retail news in context, analysis with attitude

• IGD, the British food and retail analyst, is out with a study suggesting that Tesco’s growth over the next five years is likely to be at a 7.5 percent annual rate because of its Asian expansion efforts, which should outpace an expected 4.7 percent growth rate at Walmart.

Crain’s New York Business reports that as Aldi opens its first store in New York City - in the Rego Park section of Queens - it has signed deals to open stores in the Bronx and on Long Island, and “is looking for other opportunities.”
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