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
