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Woolworths Group’s supermarkets MD resigns

Inside Retail

Woolworths Group said that Natalie Davis has resigned as MD of its supermarket division, effective at the end of September. Davis is leaving to pursue an opportunity at Ramsay Health Care after serving Woolworths for more than nine years. ” The company has already commenced a search for Davis’ successor. .

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Record retail theft puts pressure on Australian supermarkets

Inside Retail

That may impact profit at Woolworths and Coles, which together ring up two-thirds of Australian grocery sales and noted rising store theft in trading updates last month. “Supermarkets operate on very thin profit margins. . “Supermarkets operate on very thin profit margins. Woolworths and Coles declined to comment.

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Is this the end of Australia’s supermarket duopoly?

Inside Retail

The allegations of price-gouging during a cost-of-living crisis by Australian supermarkets Coles and Woolworths could finally be the death knell of the duopoly that has long dominated the country’s grocery sector. In December last year, the Senate announced an inquiry into the price-setting practices and market power of major supermarkets.

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Heavy fines proposed for anti-competitive supermarket practices

Inside Retail

Treasurer Jim Chalmers expressed support for the independent review of the Food and Grocery Code of Conduct, proposing a mandatory code which – if adopted – will result in multi-million dollar penalties for supermarkets and suppliers who engage in anticompetitive practices.

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Majority of Australians blame supermarkets for cost of living crisis

Inside Retail

A majority of Australians blame supermarkets, at least in part, for the rising cost of living in the country, a survey shows. The Australia Institute’s Carmichael Centre/Centre for Future Work surveyed 1014 participants and found that 83 per cent largely or somehow blame supermarkets for inflation.

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Coles’ revenue rises on higher supermarket, liquor sales

Inside Retail

Supermarket chain Coles booked higher revenue in the fiscal first half, thanks to a sales increase across all segments. billion as supermarket revenue went up 4.9 billion as supermarket revenue went up 4.9 Revenue from other segments stood at $450 million. However, while group earnings before interest and taxes rose by 0.6

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The new Tiktok challenge waging war on the major supermarkets’ pricing

Inside Retail

Independent Queensland grocer Skippys Fresh Frootz has garnered attention on social media for its videos highlighting its low prices at a time when Australia’s major supermarkets are facing scrutiny for their lack of transparency in their price-setting practices. Bunnings is now back in first place.