Kaufland arrives in Australia
German supermarket chain Kaufland will open its first Australian stores in 2021, with suppliers having being informed it has already bought 25 sites.
The Australian grocery sector is valued at A$90 billion and it is understood that Kaufland will position itself as a cross between Target and Coles.
The average Kaufland store is tipped to generate $46 million in annual sales, with it expecting to open between 10 and 15 stores on Australia’s eastern seaboard in 2021, with stores holding between 28,000 and 30,000 products.
Source: The Australian