A new dimension is about to be added to the Myer and David Jones department store war, as David Jones gets closer to rolling out its high-end grocery store offering.
The retailer increased profits 21% for 2016 to $168 million and yesterday chief executive of South African parent company Woolworths Holdings, Ian Moir, said that Australian supermarkets were in a rush to the bottom that the department stores prepared meals and fresh food offering would look to exploit.
Aldi is there and is taking market share like theres no tomorrow, Moir said.
Theyre not looking to the to…
Read the full article at: http://www.smartcompany.com.au/industries/retail/74529-david-jones-takes-on-myer-in-fancy-food-stakes-as-it-looks-to-exploit-rush-to-the-bottom-among-grocery-giants/