DISCOUNT HOUSES (RETAIL TRADE) – AUSTRALIA

Target boss reckons there’s room for two

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Original article by Simon Evans
The Australian Financial Review – Page: 22 : 21-May-15

Target MD Stuart Machin has outlined plans to revive the discount retailer’s fortunes. He has told Wesfarmers’ annual strategy presentation that up to 10 new stores will be opened each year, while 30 stores will be closed. He has also downplayed concerns that a turnaround by Target could be at the expense of Kmart, noting that there is a lot of scope to gain market share from rival retailers such as Myer and David Jones.

CORPORATES
WESFARMERS LIMITED – ASX WES, TARGET AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, MYER HOLDINGS LIMITED – ASX MYR, DAVID JONES LIMITED, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, BIG W DISCOUNT STORES, HARRIS SCARFE HOLDINGS LIMITED

Popular Aldi threatens Woolworths, Coles duopoly

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Original article by Sue Mitchell
The Australian Financial Review – Page: 1 & 12 : 15-Aug-14

Aldi currently boasts annual sales of about $A5.3bn in Australia. A UBS report estimates that Aldi could potentially lift its sales to $A9.3bn in the next five year. The firm forecasts that the annual sales of Coles, Woolworths and Metcash could be slashed by $A250m to $A350m by 2019 due to the growth of Aldi. Ben Gilbert of UBS notes that Aldi could achieve even stronger growth if it addresses issues such as the quality of its fresh food and long queues at checkouts, which are negatively affecting consumer sentiment toward the group

CORPORATES
ALDI STORES SUPERMARKETS PTY LTD, UBS HOLDINGS PTY LTD, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, METCASH LIMITED – ASX MTS, TESCO PLC, J SAINSBURY PLC, ASDA GROUP PLC, MORRISONS, LIDL GMBH & CO KG, ROY MORGAN RESEARCH LIMITED