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We have seen the emergence of value retailers across many aspects of the retail landscape.
"The appeal of value retailers is even more obvious at Christmas," said Valerie Soranno Keating, chief executive of Barclaycard.
All the major supermarkets are under pressure as grocery discounters Aldi and Lidl, together with other value retailers like Poundland, B&M and Wilko, attract more shoppers.
Philip Marsden, who chaired the CMA's inquiry, said: "There has been a significant rise in prominence of value retailers for UK shoppers.
It is the weakest of all five "value" retailers (Aldi, Lidl, Asda, Tesco, Morrisons) and we don't see any signs yet of execution improving.
If so, Uniqlo represents a distinct improvement on the last big consumer trend, the so-called "value retailers" such as Primark.
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The US consumers look at Argos as a value retailer which will benefit the company in this economy.
But one brand with a significant presence in the country is the value retailer Primark, part of the UK-listed Associated British Foods.
Finally Bonmarché, the value retailer, began life on Aim with a 20.5p increase on the 200p issue price.
Kohl's, the fast-growing value retailer based in Menomonee Falls, Wis., is also an industry favorite because of its low-cost merchandising and efficient, automated inventory system.
BHS was a value retailer, it kept the right price, but lately it has just looked like the sad relation to Marks & Spencer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com