AUSSIE STORES FACE GROWTH, INCREASED COMPETITION

SYDNEY, Australia (FNS) -- Supermarket sales in Australia will increase 3.7% in 2000, with a 3% annual growth forecast for the following years, according to Deloitte Touche Tohmatsu's annual Global Power of Retailing survey.Australia has enjoyed a boom in retail sales for the last two years, the survey noted."Total retail sales grew by 3% in the 12 months to May. Supermarket and grocery store sales

SYDNEY, Australia (FNS) -- Supermarket sales in Australia will increase 3.7% in 2000, with a 3% annual growth forecast for the following years, according to Deloitte Touche Tohmatsu's annual Global Power of Retailing survey.

Australia has enjoyed a boom in retail sales for the last two years, the survey noted.

"Total retail sales grew by 3% in the 12 months to May. Supermarket and grocery store sales in 1998-99 increased by 3.3 percent, with increasing sales for the larger o

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