Industry Analysis & Industry Trends
The Supermarket and Grocery Stores industry is one of the most fiercely competitive industries in the country. The rapid growth of the German-owned ALDI Stores Supermarkets, 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. In the five years through 2013-14, industry revenue is expected to grow at a compound annual rate of 2.4%, to reach $87.2 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Supermarket and Grocery Stores industry is in a mature life cycle phase. Steady growth, slowing contribution to the economy, stable enterprise numbers and product rationalisation all indicate a mature industry. The nature of products sold and technological advancements are expected to prevent the industry from entering the declining phase over the next 10 years.
Though industry revenue has fluctuated in response to tough economic times for households, growth has remained fairly steady. Industry revenue growth has typically fallen within two to three per cent since 2008-09. However industry value added, a measure of the industry's contribution to the overall economy, is forecast to grow at a slow annualised pace of 1.6% over the 10 years through 2018-19... purchase to read more