The cards are drawn and the players are all eyeing each other. Its a game worth billions and your guess is as good as mine or any others. The big players on the table are Woolworths , Coles and Costco.Times are changing .. can we pick a winner ?
Probably not. Costco has arrived on the scene and there will be definitely 2 big brothers ( Woolworths and Coles ) keeping a very close eye on their new American rival costco.
The question is “will Costco be able to pull a share of this big grocery market from its established rivals and create a new niche for supermarkets with its wide range including electronics”. As we already know Coles and Woolworths are very smart with thier pricing strategy and have been often accused of pricing out competitors. it would be interesting to see how they manage this big rival.
Check their share value
It is even more interesting to see Woolworth's new change in strategy of trying to get wesfarmers share of the market. Wesfarmers have done well this financial year and Coles is starting to claw back the market it lost to Woolworths. Now Woolworths is eyeing the hardware ( Bunning's ) market.
Bunning's is a brand well known with hardware and houseold renovations stuff all over australia. Its gonna be a hard one for Woolworths to try and get Bunning's share who have got into this section of the market and established themselves pretty well just like Woolworths have themselves established for Grocery.
The question remains Can they do it ? can they do it .. I'm very sure Woolworths reply will be “ we can fix it “ we can fix it “ in true bob the builder style.
But it remains to be seen CAN WOOLWORTHS DO A BUNINGS !!
Thanks to Perthasian for this post