is one of the few sectors to have grown during the recession.
The sale is of five warehouse and logistics properties, with the largest tenants being discount retailing
group Runsven AB and women's wear retailer Lindex AB.
giants, Aldi and Lidl are spearheading a price war which, I hope, will undercut the inflated prices charged by multinational chains.
It began as a retailer of motoring goods, before diversifying into more general discount retailing
and had a turnover of pounds 11 million last year.
The only real weakness in Discount Retailing
is its narrow treatment of consumer motives for seeking discounts; there is no mention of the fantasies about deal-making, or the emotional thrill of getting an appliance "below list.
Fed-Mart was run by discount retailing
legend Sol Price, who would later start the Price Club chain, creating the warehouse club industry in the process.
Chairman Neil McCausland said: "They (Robin Dickie and Cath Norgate) leave TJ Hughes in better shape to build on its position as a leading force within the UK's quality discount retailing
The discount retailing
sector is set for expansion on more than one front as Lidl's rivals also clamber to take market share from the UK's top supermarkets.