Last quote by Mike Coupe
Mike Coupe quotes
You're looking at three major competitors, all of whom are still seeing their sales go backwards, and perhaps they will see the compelling need to do something.
The challenge between the supermarkets and the discounters is the biggest challenge that faces our side of the industry for the foreseeable future.
Therefore, it's quite difficult over the next five years to imagine a scenario where any particular one of us becomes financially distressed for it (consolidation) to become an imperative. But it's certainly not impossible.
Despite the fact that the big four grocers have closed the price gap considerably to the discounters it hasn't reached a tipping point where the movement of customers towards the discounters has either reduced or stopped.
In any scenario you end up potentially with a bunch of real estate that you probably wouldn't want. So why would you get involved in that?