Global retail powers of 2009: discount supermarkets more prominent
January 13, 2009

A new report has suggested discount supermarkets will continue to make inroads in the retail sector, while Australia’s Woolworths and Coles both made it comfortably onto the list of the world’s largest 250 retailers. As the global economy shifted in 2007 from relatively strong growth, to deceleration and on to modest recession in early 2008, consumers cut back on their spending and turned to discount retailers in ever increasing numbers, according to the report, 2009 Global Powers of... ...Read more »