Placing Australian Grocery Sector Under Review Pending Update to Market Share and Margin Forecasts
We are placing grocers Wesfarmers and Woolworths, as well as food wholesaler Metcash under review as we reassess our long-term forecasts on market share and margins in the Australian food industry.The Australian grocery industry continues to evolve and everyday dry groceries are likely to become even more commoditised. Aldi re-established the discount channel in Australia and has been gaining market share. Price competition has heated up as the two dominating players, Woolworths and Coles, expa...
Woolworths Group is organized into five segments: Australian Food and Petrol, which involves the procurement of food and petroleum products for resale to customers in Australia; New Zealand Supermarkets, which involves the procurement of food and liquor and products for resale to customers in New Zealand; Endeavour Drinks Group, which involves the procurement of liquor products for resale to customers in Australia; BIG W, which involves the procurement of discount general merchandise products for resale to customers in Australia; as well as Hotels, which involves the provision of leisure and hospitality services, accommodation, entertainment and gaming in Australia.
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