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Woolworths profit falls 20.6 per cent amid strikes, changing consumer habits

Inside Retail

Woolworths Group booked lower profit in the first half, attributed to the 17-day industrial action impacting its supermarket business last December and a trend of customers seeking more value when shopping. The group’s net profit fell 20.6 per cent to $1.45 per cent to $120 million.

Consumer 243
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Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

Woolworths and Coles, Australias supermarket goliaths, have gone from Covid-19 heroes to cost-of-living villains in the last two years. billion that cut net earnings to just $108 million. billion net profit for the last financial year, with a year-high share price of $19.40 billion, but booked provisions worth $1.6

Consumer 246
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For Thai retailers CP Axtra and Big C, new stores and fresh food drive growth

Inside Retail

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

Wholesale 130
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From drab to trendy, 7-Eleven strives for relevance

Inside Retail

In the cities, 7-Eleven is a retailer that just keeps evolving and adapting to stay up with consumer lifestyle changes: it has become retail’s pocket battleship that challenges convenience store competition and supermarkets alike. Competition in 7-Eleven’s line of business doesn’t just come from supermarkets. Net profit was 6.2

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Central Retail: Expansions and omnichannel drive growth

Inside Retail

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! billion baht, and net profit by 1.3 Also, the portfolio still has a lot more growth potential. hypermarkets and three Mini Go! stores in Vietnam. billion Thai baht.

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Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

It operates 163 units with an average size of just over 5,200 square metres, but 80 of them are much bigger than that: cavernous warehouses where retail buyers and end consumers load up oversized shopping carts with bulk items at wholesale prices. Net profit was up by 8.9 Same-store sales growth was almost flat-lining at 0.5