Property investment and funds management company Charter Hall have announced plans to acquire a 49% stake in BP Australia retail sites. The $840 million deal will see the company take a managed partnership in the $1.7 billion portfolio of 225 long weighted average lease expiry (WALE) convenience retail properties currently leased to BP Australia. The […]
Charter Hall acquires stake in BP Australia Read More »
A bold approach to convenience stores has proven a hit for retailers Good 2 Go. Business founders Mohamed Sayed, Nora Sayed and Mohamed Zreika had big plans to put their own spin on convenience stores when they launched Good 2 Go with its trademark bright yellow stores in 2017. Initially starting off with two stores
Bold has proved best for Good 2 Go Read More »
Woolworths has added another of its Metro stores with the opening of its new beachside store in Manly. Located in the heavy foot traffic area of The Corso, the store will compete with two existing Coles supermarkets, one in The Corso, the other on nearby Darley Rd. The 500sqm smaller format store, designed for
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IGA have embraced the spirit of Christmas this year, helping to give back to kids doing it tough. Partnering with charity Foodbank WA, more than 200 of the supermarket chain’s West Australian stores will take part in the Hungry Puff’s campaign. Shoppers can add an empty cereal box for $5, which will provide 10 meals
Pick up a box of Christmas cheer at IGA Read More »
Caltex Australia have sold 25 petrol stations amid a takeover bid from Canadian convenience operator Couche-Tard. The stations, which were mainly from inner city locations, were identified by the company as having development potential and totalled $136 million in sales. It’s expected the company will sell a further 25 sites early next year. It comes
Caltex station sell off Read More »
Coles has unveiled a brand-new concept with the opening of the new Coles Local in St Kilda, Victoria. The new store which further challenges the convenience sector due to its small format, features a “living herb wall”, the largest range of vegan and vegetarian products in the country, a pick-and-mix bar just for dogs, a pineapple
Coles ramps up convenience with small format store Read More »
The National Retail Association (NRA) has unveiled its Christmas sales forecasts, revealing that shoppers are to splurge more than $50,000 per minute in online purchases as part of a $50 billion spend across all retail. The Christmas trade period – encompassing the second-half of November and all of December – is the busiest time on
Shoppers to splurge $50,000 per minute online Read More »
IGA has launched two national TVCs with a seasonal twist over Christmas, that are inspired by real stories. The ads continue to highlight the special relationships IGA retailers have with their local customers and suppliers. This latest work builds on the IGA TVCs launched eight weeks ago by The Core Agency. The TVCs continue with Shane Jacobson, recounting
IGA launches new Christmas campaign Read More »
Distributor Metcash has been unable to save its long-standing supply agreement with 7-Eleven, with Metcash’s chief executive saying the convenience store chain’s terms made the contract commercially unviable. This is the second loss for the company in 18 months, after losing the Drakes distribution contract in South Australia. Metcash shares plunged more than 10 per cent to
7-Eleven drops Metcash Read More »
7-Eleven Australia opened its newest store at 1002-1006 Howitt Street Wendouree last week. The Wendouree team are looking forward to providing a great experience and offer to Wendouree locals and visitors. There will be approximately 10 team members, including eight team members new to the 7-Eleven business. 7-Eleven Victorian State Manager, Marc Costabile said the
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According to a recent survey conducted by SOTIInc., the majority of Australian shoppers stand ready to embrace the move towards autonomous shopping experiences, such as Amazon Go. Recently launched in the U.S., Amazon Go removes checkout counters and having to line up to pay and allows ‘just walk out shopping’. Autonomous shopping brings with it
Consumers ready for autonomous instore shopping: report Read More »
BP and David Jones have opened their first co-branded store in Bayside, Melbourne. The new store aims to deliver fresh, high-quality products, innovative convenience offers and shape the way Australian consumers shop for food. BP Bayside, on the corner of North Road and Nepean Highway, showcases the new dual-branded look and feel, alongside BP’s quality
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Woolworths is opening a cash-free ‘micro’ store in Sydney this week. The supermarket giant is trialling a convenience-style cashless shop targeted at city workers. The 50 metre square shop will have very limited stock and will focus on ready-to-go breakfasts, lunches, snacks and drinks, putting it squarely up against convenience retailers. The store is named
Woolworths opens smallest ever store in Sydney Read More »
