German retailer Kaufland inks Australian land deals

 In Australia, NewZealand
German discount department store Kaufland has demonstrated its commitment to expanding in Australia by inking deals to buy land.
Kaufland is part of the Schwarz Group, one of the world’s largest retailers, which also owns discount supermarket Lidl.
Lidl was initially interested in setting up in Australia, but changed its mind due to the concentration of Australia’s $90 billion-plus supermarket sector. Lidl is now investing heavily in the US.
Schwarz Group chose last year instead to bring Kaufland to Australia, believing that US retail Costco’s slow rollout had created an opportunity in the so-called "hypermarket" market. Sydney Morning Herald – Read more…

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