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Discounters outpaced by new entrants

The impact of the Costco and Kaufland entries to the Australian retail market has been almost entirely focused on the grocery market. But the two hypermart formats are also a significant threat to the discount chains, a category with too much retail floorspace and stagnant growth. The US membership-based Costco chain has a medium-term target of 20 stores and Kaufland has three stores locked in and another three in a short-term plan, according to the German supermarket chain. Some industry observ