Metcash’s CEO, Doug Jones, has announced that the company is undergoing an extensive analysis of its primary supermarket division to adapt to the evolving retail environment. This may potentially lead to job cuts as the company aims to reduce expenses. Although the primary goal of this review isn’t to reduce positions at the head office, […]
Metcash Reviews Supermarket Arm; Eyes Potential Job Cuts Read More »
Metcash, a prominent wholesale distributor, is experiencing a growth in sales bolstered by its food, alcohol, and hardware sectors. However, the company also highlights a shift in consumer behavior due to financial pressures, resulting in increased preference for affordable products. CEO Doug Jones informed the AFR Weekend that another concern is the rise in illicit
Metcash Sales Up Amid Cost Pressures, Tobacco Concerns Read More »
Coles is intensively implementing new technology to monitor shoppers from the moment they step into the store. The supermarket chain plans to employ overhead cameras, cart locks, advanced gates, and, surprisingly, fog machines to counteract the growing theft issue. Matt Swindells, the Chief Operating Officer of Coles, stated emphatically, “If you’re stealing, we’ll catch you.”
Coles is launching technology to closely monitor shopper activities Read More »
Amazon is making strides in the online grocery sector, challenging major players like Coles and Woolworths, amid reduced spending by Australian households. A recent survey by UBS, monitoring over 1000 Australian adults, showed that enthusiasm for online shopping has dwindled, especially for brands that also operate physical stores. Notable decreases in intentions to shop online
Amazon narrows the gap with supermarket leaders Read More »
Metcash, a prominent wholesaler with a vast network of supermarkets, liquor, and hardware retail outlets, has initiated a review of its chief supermarket division. This move arises due to the growing competition in the food and grocery sector, with the company looking to reduce costs, potentially leading to layoffs at its headquarters. To facilitate the
Metcash Evaluates Costs and Structure of Leading Supermarket Division Read More »
Dairy farmers’ representatives are urging the competition regulator to prevent supermarket behemoth Coles from purchasing two milk processing plants. In April 2023, Saputo, a milk processor, disclosed the sale of its Laverton factory in Victoria and its Erskine Park facility in New South Wales to Coles for a sum of $105 million. This sale is
ACCC Urged to Block Coles’ Milk Factory Buy Amid Competition Worries Read More »
Vivienne Mitchell’s brief TikTok video conveys a powerful message that has garnered widespread attention. Highlighting the economic disparities, she notes in her video, “In Australia, some have to work for two hours to buy an eight-pack of razors.” She contrasts this with a subsequent clip of the razors priced at $10 in a different store.
Rising Profits Spark Debate on Supermarket Dominance in Australia Read More »
A mischief-maker has been altering promotional labels in two leading supermarkets to express discontent over the rising living costs. This action follows the announcement of Coles and Woolworths generating a staggering $1.1bn and $1.6bn in profits, respectively last financial year. These altered tags, which look like discount price labels, have been appearing in both supermarket
Activists Use Mock Tags to Highlight Cost-of-Living Crisis Read More »
Woolworths is set to probe unauthorised deductions from supplier payments following revelations by an independent supermarket reviewer of an industry-wide issue. The $145bn national food and grocery manufacturing sectors have spotlighted unauthorised invoice deductions by leading supermarket chains, such as Coles and Aldi. They are urging the federal government-appointed independent reviewer to directly address this
Woolworths Probes Unauthorised Supplier Deductions Read More »
Your local Woolworths may be undergoing significant changes as it intensifies its strategy to transform numerous existing stores into its smaller Metro brand. This move has raised concerns among some customers, fearing a reduction in everyday items, an increase in self-serve checkouts, and potential price hikes. A resident from Sydney voiced that this was a
Woolworths Expands Metro: Tailoring to Local Needs Read More »
The Australian grocery sector is set to face heightened public attention as supermarket leaders Coles and Woolworths prepare to announce their yearly profits. However, experts suggest that escalating costs might hinder sector growth. Coles and Woolworths shares have seen significant appreciation leading up to their August announcements, with Coles’ stock rising 9.2% since the beginning
Coles & Woolworths: 2023 Profits Amid Challenges Read More »
Woolworths has introduced a new security measure to address the growing “increase in retail crime” in its stores. The company is testing birds-eye view sensors and automatic gates at express lanes and self-checkouts to deter potential thefts. This technology debuted in their Fairfield store in Sydney on Wednesday and will be piloted in two other
Woolworths Trials New Anti-Theft Sensors in Select Stores Read More »
The Commonwealth Bank of Australia (CBA), the country’s largest bank, has pledged to reduce its financing of fossil fuel projects, a significant move towards the energy transition of the economy. This announcement was part of the bank’s newly updated climate policy, which was mostly praised by climate advocacy groups. CBA has stated that it will
Commonwealth Bank of Australia Cuts Funding to Fossil Fuels Read More »
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