Announcing a ‘sound overal trading result’ for the 24 weeks ended 28 February 2015, Associated British Foods (ABF) noted a disappointing period for George Weston Foods in Australia. The combination of competitive price pressure and retailers featuring bread in their drive for lower prices with heavy price promotion activity has reduced bread margins. In response […]
Bread price war impacts George Weston Foods Read More »
Coles Supermarkets has been slapped with $2.5 million in penalties by the Federal Court over its 2014 promotion of par bake bread as being freshly baked in-store and baked today. But independent groups Master Grocers Australia and the Baking Association of Australia described the fine as “nothing” to Coles and a “drop in the ocean”.
Coles receives $2.5 million fine over misleading bread promotion Read More »
A Roy Morgan Research survey of Australia’s main grocery buyers aged 14+ found that 55.8% of grocery buyers nominated ‘High standards of food safety’ as one of the factors that mattered most to them when supermarket-shopping, closely followed by a location close to home at 55.5%. While the survey of 15,944 main grocery buyers 14+
Food safety, convenience and good value matter most to consumers Read More »
Store owners Michael and Roz White of White’s Supa IGA Bli Bli were thrilled to receive the prestigious Independent Grocers of Australia state Retailer of the Year Award at the IGA Queensland and Northern NSW state conference last month in Waikiki, Hawaii. With over 200 competing stores, the Bli Bli Super IGA also won awards
Bli Bli IGA wins IGA state Retailer of the Year award Read More »
Master Grocers Australia/Liquor Retailers Australia CEO Jos de Bruin has called for Section 46 of the Competition Act covering misuse of market power to have an effects test that deals with the predatory capacity of supermarket giants such as Coles, Woolworths and Aldi. He said this is needed due to the chains opening new stores
Predatory supermarkets force smaller operators out – legal protection needed Read More »
United Petroleum’s rumoured plans for an up to $1.5 billion float or partial sale may be on hold due to the proposed IPO of Shell distributor and retailer Viva Energy, according to industry reports this week. Korea’s S-Oil Corp, which looked over the business some time ago, is believed to have recently cast another eye
United Petroleum rethinks potential float, petrol site interest hots up Read More »
Consumer product giant Procter & Gamble’s third quarter sales were hit by the effects of foreign currencies against the US dollar and it will look to price rises, cost and job cuts and marketing cutbacks to improve its bottom line. P&G reported net sales of $US18.1 billion with sales down 8% versus the prior year
P&G flags cost cutting as currency hits Q3 sales Read More »
Unilever’s first quarter 2015 sales have exceeded expectations as turnover rose 12.3% to 12.8 billion euros, with underlying sales growth broad-based across the four categories of Foods, Home Care, Personal Care and Refreshment. The results included a positive currency impact of 10.6%, underlying sales growth at 2.8% and underlying volume growth at 0.9% and pricing
Unilever gains 1Q sales turnaround, boosts brand investment Read More »
Coles announce intention to lower grocery prices in order to boost transaction volume and increase competition edge over rivals.
Coles set to reignite supermarket price wars but will suppliers come to the party? Read More »
The new Health Star Rating, front of pack food labelling system to rate the healthiness of foods has received a major boost after Kellogg Australia announced that it will implement the voluntary Health Star Ratings on its full cereal range across Australia and New Zealand from June 2015. The move by Kellogg’s comes one month
Kellogg’s, Nestle sign up to Health Star Ratings Read More »
Last week Caltex Australia handed a cheque for more than $420,000 to Make-A-Wish Australia CEO Gerard Menses. The donation was made using funds raised by Caltex Star Mart retailers, customers, suppliers and employees during the highly-successful Wish Drive held in November last year in which over 400 stores around Australia raise much-needed funds for the
Caltex Star Mart raises over $420,000 for seriously ill kids Read More »
On Good Friday, Friday 3 April, all 600 7-Eleven stores nationally joined together to raise funds for children’s hospitals. Stores asked customers to name the price they would like to pay for a large Slurpee, with all funds raised being donated to children’s hospitals. The ‘Name Your Price Day’ raised a total of $153,394.71 nationally
7-Eleven’s Good Friday Read More »
The latest ABS Retail Trade figures reveal a rebound in retail sales, seasonally adjusted, with Australian retail turnover rising 0.7% in February following a rise of 0.5% in January 2015, while food retailing rose 1.2%. In current prices, the trend estimate for Australian retail turnover rose 0.3% in February 2015 following a 0.3% rise in
Rebound for retail sales, food retailing in February Read More »
