Retail becomes Australia’s most valuable sector
Woolworths has been named Australia’s most valuable brand for the second consecutive year.
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Woolworths
Peak industry bodies rally against Woolworths’ $552m PFD acquisition
Woolworths’ proposed $552 million acquisition of PFD Food Services is coming under an increasing amount of scrutiny with food service and retail industry organisations lobbying for the deal to be blocked.
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ACCC raises concerns over Woolworths PFD acquisition
The ACCC has outlined preliminary competition concerns with Woolworths’ proposal to acquire 65 per cent of PFD Food Services.
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Tension rises over Woolworths’ $552 million PFD bid
Ombudsman says the deal would give Woolworths too much market power and set smaller competitors up to fail.
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ACCC reviewing Woolworths’ acquisition plans for PFD Food Services
The ACCC is reviewing Woolworths’ proposed acquisition of PFD Food Services.
ACCC reviewing Woolworths’ acquisition plans for PFD Food Services Read More »
Product restrictions reintroduced in Victoria on panic buying fears
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
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Woolworths to cut jobs in move to automated distribution centres
Woolworths has announced it will slash more than 1,300 jobs as it transitions into automated distribution centres. The grocery company has announced they will close two existing facilities in Sydney’s Yennora and Minchinbury and Melbourne’s Mulgrave centre, which will be replaced by two new automated distribution centres in Sydney’s Moorebank Logistics Park. Moorebank was chosen
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Woolworths drop biggest product launch since Christmas
Woolworths has upped its range of convenience meals, introducing 60 new products to shelves this week in their biggest product launch since Christmas. Capitalising on the trend towards healthier options, the grocery retailer has placed an emphasis on vegetables in the range, including five new additions to their ‘Woolworths ‘& Veg’ range. The new products,
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Popular juice recalled over contamination fears
A popular juice brand sold at IGA, Coles, Woolworths and independent stores across Australia has been recalled on safety fears. A number of Pure Tassie’s Organics Pure Apple juice ranges have been recalled due to a microbial contamination of mycotoxin – Patulin, which can cause illness if consumed. The affected products include: 1. Apple and
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Warnings for viability of Australia’s fresh milk supply
The Federal Agriculture minister has warned Australia could run out of fresh milk supplies if the domestic dairy industry isn’t given a lifeline. Minister David Littleproud issued the dire caution yesterday, stating 500 dairy farmers had dropped out of the industry in the past year, many due to drought and market conditions. Mr Littleproud
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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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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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Coles and Woolworths reopen online delivery, ‘Click&Collect’ service
Coles and Woolworths have reopened their online delivery and ‘click & collect’ services in another sign panic buying is stabilising. Coles Online reopened for all customers earlier this week, following a temporary suspension enacted in early March for all but their elderly and vulnerable customers through their Coles Online Priority Service (COPS). The service
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