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Aldi's Growth Threatens Woolworths-Coles Duopoly In Australia

April 18, 2016: 12:00 AM EST
Aldi Australia is expected to challenge the Woolworths-Coles duopoly in the country’s retail market, according to market analysts. In 2013–2016, the discount retailer’s sales jumped 60 percent to $8 billion, according to broker Morgan Stanley. By 2020, Aldi’s sales are predicted to grow by almost 90 percent to $15 billion. Sales growth will be driven by the increase in number of Aldi’s stores from 373 to 628 and by the rise in its market penetration from 36.8 percent to 54.9 percent.
Sue Mitchell, "Aldi Australia sales forecast to tip $15b by 2020", Sydney Morning Herald, April 18, 2016, © Fairfax Media
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