Dick Smith Forecasts the End of Traditional Supermarkets Within a Decade

 In Aldi, Australia, Coles, NewZealand, Woolworths
Traditional supermarkets like Coles, Woolworths and IGA could cease to exist in 10 years time, and "we, the public are to blame", says veteran retailer and entrepreneur Dick Smith.
Mr Smith offered the warning on Wednesday, one day after it was announced Woolworths had dumped Australia’s best-known tinned tomato brand, SPC Ardmona, as its private label provider after cutting a deal with a new Australian supplier.
"What happened with SPC, that was driven by the fact Woolworths and Coles are desperately trying to get their costs down, because they are losing business to Aldi," he said.
"They’ve either got to get their costs down or match Aldi by substantially reducing staff and their product range." Sydney Morning Herald – Read more…

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