Shock News: Has Aldi’s Growth Come to An End?

 In Aldi, Australia, Coles, Metcash/IGA, NewZealand, Woolworths
Woolworths Limited and Wesfarmers Ltd – owner of Coles – might be cheering about some recent news.
According to data obtained by the Daily Telegraph, budget supermarket retailer Aldi is struggling to maintain its growth in Australia’s Eastern states and is losing market share.
The newspaper reports that Aldi’s market share has slipped to 11.7{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} in June 2016, down from 12{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} in June 2015 – despite opening a number of stores across Queensland, NSW and Victoria. It’s the first time Aldi’s sales have gone backwards since it launched its first store in Bankstown, NSW 15 years ago.
Aldi’s sales on the Eastern seaboard grew by just 0.4{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} during June 2016 compared to the previous year – while the market experienced growth of 3{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} over the same period. MSN – Read more…

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