CHRIS GILMOUR: Woolworths Food may be eating crow as competitors shine
Comfort can be drawn from both Shoprite and Pick n Pay updates, while Woolworths must be wondering what it can do to retrieve lost market share
02 August 2022 - 14:17
Three of SA’s leading food retailers recently published trading updates. The periods for each update differed considerably among the various retailers, so no strict comparisons could be made but they were instructive nonetheless.
Shoprite, whose main thrust is now at both the top and bottom ends of the socioeconomic spectrum, came out tops, with Woolworths Foods, which is pitched right at the top end, showing the weakest growth. ..
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