Business
How Aldi plans to disrupt many ASX retail shares
There is talk that Aldi is developing a plan to disrupt many ASX retail shares.
A few years ago there was commentary that Aldi was going to continue to hurting supermarket businesses Coles Group Ltd (ASX: COL) and Woolworths Group Ltd (ASX: WOW).
Our local food retailers were finding it tough – Aldi was expanding its number of stores and the lower prices made Coles and Woolworths think they had to compete on price too.
But then Woolworths brought in a new CEO and concentrated on other things that consumers wanted like store locations, convenience options inside the supermarket, a greater range of products and online delivery. It didn’t have to just be about the lowest price.
COVID-19 has completely changed the retail…
-
Noosa News24 hours agoFrench women charged with smuggling $29m of meth into Australia
-
General17 hours agoSpaceX to invest $3 billion in Musk’s xAI startup
-
General21 hours agoAlgal bloom ‘disaster’ prompts royal commission call as impact spreads to mussel farms
-
Noosa News21 hours agoE-bikes shouldn’t be banned. The illegal ones are already illegal