Woolworths to close more stores, 500 HQ jobs to go now, new 3-5 year turnaround plan
July 25, 2016

The Woolworths Group has announced it is culling 500 head office jobs and closing seventeen Woolworths supermarkets as part of its revival plans. On top of the seventeen Woolworths supermarkets to close, six of the group’s New Zealand Countdown supermarkets will shut up shop. Four of Woolworths’ Metro Australian convenience stores will also close along with three hotels. It is expected that the restructuring measures will cost the group AUD $959 million. In an announcement by Chief Executive... ...Read more »

BFree wraps enter Australian supermarkets
July 25, 2016

BFree are now selling quinoa and chia seed wraps in Woolworths supermarkets. BFree is an Irish health food company currently expanding its Australian product range. It recently introduced sweet potato and multigrain wraps into local supermarkets. The quinoa and chia see wrap includes teff, flax seeds, sorghum, rice, corn, millet, potato and amaranth flour. It is gluten free and endorsed by Coeliac Australia and New Zealand. General Manager at BFree, Alex Murphy, said the company was excited to... ...Read more »

Bounce Bites now available in Woolworths
July 25, 2016

Bounce Bite snacks are now available in Woolworths supermarkets across Australia. The snacks come in three varieties, Blueberry Banana Bliss, Coconut Almond Kiss and Coconut Cacao Delight. All of the bites are gluten free and vegetarian friendly. Bounce Bites come in resealable pouches and contain no artificial colours, flavours or preservatives. Bounce Nutritionist, Teresa Boyce, described the bites as a healthy snack option. “These delicious bit size pieces are perfect for the active, busy people... ...Read more »

ACCC invites comments on Metcash’s acquisition plans for Home Timber and Hardware
July 6, 2016

The Australian Competition and Consumer Commission (ACCC) is inviting comments on a draft undertaking from Metcash which intends to resolve concerns regarding its proposed acquisition of Woolworth’s Home Timber and Hardware. The ACCC said some home hardware retailers were worried about the impact the acquisition could have as Metcash already owns Mitre 10. Home Timber and Hardware and Mitre 10 are the only full-service wholesale options for independent hardware and home improvement retailers within... ...Read more »

Former Woolworths CEO Roger Corbett to end consulting to Woolworths
June 29, 2016

Former Woolworths Chief Executive Officer, Roger Corbett, will be leaving his role as a consultant to the supermarket group to focus on his position as chairman at pharmaceutical company, Mayne Pharma. Corbett was CEO of Woolworths Limited between January 1999 and September 2006. Since November 2015, he has been working as an advisor to the Woolworths board. At the time of his appointment as an advisor, Woolworths said Corbett was brought on to advise its Board on issues relating to performance,... ...Read more »

Woolworths slammed by Fair Work Ombudsman for procurement of trolley collectors
June 27, 2016

The Fair Work Ombudsman has just issued a report criticising Woolworths with a finding that some trolley collectors working at its supermarkets were being paid as little as $10 an hour. The trolley collectors should have been paid between $18.01 and $22.51 an hour depending on whether they were full-time, part-time or casual employees. The underpayment allegations were revealed in the report which disclosed the results of a 2014 inquiry by the Fair Work Ombudsman into the procurement of trolley collection... ...Read more »

Australian egg industry to bring in over $750 million in revenue 2015-16, new IBISWorld data released
June 15, 2016

New data from IBISWorld shows the Australian egg farming industry is expected to generate AUD $759.6 million in revenue in 2015-16. According to IBISWorld, in the five years leading up to 2015-16, Australia’s free range egg production is expected to grow at an annualised 12 per cent. At the same time, cage egg production has staggered downwards over the past five years. Rapidly rising free range egg industry Brooke Tonkin, a senior analyst at IBISWorld, said rising concerns among consumers about... ...Read more »

Woolworths is culling its Select brand, but is it the right thing to do?
June 6, 2016

Woolworths has revealed it is culling its mid-tier “Woolworths Select” private label brand as part of efforts to turn profits around. But is it the right decision? Interestingly, the news Woolworths Select is on the way out comes on the same day Credit Suisse analyst, Grant Saligari, told The Australian  he expects premium grocery retailers to eventually take a 20 per cent share of Australian supermarket shoppers. Woolworths Select was introduced as a higher quality, more premium offering... ...Read more »

Woolworths fined $9 million for role in laundry detergent cartel
June 6, 2016

The Australian Federal Court has ordered Woolworths to pay AUD $9 million in penalties for its role in a laundry detergent cartel. During the court proceedings brought by the Australian Competition and Consumer Commission (ACCC), Woolworths admitted to being knowingly concerned in the making of, and giving effect to, an understanding between Colgate-Palmolive Pty Ltd (Colgate), PZ Cussons Australia Pty Ltd (Cussons) and Unilever Australia Limited (Unilever). The understanding involved each party... ...Read more »

Aldi nears “tipping point” to push its fresh produce
June 1, 2016

A new report from financial services company, UBS Australia, has described Aldi as a “unstoppable force” in the Australian supermarket industry. The UBS report says that Aldi is approaching a “tipping point” and developing its fresh produce perception could see the supermarket continue to successfully grow. In its third detailed study into Aldi Australia, UBS predicts the supermarket is now achieving $7 billion in sales annually, double the sales it was making in 2013. The report said Aldi... ...Read more »

Next Page »