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Discount Retail is a sector of the retail industry that offers products at a lower price than traditional retailers. Hard Discounters are a subset of Discount Retailers that focus on offering a limited selection of products at the lowest possible price. Hard Discounters typically have a no-frills approach to their stores, with limited staff and a focus on efficiency. They often source their products directly from manufacturers, allowing them to keep their prices low. Hard Discounters also tend to have a smaller selection of products than traditional retailers, focusing on the most popular items.
Some of the major Hard Discounters include Aldi, Lidl, Netto, and Trader Joe's. Other companies in the market include Family Dollar, Dollar General, and Dollar Tree. Show Less Read more