Original article by Sue Mitchell
The Australian Financial Review – Page: 16 : 6-Mar-15
Australian supermarket groups’ food and liquor sales were 0.7 per cent lower in January 2015. The sector recorded sales growth of just 2.2 per cent in year-on-year terms. Meanwhile, the four major grocery retailers all plan to open new stores in 2015, prompting analysts to warn that the new stores will gain sales at the expense of established stores. Aggressive price discounting due to slowing consumer spending is also adversely affecting the supermarket chains’ margins
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COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, ALDI STORES SUPERMARKETS PTY LTD, METCASH LIMITED – ASX MTS, INDEPENDENT GROCERS OF AUSTRALIA, MORGAN STANLEY AUSTRALIA LIMITED, UBS HOLDINGS PTY LTD, MOODY’S INVESTORS SERVICE INCORPORATED, LIDL GMBH & CO KG