Industry Analysis & Industry Trends
The Supermarket and Grocery Stores industry is one of the most fiercely competitive industries in Australia. The entry and rapid growth of German-owned ALDI, which almost exclusively sells private-label products at discounted prices, has caused a massive shift in the industry. Supermarket shelves have changed significantly over the past five years, as the two giants of the industry – Woolworths and Coles – scrambled to compete with ALDI's low prices. Changing consumer sentiment and preferences have also influenced trading conditions across the industry. Industry revenue is projected to grow by 2.3% annualised over the five years through 2014-15, to reach $91.6 billion. This includes forecast growth of 2.6% in 2014-15... purchase to read more
Industry Report - Industry Investment Chapter
As a customer-service industry, supermarkets and grocery stores rely heavily on labour. Consequently, labour is a high portion of daily operating costs. For every dollar spent on capital, stores spend an estimated $6.87 on wages. While advances in technology have made the recording of sale items easier and faster, manual labour is still required in many aspects of supermarket operations. Staff are required to undertake a variety of tasks according to their position descriptions. These include assisting customers with their purchases, processing transactions and restocking display shelves.
Capital expenditure for the industry comes in the form of fixtures and fittings, such as display shelving and cash registers... purchase to read more