Author name: Naomi White

IRI Australia’s overview of COVID-19’s impact on FMCG

  IRI Australia have painted a dire picture of the economic impact of COVID-19 on the Australian economy. According to their COVID-19: Impact on the Australian FMCG Landscape report, the virus has shaken consumer confidence. The research company said global economic growth was already at a significant low of just 2.1% – the lowest level […]

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Coles, Woolworths record huge Q3 results on back of panic buying

COVID-19 has handed Coles and Woolworths a stellar third quarter. The panic buying that left supermarket shelves bare has had an upside for both grocery rivals. Coles saw sales revenue rise 12.9% overall, up by $9.2 billion compared to this time last year. Their grocery sales were particularly positive, with an increase of 13.1% to

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7-Eleven to work with franchisees on closures amid COVID-19

7-Eleven has been granted interim approval to work with franchisees to reduce trading hours or close stores amid a drop in customer demand due to COVID-19. The ACCC approved the move last week, as 7-Eleven own and operating stores in competition with its franchisees in some areas. ACCC chair Rod Sims said the move was

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Record breaking retail figures for March

New figures released by the Australian Bureau of Statistics prove what we all knew: March was a record breaking month for grocery. Seasonally adjusted, preliminary trade figures show retail turnover rose by 8.2% – the biggest rise ever recorded by the ABS and even higher than pre-GST panic buying in June, 2000, which was a

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PepsiCo donate to help vulnerable through COVID-19

PepsiCo Australia has today announced it will donate $480,000 to food charity Foodbank Australia to help those financially impacted by COVID-19.  It forms part of their (AUD) $72 million in global donations to provide assistance to help vulnerable communities through the crisis and will be made through their The PepsiCo Foundation and will help Foodbank

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Philip Morris offer free help for retail partners

Tobacco company Philip Morris Limited are extending their employee assistance program (EAP) to their retail partners during COVID-19. Acknowledging the evolving situation and restrictions posed by the global pandemic was creating a lot of uncertainty for retailers, the company are reaching out to offer help where they can. A spokesperson for the company said they

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