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The Australian Competition and Consumer Commission (ACCC) will live stream its upcoming public hearings for the supermarkets enquiry, scheduled from November 7 to 22. The public hearings will examine how retail prices relate to wholesale and farmgate prices, aiming to address the impact of these practices on consumers and suppliers alike.
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. The timing of the inquiries for the supermarket sector was also not ideal with changes of leadership at Woolworths, Coles, Metcash, Costco and Aldi. billion, but booked provisions worth $1.6
along with C&S Wholesale Grocers , has acquired Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners. This consortium continues C&S and SEGs longstanding partnership, added Eric Winn, CEO of C&S Wholesale Grocers in a statement. Financial terms of the current deal were not disclosed.
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 $739 million after earnings before interest and taxes (EBIT) slid 14.2 per cent to $1.45
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.” For nearly two decades now online marketplaces have proliferated, beginning with Ebay and Amazon, followed by Walmart, Etsy and countless others.
Save A Lot has relicensed its 18 remaining corporate-owned supermarkets, completing its strategy of shifting ownership and operations of all locations to independent licensed ownership. The time was right for us to step fully into our role as a licensed wholesaler and put all operations in the hands of our dedicated retailers.”
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.
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.
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.
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.
Earlier this month , Kroger and Albertsons identified the 579 supermarkets they plan to sell to C&S Wholesale Grocers if the merger goes through. A Kroger spokesperson quoted by Reuters said that “today’s decision is welcome news as it eliminates the need for a preliminary injunction hearing in Colorado.”
Schwarz Group The parent company of German supermarket chains Lidl and Kaufland is owned by Dieter Schwarz, son of its founder Josef Schwarz. Elo France’s Elo is the owner of supermarket chain Auchan, which was founded in 1961 by Gérard Mulliez and has its headquarters in Croix, France. The Walton family currently holds 45.5
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.
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 at Wholesale ecommerce platform aims to help c-stores compete with supermarkets.
billion merger of supermarket giants Kroger and Albertsons has faced pushback from federal regulators, state Attorneys General and labor unions practically from the moment it was first announced in October 2022. The planned $24.6 Top execs from both companies defended the merger in testimony to a U.S.
Hake joined Woolworths Group in May 2018 and was most recently its commercial director of merchandising and customer value in Woolworths Supermarkets. Guy Brent will lead the company’s Woolworths Food Company, an own-brand exclusive food business, together with Greenstock, PFD Food Services and the Australian Grocery Wholesalers.
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.
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. Product that Delivers on its Promise. We’ve built this business in a more traditional, grassroots way.
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 merger, Kroger and Albertsons have increased the number of supermarkets they plan to divest by 166 , for a total of 579 stores. The retailers also have increased the corporate and office infrastructure they would sell to C&S Wholesale Grocers , as well as additional private label product lines, for a total of approximately $2.9
Alex Foster, who has 20 years of retail experience at discount supermarket Aldi, will take over the position. Barbeques Galore launched a B2B e-commerce site in May with the goal of expanding its wholesale operations in Australia and internationally.
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. .
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. Meanwhile, tobacco sales fell 12.2
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.
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. Raley’s Supermarkets, No. expansion ), BJ’s Wholesale and Costco. BJ’s Wholesale Club (up 22.9%) 8. 13), Publix (No.
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.
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.
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.
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 .
The symbiotic retail relationship SM Retail, the retail arm of SM Investments, operates a portfolio of more than 4200 stores across a whole plethora of retail categories that includes department stores, supermarkets, hypermarkets and specialty stores. In all the company runs 30 brands, and conveniently they rent space in SM Prime’s malls.
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.
Like many retailers dealing with slow (or nonexistent) store traffic during the COVID-19 pandemic, tea retailer DAVIDsTEA is shifting its focus to e-Commerce and wholesale operations. As part of bankruptcy filings in Canada and the U.S.,
billion, with its wholesale distribution business PFD registering sales growth of 28 per cent due to strong trading with existing customers and new customer acquisition. The retailer has begun rebranding Countdown Supermarkets to Woolworths New Zealand and has started transitioning its Onecard loyalty program to Everyday Rewards.
C&S Wholesale Grocers has entered into an agreement to acquire Piggly Wiggly Midwest. “Piggly Wiggly is more than a supermarket, it is a family of franchise operators, employees and loyal … customers, too. president of Piggly Wiggly Midwest and founder of Butera Market.
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.” . Rundle Place has an Apple store, the Adelaide City Library, Coles supermarket and more than 50 specialty shops.
During its most recent update, the UK’s biggest supermarket, said it was considering replacing its barcodes with QR codes, said it had pulled in its highest market share in nearly nine years, hitting 29% of the industry’s sales. Tesco’s UK and Ireland like for like revenues, excluding fuel and VAT, rose 3.7%
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.
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. A number of supermarkets, such as Sainsbury’s , have already said they would welcome the scheme.
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