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Record profits as a percentage of revenue. The problem in Austrialia is a lack of competition, hence Woolworths can get a 5.9% profit compared with say Tesco i
by ta1243 3y ago
Record profits as a percentage of revenue.
The problem in Austrialia is a lack of competition, hence Woolworths can get a 5.9% profit compared with say Tesco in the UK with 3.8% profit (the UK having far more competition)
Not only that but while demand is decreasing, profits are increasing. That's a ridiculous system and shows a broken market.
- Gigachad 3y agoPlenty of competitors have prepared to enter Australia, and then left after finding there is no money to be made. Too few people spread too far apart.
- RugnirViking 3y agoit sounds a lot like there is plenty of money to be made from the figures parent is stating. Maybe it ought to be prased more like "unique logistical challenges" because clearly some few companies have made it work very well
- justinclift 3y ago> Plenty of competitors have prepared to enter Australia, and then left after finding there is no money to be made. Explain ALDI?