The challenging retail environment has caused the industrys heavyweights to cut prices

across a range of branded and private-label items over the past five years. Coles and
Woolworths haveThe challenging retail environment has caused the industrys heavyweights
to cut prices across a range of branded and private-label items over the past five years.
Coles and Woolworths haveThe challenging retail environment has caused the industrys
heavyweights to cut prices across a range of branded and private-label items over the past
five years. Coles and Woolworths haveThe challenging retail environment has caused the
industrys heavyweights to cut prices across a range of branded and private-label items over
the past five years. Coles and Woolworths haveThe challenging retail environment has
caused the industrys heavyweights to cut prices across a range of branded and privatelabel items over the past five years. Coles and Woolworths haveThe challenging retail
environment has caused the industrys heavyweights to cut prices across a range of branded
and private-label items over the past five years. Coles and Woolworths haveThe challenging
retail enviro
nment has caused the industrys heavyweights to cut prices across a range of branded and
private-label items over the past five years. Coles and Woolworths haveThe challenging
retail environment has caused the industrys heavyweights to cut prices across a range of
branded and private-label items over the past five years. Coles and Woolworths haveThe
challenging retail environment has caused the industrys heavyweights to cut prices across a
range of branded and private-label items over the past five years. Coles and Woolworths
haveThe challenging retail environment has caused the industrys heavyweights to cut
prices across a range of branded and private-label items over the past five years. Coles and
Woolworths haveThe challenging retail environment has caused the industrys heavyweights
to cut prices across a range of branded and private-label items over the past five years.
Coles and Woolworths haveThe challenging retail environment has caused the industrys
heavyweights to cut prices across a range of branded and private-label items over the past
five years. Coles and Woolworths haveThe challenging retail environment has caused the
industrys heavyweights to cut prices across a range of branded and private-label items over
the past five years.
Coles and Woolworths haveThe challenging retail environment has caused the industrys
heavyweights to cut forced the two established industry giants, Woolworths and Coles, to
cut prices and expand their own range of private-label products. Changing consumer
sentiment and shopping preferences have also influenced the industrys trading conditions.
Industry revenue is projected to grow by 3.8% annualised over the five years through 201516, to reach $88.1 billion. This includes forecast growth of 2.5% in 2015-16forced the two
established industry giants, Woolworths and Coles, to cut prices and expand their own range
of private-label products. Changing consumer sentiment and shopping preferences have also
influenced the industrys trading conditions. Industry revenue is projected to grow by 3.8%
annualised over the five years through 2015-16, to reach $88.1 billion. This includes forecast
growth of 2.5% in 2015-16forced the two established industry giants, Woolworths and Coles,
to cut prices and expand their own range of private-label products. Changing consumer
sentiment and shopping preferences have also influenced the industrys trading conditions.
Industry revenue is projected to grow by 3.8% annualised over the five years through 201516, to reach $88.1 billion. This includes forecast growth of 2.5% in 2015-16
prices across a range of branded and private-label items over the past five years. Coles and
Woolworths haveThe challenging retail environment has caused the industrys heavyweights
to cut prices across a range of branded and private-label items over the past five years.
Coles and Woolworths haveThe challenging retail environment has caused the industrys
heavyweights to cut prices across a range of branded and private-label items over the past
five years. Coles and Woolworths haveThe challenging retail environment has caused the

industrys heavyweights to cut prices across a range of branded and private-label items over
the past five years. Coles and Woolworths haveThe challenging retail environment has
caused the industrys heavyweights to cut prices across a range of branded and privatelabel items over the past five years. Coles and Woolworths haveThe challenging retail
environment has caused the industrys heavyweights to cut prices across a range of branded
and private-label items over the past five years. Coles and Woolworths haveforced the two
established industry giants, Woolworths and Coles, to cut prices and expand their own range
of private-label products. Changing consumer sentiment and shopping preferences have also
influenced the industrys trading conditions. Industry revenue is projected to grow by 3.8%
annualised over the five years through 2015-16, to reach $88.1 billion. This includes forecast
growth of 2.5% in 2015-16forced the two established industry giants, Woolworths and Coles,
to cut prices and expand their own range of private-label products. Changing consumer
sentiment and shopping preferences have also influenced the industrys trading conditions.
Industry revenue is projected to grow by 3.8% annualised over the five years through 201516, to reach $88.1 billion. This includes forecast growth of 2.5% in 2015-16forced the two
established industry giants, Woolworths and Coles, to cut prices and expand their own range
of private-label products. Changing consumer sentiment and shopping preferences have also
influenced the industrys trading conditions. Industry revenue is projected to grow by 3.8%
annualised over the five years through 2015-16, to reach $88.1 billion. This includes forecast
growth of 2.5% in 2015-16forced the two established industry giants, Woolworths and Coles,
to cut prices and expand their own range of private-label products. Changing consumer
sentiment and shopping preferences have also influenced the industrys trading conditions.
Industry revenue is projected to grow by 3.8% annualised over the five years through 201516, to reach $88.1 billion.

This includes forecast growth of 2.5% in 2015-16forced the two established industry giants,
Woolworths and Coles, to cut prices and expand their own range of private-label products.
Changing consumer sentiment and shopping preferences have also influenced the industrys
trading conditions. Industry revenue is projected to grow by 3.8% annualised over the five
years through 2015-16, to reach $88.1 billion. This includes forecast growth of 2.5% in 201516forced the two established industry giants, Woolworths and Coles, to cut prices and
expand their own range of private-label products. Changing consumer sentiment and
shopping preferences have also influenced the industrys trading conditions. Industry
revenue is projected to grow by 3.8% annualised over the five years through 2015-16, to
reach $88.1 billion. This includes forecast growth of 2.5% in 2015-16forced the two
established industry giants, Woolworths and Coles, to cut prices and expand their own range
of private-label products. Changing consumer sentiment and shopping preferences have also
influenced the industrys trading conditions. Industry revenue is projected to grow by 3.8%
annualised over the five years through 2015-16, to reach $88.1 billion. This includes forecast
growth of 2.5% in 2015-16