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And don't miss Andrea Felsted and Sarah Halzack on European discounters' American invasion: "U.S. retailers shouldn’t be lulled into a false sense of security. Look, for example, at what happened when these grocers set their sights on the U.K. It took 20 years for Aldi and Lidl's sales to take off in that market after their arrival there. When they did, it was partly because the big British supermarkets, led by Tesco Plc, became less price-competitive. But the no-frills German supermarkets also adjusted their offerings to better suit U.K. tastes, introducing up-market fare and more fresh food. Lidl is already applying the lessons it has learned to the U.S. -- offering in-store bakeries, for example -- and will likely evolve further."
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