JC- comparable same store sales are in decline as i forecast on...

JC- comparable same store sales are in decline as i forecast on the WES thread about Coles, but ironically it does not necessarily mean that Woolies will pick up the slack.

that was evidenced at last results and seems to be a continuing problem for Woolies.

they are cutting margins to the bone and are paying just bank interest on divvy.

that said- the so called "lost" foot traffic must be going to alternative shopping venues and all we have to choose from is Aldi and IGA as the likely culprits.

IGA /MTS are a spent force according to you, but Aldi does not disclose sales results.

so that means that Aldi is the quiet achiever and may eventually be even a bigger threat to the totally automated Godzilla of online retail- Amazon.

cheers the always calm regardless -crazypunter