Woolworths ready for interrogation at AGM thanks to Aldi
SLOWING sales growth and the rise of competitor Aldi will have shareholders posing tough questions at Woolworths' annual general meeting in Brisbane on Thursday.
Woolworths is still the biggest of the supermarket retailers, with 39 per cent of the market share.
But Coles is not far behind with 33.5 per cent, and German discount chain Aldi is now reaching 10 per cent, which is expected to grow.
"When you get Aldi coming into a market, we've seen a thing called the Aldi effect where prices come down in the area where this store starts to appear," Choice consumer group's Tom Godfrey said.
"And that's great news for consumers. But it's also a rallying call to Woolworths and Coles.
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