Large proportion of businesses to take advantage of Federal Government’s recent changes to immediate asset deduction
Tax time: Small businesses plan to utilise new tax deduction provision this EOFY Read More »
Nearly 100 suppliers receive $12 Million refund from Coles amidst the companies announcement of the intention to become a signatory to the Food and Grocery Code
Coles refunds over $12 million to suppliers, signs Grocery Code of Conduct Read More »
Strong sales and profit results driven by product innovation and brand investment at SunRice
SunRice drives FY15 retail growth with new product innovation Read More »
New South Wales newsagents will benefit from the $15 million announced in the NSW Budget on June 23 for lottery agents for approved shop fits, but still have to negotiate a new franchise agreement with Tatts that could see them pay up to $25,000-$35,000 for compulsory fit outs. In the NSW Budget, more than $2.3 billion
NSW Newsagents win shopfit subsidy, but fears over Tatts agreement Read More »
Australia’s top retailers have today welcomed the Federal Government’s appointment of Ambassador for Mature Age Employment Susan Ryan AO to the newly created position and is encouraged by the Government’s focus on increasing workforce participation of mature workers to lift Australia’s productivity. Retail Council Chief Executive Anna McPhee said the retail sector has an important
Retailers welcome creation of Ambassador for Mature Age Employment Read More »
More smaller supermarkets and convenience stores are set to appear in Australian CBDs and cities, while the Australian supermarket landscape is set to evolve to accommodate the entry and aggressive expansion of discount grocery retailers, according to commercial real estate services and investment firm CBRE. Areas of opportunity for convenience stores are apartment developments across
More small CBD stores, discount supermarkets predicted Read More »
The a2 Milk Company has received an expression of interest for a potential acquisition of all of 2MC’s shares from two associated trade parties rumoured to include Freedom Foods and a leading international liquid dairy milk company. According to media reports, a consortium has lodged a non-binding and conditional bid with a view to undertaking
Beverage firms lodge bid for A2 Milk Read More »
Wholesaler to IGA and independent supermarkets and convenience stores Metcash Limited announced its full year 2015 results with group sales revenue up 1.7% to $13.6 billion, against a net loss after tax of $384.2m, while a new IGA advertising campaign aims to win back grocery shoppers and promote the Price Match initiative. Significant items
Metcash announces $384m loss, but stronger convenience, IGA sales Read More »
Aldi is the first major supermarket group to sign and implement the Food and Grocery Code of Conduct, after it announced the initiative on June 15, beating competitor Woolworths, which revealed last week it was signing up to the Code. An Aldi spokesperson said it has always supported the concept of a strong and sustainable Australian
Aldi jumps Woolworths to sign Grocery Code of Conduct Read More »
The Australasian Association of Convenience Stores (AACS) has reinforced its opposition to mandatory prepaid systems for petrol purchases as a means of curtailing petrol theft. “There are numerous problems and inconveniences associated with mandatory prepaid petrol, not least the fact that such systems would reduce the potential for impulse sales as well as jeopardise customer
AACS highlights problems with prepaid petrol Read More »
Masters Grocers Australia (MGA) and Liquor Retailers Australia (LRA) has made a submission to the Competition Policy Review Final Report in late May and called for a separate Supermarket and Liquor Retailer Industry Code. The independent retailer association said that the Draft Competition Policy Review Report released 22nd September 2014 does suggest that, “codes of
Master Grocers calls for supermarket code, backs ACCC competition approach Read More »
Metcash Limited, the grocery wholesaler to independent groups of grocers and convenience stores such as Supa IGA, IGA, FoodWorks, Friendly Grocer and Lucky 7, has announced a write-down in the value of its assets by $640 million. The Group’s underlying earnings (EBIT) for FY15 will be within the guidance range provided to the market of
Major write-down for Metcash, moves to continue transformation plan Read More »
NZ retail & transport fuels supplier Z Energy has signed an agreement to acquire Caltex’s NZ retail operations…
Z Energy in $785m Caltex NZ takeover deal Read More »
