This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. .
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.
New on-demand food and grocery service Geezy Go has launched a digital supermarket serving Sydney, aiming to compete with Woolworths and Coles. . The online supermarket offers an under 20-minute delivery service, promising products priced similar to or lower than its rivals. “At the moment we have a 99.7-per-cent
LaManna, the 10,000sqm independent supermarket located at Essendon Fields, is rising to the Christmas occasion. Inside Retail : How has LaManna differentiated its holiday season offering from other supermarkets? IR : What are some returning best-selling products from past years, and whats new this year?
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.
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.
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.
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
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.
million in government funding on its recently published supermarket data, which priced a basket of just 14 items to determine the nation’s cheapest grocer. ” In the report, Choice said it visited 104 supermarkets nationwide and took note of the prices of 14 common grocery items. .
The CEOs of supermarket giants Coles and Woolworths stated their cases to the Senate inquiry this week as the government looks into the allegations of price gouging and anti-competitive practices. For Coles, the supermarket chain makes $2.60 And, it is consistent with profit margins made by supermarkets overseas,” she explained.
The pricing practices of Australia’s supermarket near-duopoly are about to the the focus of a year-long enquiry by the government’s competition regulator, the Australian Competition and Consumer Commission (ACCC). The ACCC will examine competition in the supermarket sector and how it has evolved since the previous inquiry in 2008.
Save A Lot has partnered with Leevers Supermarkets to launch Ahorra Mucho , a new discount grocery store and innovation center in Aurora, Colo. The supermarket also will feature a broader assortment of fresh produce and an in-house bakery. Leevers Supermarkets has long embraced the Hispanic community by tailoring signage and products.
Sydney-based social enterprise Good & Fugly has released its inaugural The Farm To Supermarket Food Waste Report 2023 , which explores farmer and supermarket relationships. Almost a quarter of smaller farmers (23 per cent) report that supermarkets expect them to hand over imperfect produce for free.
very intentionally draws its design and merchandising inspiration from supermarkets rather than pharmacies. Joyleaf, which opened in late 2023, is organized and merchandised by type of product rather than by brand: all the edibles, for example, are grouped together as a category, as they would be in a supermarket.
“We’re passionate about the quality and variety of our offerings, and especially how we help shoppers save money,” said Joel Rampoldt, CEO at Lidl U.S. We’re putting the ‘super’ in supermarket (make that The Super-EST Market). in a statement. “This brand relaunch allows us to reintroduce Lidl U.S.
While the ongoing inquiries into supermarket pricing have been generating plenty of headlines in recent weeks, they barely came up during Coles’ Q3 earnings call on Tuesday. per cent increase in supermarket sales revenue to $9.1 We remain committed to providing our customers the best possible value on their grocery bills.
Coles saw higher sales in the first quarter of FY24, attributed to more customers preferring to eat and have entertainment at home to cut back on discretionary spending. billion, attributed to growth in both the supermarket and liquor segments. ” Supermarket sales jumped 4.7 Group sales rose 3.6 per cent to $9.19
In a supermarket in southern China, live fish swim around in a glass tank bearing a QR code for customers to scan for information about where the fish is from and details of provenance and sustainability in its farming or capture. Stores are a real environment for people to get together, and that is most important.”
Group CEO, Doug Jones, said both sales and earnings were at “record levels” as the business continued to face additional challenges associated with rate increases and cost of living. billion on a normalised basis while supermarket sales rose 2.1 For the year to April 30, group revenue rose 6.2 per cent to $15.8 per cent to $307.5
CEQ’s network of 29 stores offers many of the core grocery items found in a traditional supermarket – ranging from fresh produce to non-disposable items – to large items such as washing machines, but presented in smaller store formats. It’s not a secret when you look at Indigenous health compared to mainstream health, it’s very different.
billion, mainly attributed to higher supermarket sales. “We have delivered another solid sales result across our supermarkets this quarter reflecting strong execution of our trade plans and our continued focus on delivering great value and great quality alongside improved availability,” said Coles Group CEO Leah Wecker.
The supermarket chain’s net profit grew 1.8 Supermarket revenue increased 6.2 Other segments’ revenue stood at $837 million. Coles ended the fiscal year with 856 supermarkets after completing 50 store renewals, opening 12 new stores, and closing two. per cent to $1.12 billion as group sales rose 5.1
This week, the Senate Committee on Supermarket Prices made 14 recommendations for the Government to consider amending the Competition and Consumer Act 2010 to end the alleged price gouging of the major supermarkets. This will allow consumers to align and ‘buycott’ from a supermarket that promotes their values.
Tesco and Waitrose are among the supermarkets facing backlash after a BBC investigation alleged their ‘Italian’ tomato purée may contain tomatoes grown and picked in China using forced labour. If we identify any evidence that our puree was not produced in line with our strict specification, we will take urgent action.”
Ray David, a portfolio manager at Blackwattle Investment Partners, told The Australian Financial Review that Woolworths’ New Zealand supermarkets had not performed well, with earnings down 57 per cent in the year ended June 30. “We per cent at Coles. per cent in six months, compared with the 5.2
Aldi bagged the Supermarket of the Year 2023 title from the Roy Morgan’s Customer Satisfaction Awards – for the seventh time and the fourth consecutive year. The supermarket chain boasted an average 95.7 per cent customer satisfaction score. Aldi claims to have delivered $3.4 billion in savings to local consumers in 2023.
With the large self-checkout devices we are used to in supermarkets, this change would not be feasible due to space constraints. To gain a competitive edge, some retailers have taken an all-inclusive approach, offering customers the flexibility to pay via electronic and cash options at their self-service kiosks.
Woolworths Group CEO Brad Banducci is set to retire in September, coinciding with the supermarket chain’s 100th anniversary. The announcement comes as Woolworths faces pressure over its price-setting practices along with its rival Coles, and the market power of major supermarkets in Australia.
. “Until the industrial action is resolved, a further impact to sales is expected,” the supermarket chain said in a statement. “The full financial impact at this stage is unknown.” ” The post Woolworths faces $50 million food sales loss due to striking workers appeared first on Inside Retail Australia.
We are excited to collaborate with Simbe to bring their industry-leading technology and platform to our clubs,” said Jeff Desroches, EVP, Chief Operations Officer at BJ’s Wholesale Club in a statement. “By
The trolley, dubbed Caper Cart, is a collaboration between Coles and US supermarket technology company Instacart, and it is scheduled to be trialled at Coles Richmond Traders in Melbourne early next year. The Coles Smart Trolley has an interactive digital screen that displays in-store specials and product aisle locations. “We
The strike is yet another symptom of big supermarkets myopically pursuing profit,” Jim Ritchie, strategy director and partner at brand agency US+US, told Inside Retail. While the UWU’s strike is advocating for workers’ rights, it could give consumers another reason to question if a supermarket duopoly is benefitting them.
Supermarket chain Coles says it is looking to scale artificial intelligence across its operations to enhance customer experience. In one example, partnering with Microsoft, the supermarket chain is adopting a “computer vision feature” that accurately scans fresh produce through plastic bags.
For Jim Ritchie, founder and strategy partner at branding agency US+US, the price drop class action and ACCC legal action against the Australian supermarket points to something much larger. “As The unspoken pact is clear: Give consumers what they want at a fair price, and we’ll tolerate the massive profits you rake in.”
Just one year ago, supermarket rivals Coles and Woolworths were fighting it out for the top spot as Australia’s most trusted brand. Bunnings is the only ‘survivor’ from the top rankings of a year ago, in third at the time behind then most trusted brands Woolworths and Coles. The response I got was baffling.
“We believe that by creating an inclusive environment where each and every single team member can be at their best is critical to unlocking the true value of diversity.”. Earlier this year, insurance company Allianz Australia introduced four weeks of paid leave and up to 12 months of unpaid leave for employees affirming their gender.
However, at last week’s Delivering the Future event in Nashville, Tennessee, the retail giant announced major plans to combine choice and convenience for its customers. The way we see it: It’s still Day 1,” stated Tony Hoggett, senior vice president of worldwide grocery stores at Amazon. asked Varadarajan.
It was long overdue but at last, the Australian Retailers Association (ARA) and the National Retailers Association (NRA) are finalising a merger. What might be more pressing is the Australian Competition and Consumer Commission investigation of supermarkets that has been ordered by the Federal Government. Or are they?
The supermarket will begin in the bakery department, implementing RFID-embedded labels on each item. Kroger will leverage RFID technology from Avery Dennison for item-level digital identification, enabling more frequent and accurate inventory information to help maximize freshness, reduce waste and improve the store associate experience.
Dr Abas Mirzaei, a marketing lecturer at Macquarie University, told Inside Retail that “Woolworths is a household name, where consumers are exposed to the brand cues on a daily basis.” At the same time, there’s been broader discussion about 26 January and what it means to different parts of the community.”
However, Leighton certainly has his work cut out for him this time around, as the struggling supermarket continues to flounder. He told The Guardian that he had committed to spending three to five years with the supermarket chain, acknowledging that “it is going to take us that long to get it right.” as sales fell 5.5%
In partnership with Dexus – property manager of Wilsons – the supermarket has signed a lease for a 2252sqm space at the Willows Shopping Centre and will offer shoppers a range of grocery products, fresh produce, and bread delivered daily.
Supa IGA Karabar is an independent supermarket that sells a range of groceries and liquor along with an attached liquor store (trading as Liquor Boss) located in Karabar, NSW. Woolworths’ proposed acquisition of the Supa IGA store in Karabar, NSW has been opposed by the Australian Competition and Consumer Commission (ACCC).
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content