Monday, October 20, 2008

Australian supermarkets note

Supermarkets slash prices to keep fearful customers | The Japan Times Online

Some very strong supermarket competition in Japan:

Major supermarkets are engaging in price cuts to keep customers as a sagging stock market and worsening corporate earnings pressure consumers to tighten their purse strings.

Aeon Co. began its biggest discount campaign ever Saturday at about 2,000 stores run by group companies, slashing prices on about 1,000 items by an average 20 percent until the end of February.

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