Metcash, the owner of IGA, has reported that sales in all areas of its retail business remain robust and that it is actively addressing the challenges of increased costs. In the period ending on April 30, the company’s overall revenue increased by 6.2 percent to reach $15.8 billion, while its underlying tax-paid profit rose by […]
Metcash’s IGA Reports Robust Sales Amidst Challenges Read More »
Woolworths, the major supermarket chain, is taking steps to eliminate a commonly sold poultry product from its stores over the next few years, in line with its long-standing commitment to sustainability made in 2013. As part of its ongoing efforts towards sustainable growth, the retail giant will cease production and sales of caged eggs in
Woolworths Commits to Phasing Out Caged Eggs Read More »
The instant asset write-off is a tax benefit available to small businesses in Australia. It allows businesses to immediately deduct the cost of eligible assets purchased and installed ready for use, up to a certain limit, reducing the amount of tax that the business must pay. This article will explore the ins and outs of
Understanding the instant asset write-off scheme Read More »
Canberra residents have earned the unenviable title of being the most prolific shoplifters at Woolworths, as recent data reveals that Australia’s capital city has the highest average theft rate for the popular supermarket chain. Among the 15 Woolworths stores in the Australian Capital Territory (ACT), high-priced baby formula emerges as one of the most frequently
Canberra Tops the List as Woolworths’ Worst Shoplifting City Read More »
Metcash is attributing changes in supplier payments to the impact of rising interest rates and customer demands for extended discounts. The company, which is Australia’s largest food and grocery wholesaler for independent supermarkets, has given a five-month notice to suppliers, requesting faster payment processing. During a recent supplier conference, Metcash CEO Doug Jones urged supermarket
Metcash Implements Changes in Supplier Payments Read More »
Farmer Colin Harper was frustrated with his lack of control over the prices of his lambs when selling them. In order to address this issue, the farmer from southern New South Wales made the decision to bypass the traditional method of selling at saleyards and instead process and directly market his own lamb to consumers.
Frustrated Farmer Takes Control: Direct Lamb Marketing Challenges Retail Prices Read More »
Red Rich Fruits, one of Australia’s largest growers, has invested $27 million in the development of a new apple variety called the Cosmic Crisp, with hopes of reversing declining sales in the apple category. The company, which supplies major retailers like Woolworths, Coles, and Aldi, as well as independent IGA stores, has already planted 360,000
$27M Apple Variety Set to Hit Supermarket Shelves Read More »
Woolworths, a major supermarket chain, has initiated a trial of advanced camera technology in one of their stores in New South Wales, Australia. The purpose of this trial is to enhance “product availability” for customers. In the Wetherill Park store, located in western Sydney, over 500 cameras have been strategically positioned on nearly every shelf.
Woolworths Trials Camera Tech for Product Availability Read More »
The Federal Court has been informed that Coles and Woolworths cheated their employees out of overtime pay by implementing a payment system that deviated from Australia’s industrial awards system. The Fair Work Ombudsman and two class action claimants jointly initiated a trial against the supermarket giants, alleging that workers were underpaid over a span of
Coles and Woolworths Accused of Underpaying Workers in Overtime Scandal Read More »
Experts claim that the rising prices of groceries, contributing to increased financial strain on struggling households, can be attributed to the greed of supermarkets and the grocery duopoly held by Coles and Woolworths. Recent research conducted by UBS revealed that food prices at Coles increased by 10.4% in April, while Woolworths experienced an 8.7% increase.
Experts Warn: Supermarket Greed and Duopoly Increase Grocery Prices Read More »
Coles, the latest company to acknowledge underpaying its employees, revealed on Friday that it had discovered further wage discrepancies for salaried managers. As a result, it would need to pay an additional $25 million to these workers, bringing the total amount owed to $50 million. In 2021, Coles had already incurred $13 million in remedial
Coles Unearths More Underpaid Wages, Faces $25M Settlement Read More »
An Australian milk brand that was highly cherished by consumers has declared its voluntary insolvency, leaving its loyal customers in a state of profound distress. Known as Made By Cow, this brand was distributed in major supermarkets like Coles and Woolworths, as well as independent retailers, and had gained a devoted following for its claim
Popular Australian Milk Brand Made By Cow in Voluntary Administration Read More »
Woolworths’ Everyday Rewards Extra program has recently undergone several changes that have left shoppers extremely frustrated as the modifications have significantly reduced the program’s value. The retailer, which only launched the program last year, has announced three major adjustments. Firstly, the annual subscription fee has increased from $59 to $70. Secondly, members will no longer
Woolworths’ Everyday Rewards Program Faces Backlash Over Changes Read More »
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