Watch out Woolies: Aldi’s rapid growth could open the door for others
The rapid growth of German-owned supermarket Aldi in Australia could open the door for more foreign grocery chains, analysts say.
Aldi has almost doubled its share of the $82 billion grocery market and now accounts for more than 10 per cent of grocery sales, knocking Metcash’s IGA supermarket network out of third place.
Aldi’s market share still trails that of market leaders Woolworths and Coles Supermarkets Australia, which together account for 72.5 per cent of supermarket grocery sales, according to Roy Morgan Research.
However, the German-owned retailer, which entered the Australian market in 2000 with modest plans for about 100 supermarkets, is catching up fast. Aldi now has about 340 stores on the eastern seaboard and is expanding west, opening as many as 115 stores in South Australia and Western Australia. Sydney Morning Herald – Read more…
Aldi has almost doubled its share of the $82 billion grocery market and now accounts for more than 10 per cent of grocery sales, knocking Metcash’s IGA supermarket network out of third place.
Aldi’s market share still trails that of market leaders Woolworths and Coles Supermarkets Australia, which together account for 72.5 per cent of supermarket grocery sales, according to Roy Morgan Research.
However, the German-owned retailer, which entered the Australian market in 2000 with modest plans for about 100 supermarkets, is catching up fast. Aldi now has about 340 stores on the eastern seaboard and is expanding west, opening as many as 115 stores in South Australia and Western Australia. Sydney Morning Herald – Read more…
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