Woolies’ warning to suppliers

Original article by Sue Mitchell
The Australian Financial Review – Page: 17 : 24-Nov-17

Woolworths chairman Gordon Cairns has urged food and grocery suppliers to think carefully before putting their goods for sale on Amazon. Speaking at its AGM on 23 November, he said retailers such as Woolworths might find that they could not compete with Amazon’s prices, and so might decide to start selling more of their private label goods in preference to brand-name products. CEO Brad Banducci said that Uber Eats could be as a big a threat to Woolworths’ business as Amazon over the next year.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, AMAZON.COM INCORPORATED, UBER AUSTRALIA PTY LTD, BIG W DISCOUNT STORES, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, BP AUSTRALIA LIMITED

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