Kaufland purchases Adelaide property
Kaufland is expected to set up its first Australian store in Adelaide, purchasing property on the outskirts of the city’s CBD.
The German discount ‘hypermarket’ first confirmed in March 2017 that it was considering setting up operation in Australia and was looking for suitable property for store fronts.
According to The Advertiser, the Schwarz Group, which owns Kaulfland, paid AUD $25 million for the site formerly occupied by a furniture retailer.
Update 10 October 2017 – Since publishing this article Kaufland has contacted Australian Food News with the following statement:
“We recognise the purchase of the Le Cornu site on Anzac Highway at Keswick as an important step on the way to entering the Australian market. With regards to the future timetable, we cannot make any specific statements at this point in time.”
The history of Kaufland
Kaufland is owned by the Schwarz Group, a privately-operated German company which also owns discount German supermarket chain, Lidl.
The company is headquartered in Neckarsulm, Germany and the first Kaufland store was opened in Neckarsulm in 1984. It describes itself as the world’s fourth largest retailer and stocks up to 60, 000 product lines.
Kaufland currently has more than 1, 230 stores across Germany, the Czech Republic, Poland, Bulgaria, Croatia, Romania and Slovakia. It employs approximately 150, 000 employees.
What is a Kaufland ‘hypermarket’ like?
Alongside the usual supermarket staples and alcohol, Kaufland also sells general goods such as electronics, describing itself as a “hypermarket”. It has been compared to Australian chains like Woolworths’ Big W and Wesfarmers K-mart.
- Germany’s Kaufland supermarket further explores entry into Australia
- Aldi’s market share continues to grow, but for how much longer?
- Another German supermarket chain aims for quick Australian entry
Domino’s Pizza is speeding up its Australian growth rate, opening up 31 stores in one financial quar...
The major Queensland beef producer Australian Country Choice has filed a Queensland Supreme Court ac...
Gatorade is entering into the water category, now selling a sugar-free flavoured electrolyte water.
Chinese consumer markets for Western-style cakes and cake mixes are still in their infancy, yet earl...
So what if Coles extended the free handout of its “better”, thicker plastic bags to better serve the...
Coles has dragged down the Wesfarmers 2018 first half year financial profits with its earnings falli...
Australia needs to develop on-shore recycling solutions a new report on China’s recent foreign waste...
Abbott’s Village Bakery is now selling gluten free bread.