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 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 steady. Industry value added, a measure of the industry's contribution to the overall economy, is forecast to grow at an annualised 2.3% over the 10 years through 2019-20. Comparatively, GDP is forecast to grow at 2.7% over the same period... purchase to read more