VALUE CHANNEL, ITS FUTURE AND SUPERMARKETS' RESPONSE

The better part of a year ago, we took a look, in this space, at the burgeoning phenomenon of value retailing.At that time, we considered predictions that such retailers -- including one-price and closeout -- would continue to grow store numbers at a fast pace, perhaps in excess of 6% for a period of years.Conversely, several securities analysts predicted at that time that the value channel would

The better part of a year ago, we took a look, in this space, at the burgeoning phenomenon of value retailing.

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