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"The grocers are desperately trying to navigate significant cost headwinds, while simultaneously competing with discounters like Aldi and Lidl," she says.

The retailer has come under significant pressure from the growth of discounter rivals, with Aldi overtaking Morrisons as the UK's fourth biggest supermarket chain in 2022.

The city of Los Angeles will provide informational resources to 99 Cents Only workers who are losing their jobs as a result of the discounter’s impending store closures, Mayor Karen Bass announced Friday.

"The supermarkets are fighting tooth and nail to prevent customers from switching to the discounters."

The German discounter had argued the Clubcard logo of a yellow circle on a blue square infringed its copyright, and took "unfair advantage" of its "reputation for great value."