As price-war continues between Australia’s two biggest retailers Coles and Woolworths, H.J.Heinz Company (NYSE:HNZ) continues to suffer significant declines in gross margin in the Australian market that is increasingly becoming inhospitable for branded products. Heinz manufactures and markets an extensive line of processed food products that includes condiments, meals, snacks and infant/nutrition products that are well known globally. The company competes with major food and consumer companies like Kraft Foods (NYSE:KFT), Tyson Foods (NYSE:TSN), ConAgra Foods (NYSE:CAG) and Campbell Soup Company (NYSE:CPB).
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