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Retailers forced to re-evaluate expansion strategy

The ‘build it and they will come’ mentality and the chase for market share above all else has left many retailers vulnerable – not least of which is Woolworths. Retailers have finally abandoned the ‘build it and they will come’ approach to store development as the real cost of over-extending becomes more crucial. Retailers are also learning to live with a new reality that price wars have an impact on bottom line results, as the golden goose of passing on the cost of the discounting to