the cost. There is concern that for the first time in 12 years fuel duty on petrol…
Read more »