Purchase limits have been reintroduced on pantry staple products in Victorian supermarkets as new cases of COVID-19 spark fears of more panic buying. Victoria is in the midst of a new wave of virus cases, many of which have arisen from community transmissions. The state recorded 20 new cases yesterday and one death and fears […]
Product restrictions reintroduced in Victoria on panic buying fears Read More »
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
IRI Australia’s overview of COVID-19’s impact on FMCG Read More »
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
Coles, Woolworths record huge Q3 results on back of panic buying Read More »
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
Record breaking retail figures for March Read More »
Drakes Supermarkets director John Paul Drake didn’t hold back on his feelings towards stock-hoarders in a video posted to his YouTube channel this week. The son of the independent supermarket chain’s founder, Roger Drake – who C&I recently profiled for Face Time, unloaded on a customer he said attempted to return a whopping 150 units
Drakes Supermarkets boss flips customer the bird Read More »
Major supermarket retailers are enforcing strict trading measures in an attempt to curb the panic buying which has striped shelves and left many unable to access essentials. Woolworths this morning introduced a special trading hour, allowing only the elderly or disabled to shop between 7am-8am, in a bid to help vulnerable community members to purchase
Grocery virus response: special trading hours and purchase limits Read More »
Coronavirus (COVID-19) fears have cleared supermarket shelves and sparked supply shortages of hand sanitisers. Photos circulating this week have shown empty shelves in supermarkets across the country as people made a rush for essentials like toilet paper and baby goods, as well as canned foods, pasta and non-perishables. However hand sanitiser, unsurprisingly, appears to be
Panic buying clears supermarket shelves Read More »
