Supermarket Wars are Gaining Traction
Australia’s supermarkets are at war and the battle is only beginning as more entrants start to eye off possible sites.
It comes as Woolworths is undertaking a review of some of its store locations, while Aldi is taking market share from Woolworths ad Coles.
However, the much-vaunted arrival of the German-based Lidl seems to have lost some momentum, with leasing agents saying the tough competition in Australia has been a deterrent for the group.
According to Michael Bate, head of retail at Colliers International, Lidl executives first came out to Australia 18 months ago to have a good look at the market. Sydney Morning Herald – Read more…
It comes as Woolworths is undertaking a review of some of its store locations, while Aldi is taking market share from Woolworths ad Coles.
However, the much-vaunted arrival of the German-based Lidl seems to have lost some momentum, with leasing agents saying the tough competition in Australia has been a deterrent for the group.
According to Michael Bate, head of retail at Colliers International, Lidl executives first came out to Australia 18 months ago to have a good look at the market. Sydney Morning Herald – Read more…
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