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The Australian Competition and Consumer Commission (ACCC) has published its final report following a year-long inquiry into the countrys supermarket sector. The report includes 20 recommendations to increase competition and price transparency for consumers and suppliers.
Woolworths and Coles, Australias supermarket goliaths, have gone from Covid-19 heroes to cost-of-living villains in the last two years. and a low point of $15.24, albeit edging close to the higher mark at years end. Through the course of the year, Woolworths increased revenue by more than $2 billion, to $50.74
BJ’s Wholesale Club has entered a partnership with Simbe to roll out the solution provider’s automated business intelligence robot, Tally, to all 237 stores. The retailer plans to utilize the AI-powered solution to provide greater visibility into club conditions and drive deeper business insights.
But one area of commerce has stubbornly resisted this move toward digitization — wholesale. People basically just ignored the third leg of that triangle though, the wholesale leg.” billion and was valued at $12.59 Since its launch in 2017, the platform has raised more than $1.29 billion after its last funding round in May 2022.
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.
CP Axtra, the awkwardly-named parent company of Thailands familiar Makro and Lotuss stores and the countrys largest wholesale-retail conglomerate, reported a strong set of results for the fourth quarter of 2024 and for the whole year. Wholesale sales under Makros four different banners grew by 4.7 billion Thai baht (US$4.0
Associated Food Stores (AFS), a wholesaler and cooperative serving nearly 450 supermarkets in the Intermountain West region, has adopted customer engagement, personalization and analytics solutions from Birdzi. We’re honored to earn the confidence from our first wholesale customer.”
The law, designed to prevent foodborne illnesses by strengthening the ability to track and trace food through all stages of the supply chain, will become mandatory in 2026, but Save A Lot, a discount wholesaler serving approximately 750 independently owned groceries, has committed to being ahead of the curve.
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.
Cooperative food wholesaler Associated Wholesale Grocers (AWG) , which serves independently owned supermarkets, has expanded its partnership with Instacart to offer ecommerce and same-day delivery solutions as well as smart cart technology to its member retailers. An Instacart shopper will then pick and deliver the order.
The Tally robots from Simbe will roam the aisles of five Price Chopper/Market 32 and five Tops Friendly Markets stores through January 2025, when Northeast Grocery will evaluate the pilot results to determine next steps that could include expanding the robots’ deployment to other supermarkets.
Gallen at the beginning of 2023 listed the 500 largest family businesses globally ranked by revenue. Schwarz Group The parent company of German supermarket chains Lidl and Kaufland is owned by Dieter Schwarz, son of its founder Josef Schwarz. An index compiled by EY and University of St. The Walton family currently holds 45.5
A $68 T-shirt might seem like a tough sell, but eight years on, Molnar’s brand Goodlife C l othing has a host of top-tier wholesale partners, a booming DTC business and, most importantly, a cult following of customers that keep coming back. Customers can try products for seven days and return what they don’t like at no charge.
Angus McDonald, CEO of BBQ retailer Barbeques Galore, will step down from the role at the end of this year for undisclosed reasons. “I Alex Foster, who has 20 years of retail experience at discount supermarket Aldi, will take over the position.
Over the decades, Australia’s major supermarkets have emerged from various parliamentary and regulatory agency inquiries, not to mention political, media, union and consumer group pressures, relatively unscathed. This time supermarkets are caught in a political quagmire and the repercussions of an economic and social reset.
Subscribbe, a wholesale ecommerce platform that will enable independent convenience stores to compete with the big supermarkets by creating a ‘corner shop conglomerate’, is to be launched. This story continues atWholesale ecommerce platform aims to help c-stores compete with supermarkets.
Mexican grocer Chedraui , Raley’s Supermarkets and Primark Stores have topped the National Retail Federation’s 2023 Hot 25 Retailers list, which ranks the fastest-growing retail companies in the U.S. If you look at the growth in grocery, it’s almost all [mergers and acquisitions] ,” said Marcotte in a blog post. 13), Publix (No.
Launched in 2017, wholesale platform Foodbomb connects restaurants and cafes with a marketplace of around 160 suppliers, simplifying the ordering process. But, in the wake of the Covid-19 pandemic, the business opened its doors to direct-to-consumer (D2C) sales to buoy the market through periods of empty supermarket shelves.
Wholesaler Metcash has entered a trading halt after confirming to the Australian Financial Review it is in talks with Quadrant to acquire the Superior Food Group.
Foodservice distributor US Foods is continuing to expand its warehouse supermarket concept CHEF’STORE with four new locations in California, Montana and North Carolina. The new additions will bring the total number of CHEF’STOREs to 87 across 13 states. In February 2021, the company rebranded to the CHEF’STORE banner.
Wholesaler Metcash’s revenue grew in the first half of FY24 amid higher sales across its food, liquor, and hardware businesses. Metcash is known for its supermarket brands IGA and Foodland and convenience brand Campbells/C-Store.
The winter World Cup has added a new level of uncertainty to the Christmas trading outlook of Britain’s supermarkets: How do you persuade cash-strapped shoppers to buy yule logs and luxury biscuits at the same time as beer and pizza? But with household budgets squeezed, supermarket chains are bracing for less of a sales bonanza.
Thai retail conglomerate Central Retail (CRC for short) has launched full-on into the wholesale business under the name Go Wholesale, and is planning to give CP Axtra — parent company of retailer Lotus’s and wholesaler Makro — a run for its money. It operates 164 wholesale units, of which all but 10 are in Thailand itself.
billion Kroger acquisition of Albertsons , calling the deal — the largest supermarket merger in U.S. This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years,” said Henry Liu, Director of the Bureau of Competition at the FTC in a statement.
Back then the chain was a department store until 1965 when the first Woolworths supermarket opened in New Zealand, before the company later bought the Self Help chain and from 1973 began rebranding those under the Woolworths brand.
The company’s mall portfolio itself now stands at 87 in the Philippines and eight in China, collectively bringing in $1.3 The symbiotic relationship between the property and retail arms means that sales growth for SM Retail translates into rising rental income at SM Prime’s malls. billion of revenue in 2023.
An exclusively online supermarket is rolling out across metro Sydney and Melbourne this month to capitalise on the demand for quick and convenient grocery delivery. We don’t have this problem because we purchase wholesale and sell at retail prices.”. 15-minute delivery .
Australia has experienced plenty of supermarket shortages since the COVID pandemic began. All of Australia’s supermarket supply crises were dealt with in less than three weeks. Supermarket restrictions. Supermarkets have already made changes to avoid repeats of the supply crises of 2020 and 2021 by keeping more stock on hand.
Our wholesale funds management program allows us to take advantage of these kinds of deep value opportunities and we look forward to working with Fortius on unlocking further value.” . Property company Blackstone Group bought Rundle Place and the office tower at 80 Grenfell Street for $400 million in early 2016.
Australia’s convenience store sector is growing at a rate of about 3.1 Steven Cain, CEO at Coles, said the deal will allow the company to focus on its growing omnichannel supermarket and liquor business. per cent annually, with Coles Express sales rising by 3.7 Viva will continue to stock Coles’ own-brand products. .
Supermarket bosses will be facing energy secretary Grant Shapps after he warned he would hold retailers accountable if they continue to charge “sky high” petrol prices for customers. I will be telling them to do the right thing and immediately end any attempt to overcharge at the pumps.”
Sainsbury’s has unilaterally decided to close down its wholesale business and therefore stop supplying the SimplyFresh group with Sainsbury-labelled products. SimplyFresh announced this morning that as a result of Sainsbury’s decision it no longer has an ongoing agreement with the supermarket as a supplier.
The supermarket giant has poached Lidl’s chief operating officer Matt Heslop as its new director of convenience and wholesale. Heslop, who joins Morrisons next month, has spent over 20 years in a variety of roles at the German discounter, most recently as chief operating officer of Lidl UK and of its Irish business before that.
Lidl was first granted planning permission for the pub back in August 2020, however the plan was objected by complete drinks wholesaler Philip Russell Ltd. The judge said the new pub would replace two pubs previously based in the area, and that the retailer would spend at least 410,000 on its proposals.
We would eat gelato at Christmas and Easter and family birthdays and special occasions and all through summer. gelato was like coffee 20 years ago, where the only place I could get traditional Italian coffee was at my grandparents’ house. SF: We’re just in Melbourne at the moment, but we’d love to expand interstate.
Discount supermarket chain Save A Lot is rolling out a new data-driven supply chain solution from SymphonyAI in an effort to better meet shopper needs and minimize stockouts and substitutions. Save A Lot operates approximately 850 stores in 32 states across the U.S.
The Co-op group has launched Co-op wholesale in a bid to re-affirm its commitment to the independent retail sector. Drawing on more than 160 years of wholesale heritage, the move re-enforces the groups commitment to drive increased value for independent retailer.
An e-commerce platform that plans to help convenience stores by-pass wholesalers and buy direct from manufacturers is to launch by the end of this year. Subscribbe, which is intended to help convenience stores compete on price with the big supermarkets, is aiming to create a “corner shop conglomerate”.
Costco Wholesale Corporation, the world’s third-largest retailer after Walmart and Amazon, has a wacky fiscal year that is out of sync with most retailers: Its FY23 ended 3 September and its annual report was released on 11 October. In Asia, member-based companies have in the past focused heavily or exclusively on wholesale customers.
Soon after Britain’s Tesco abandoned its retail business in Thailand and Malaysia in early 2021, its buyer, Thailand’s Charoen Pokphand Group, merged it with its Siam Makro wholesale arm. The retail and wholesale businesses accounted for a roughly even split of the company’s 219.6 That was in October a year ago now. billion baht ($9.4
Nielsen Consumer Insights reported a 37 per cent increase in supermarket coffee sales – with more premium options seeing sales growth of over 40 per cent. During the pandemic, we experienced an increase in coffee machine sales and accessories as customers sought to replicate the café experience at home,” Knox said.
Koko Black also has a corporate, wholesale and fledgling international business. Crowe explained that the brand currently supplies a number of premium independent supermarkets, and that the big guys – like Coles and Woolworths – are seemingly fighting each other to stock its products. “We
This year, Central plans to open four new home-improvement stores, 10 supermarkets/food halls and four Go Wholesale warehouses in Thailand, plus two Go! A third aspect of Centrals progress over the past year is the expansion of its new Go Wholesale chain to 10 units, readying it to compete with the sector giant, CP Axtras Makro.
That’s marginally ahead of the 7 per cent inflation rate during the same three months but higher growth than archrival Coles reported last week at 6.5 Sales at Big W grew by 5.7 Woolworths Group’s star performer seems to have been its B2B arm, where its PFD wholesale business achieved a 28 per cent increase, underpinning a 16.4
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