Supermarket competition set to heat up, says Wesfarmers’ Richard Goyder

 In Australia, Coles, NewZealand
Competition in the supermarket sector is tough and will only get more competitive in the years ahead, Wesfarmers chief executive Richard Goyder said.
Overseas competitors are increasingly looking to Australia as a new source of revenue growth, and despite Wesfarmers’ Coles sharing a near stranglehold on the grocery market with rival Woolworths, the threat is very real, Mr Goyder said.
”The competitive threat from Aldi and Costco is greater now that it’s ever been. Both those business have aggressive store rollout plans, and of course we’ve got a much larger competitor in Woolworths,” Mr Goyder told ABC Radio National.
”It is, I think, a very competitive sector and will only get more competitive in the years ahead.”  Sydney Morning Herald – Read more…

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