News

Metcash

Metcash hires Goldman Sachs to weigh Superior Food Services bid

The $900m grocery wholesaler Metcash has hired investment bank Goldman Sachs to consider buying Superior Food Services from Quadrant Private Equity. Metcash is among trade buyers and private equity firms considering an acquisition of Superior Food Services in the second round of the competition. How serious Metcash’s pursuit of the business is remains unclear, with

Metcash hires Goldman Sachs to weigh Superior Food Services bid Read More »

JBS

Woolworths, Aldi respond to reports of corruption at meat supplier JBS

Australian supermarkets have responded after a major meat and seafood supplier faced allegations of corruption. While the name JBS Foods may not ring any bells for most consumers, the Brazilian meat company is the biggest meat manufacturer in the world and supplies Woolworths, Coles, Aldi, IGA and many more popular food retailers in Australia. Shoppers

Woolworths, Aldi respond to reports of corruption at meat supplier JBS Read More »

wages

Woolworths boss calls for retail wages to increase amid rising inflation

The head of supermarket giant Woolworths has called for an increase in retail workers’ wages to keep up with the rapidly rising rate of inflation across the industry. In a message to shareholders on Tuesday morning announcing the business’ third-quarter trading results, chief executive Brad Banducci said he backed a proposal from the Australian Retailers Association industry

Woolworths boss calls for retail wages to increase amid rising inflation Read More »

Coles

Coles sales surge despite pandemic, floods – but Covid costs $65 million

Coles Group weathered what it described as significant Covid and flood-related disruptions during the third quarter to post a 3.9-per-cent lift in sales to $9.295 billion. The company said staff absenteeism related to isolation requirements during the Omicron outbreak led to “availability challenges and short-term impacts on Coles’ promotional program and disruptions to stores and

Coles sales surge despite pandemic, floods – but Covid costs $65 million Read More »

cost

The factors influencing the cost of your next supermarket shop

The cost of your weekly shop is about to spike again. Economists are predicting a sharp rise in grocery prices this week as inflation figures are released. Ritchies IGA CEO Fred Harrison said there were plenty of price increases coming through. “Over the last two years, manufacturers have absorbed many of the small increases,” Mr

The factors influencing the cost of your next supermarket shop Read More »

drive-through

Woolworths unveils plans for drive-through only store in Sydney

Woolworths has launched a bid to open its first drive-through only store in Sydney’s eastern suburbs. As part of a $560,000 proposed redevelopment, the supermarket giant is seeking to turn an old Rose Bay Caltex service station site into a dedicated pick-up site for customers collecting online orders. There would be no in-store shopping at

Woolworths unveils plans for drive-through only store in Sydney Read More »

cigarettes

Former manager charged over alleged theft of cash from supermarket

A man will appear in court today, charged by Robbery and Serious Crime Squad detectives over the alleged theft of cash from a supermarket in Sydney’s south-west last year. About 3.30am on Wednesday 20 January 2021, a supermarket employee attended the store on Hoxton Park Road, Liverpool, after being alerted the alarm system had been

Former manager charged over alleged theft of cash from supermarket Read More »

carbon-neutral beef

Coles to be first Australian supermarket to offer carbon-neutral beef

Coles will be the first major Australian supermarket to offer a carbon-neutral beef product line, as it seeks to tap into rising demand from consumers for sustainable products. Agriculture is one of the world’s largest sources of emissions, prompting calls for consumers to reduce meat consumption in a bid to aid global efforts to meet

Coles to be first Australian supermarket to offer carbon-neutral beef Read More »

Scroll to Top