South African clothing and homewares retailer, Mr. Price, plans to expand into Central and Eastern Europe following its purchase of German-based discount retailer NKD Group. Chairman Nigel Payne and CEO Mark Blair have narrowed their long-term offshore mergers and acquisitions focus to two regions. The move aligns with faster-growing value retail demand in Europe, where the discount segment is outpacing overall apparel sales. The European business aims to generate 1 billion euros ($1.2 billion) in annual sales by 2030 and achieve a double-digit operating margin.