The unstoppable force that is discounter Aldi – now Australia’s...

• The unstoppable force that is discounter Aldi – now Australia’s most profitable supermarket retailer – looks set to reach a tipping point as it gains a bigger share of the main grocery shop and continues to disrupt the Coles/Woolworths duopoly. A report by UBS says Aldi sales are expected to grow by 15% a year for the next three years (which is four or five times the rate of grocery market growth), reaching at least $10.6 billion and up to $14.8 billion by 2019, should the discounter patch up its perceived issues such as customer service and its fresh food quality. UBS analyst Ben Gilbert reportedly said he expects the supermarket retailer’s share of the national grocery market to lift from 7% to at least 10% by 2019/20 taking at least $1 billion in combined sales each year from Woolies, Metcash and Coles. Earnings before interest and tax to sales are estimated to be around 6% compared with 4.6% at Coles and 5.4% at Woolies this year (Australian Financial Review).

http://www.switzer.com.au/business-news/in-the-news/5-things-you-need-to-know-today-20160530/

Facts vs Opinion hmmm....