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You know things are bad when even the supermarket discounters can’t make ends meet. Aldi, the German retailer, is blaming increased competition and the slump in consumer spending for a €66.5m loss after tax last year in the UK and Ireland, The Sunday Tribune reports.

The previous year Aldi made a profit of €84.4m but it was doom and gloom last year despite growth in turnover, stores and staff numbers.

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