Supermarket industry eyes growth
The Australian supermarket industry is expected to grow by 2.2% in 2017-18, largely due to rising demand for premium food products, such as organic fruit and vegetables, according to the latest IBISWorld report.
The research company has revealed in a statement its latest Checkout Update for Q1 2018 detailing how the sizeable $102.0 billion industry, which employs over 360,000 people, is performing.
“As a result of the resurgence of Woolworths’ supermarket business, the company gained market share for the first time in several years in 2016-17. This trend is expected to continue in 2017-18, with the company projected to account for 37.2% of the industry by the end of 2017-18,” said Nathan Cloutman, IBISWorld senior industry analyst. InsideFMCG – Read more…