Woolworths Future of Fresh report reveals the supermarket of 2034
September 3, 2014

Woolworths Future of Fresh report reveals the supermarket of 2034 Australian supermarket giant Woolworths has released a report which it said gives a “unique insight into the future of supermarket shopping. Woolworths said its Future of Fresh report has built a picture of how Australia will be shopping in 20 years time, revealing a continuing shift towards fresh, hyper-local produce and the convergence of new technologies to make grocery shopping a more innovative and immersive experience. Woolworths... ...Read more »

CEO boasts Woolworths has taken Masters and Big W losses in stride but market skeptics remain
September 1, 2014

Woolworths annual financial results released Retail giant Woolworths has reported net profits of $2.45 billion for the year to June 30 2014, up from $2.26 billion a year earlier. The profit gains of 8.5 per cent came despite losses of $169 million from Masters hardware chain and weak earnings at Big W down nearly 19 per cent. Strong growth in food and liquor With profits primarily reflecting improved sales in its food and liquor businesses, Woolworths chief executive Grant O’Brien expects... ...Read more »

ACCC takes action against petrol retailers and Informed Sources for sharing price information
August 20, 2014

ACCC takes action against petrol retailers and Informed Sources for sharing price information The Australian Competition and Consumer Commission (ACCC) has instituted proceedings in the Federal Court of Australia against Informed Sources (Australia) Pty Ltd (Informed Sources) and several petrol retailers alleging that they contravened section 45 of the Competition and Consumer Act 2010 (the Act). The ACCC has alleged that the information sharing arrangements between Informed Sources and the petrol... ...Read more »

‘Wake up Maggie I think I got something to say to you, ’ ACCC asks: ‘Where do you come from, my lovely!’
August 20, 2014

Maggie Beer Products acknowledges its labelling may be misleading The Australian Competition and Consumer Commission has accepted a court enforceable undertaking from Maggie Beer Products Pty Ltd (Maggie Beer Products) in which the brand, owned by celebrity cook Maggie Beer, acknowledges that its conduct was likely to have been misleading, in breach of the Australian Consumer Law (ACL). The undertaking relates to Maggie Beer Products’ place of origin representations on the labelling of “Maggie... ...Read more »

Woolworths concerned with disappointing Masters financial result
August 13, 2014

Woolworths concerned with disappointing Masters financial result Australia’s major supermarket group Woolworths is looking for new strategies to overcome a poor performance by its Masters home improvements division. Woolworths is battling the strong market dominance of the Wesfarmers-owned Bunnings group. Wesfarmers also owns major supermarket rival Coles. Woolworths has dropped its previous profitability predictions for this financially hemorrhaging part of the Woolworths business but is saying... ...Read more »

Australian Government issues paper seeking submissions on Supermarkets Suppliers Code of Conduct before 12 September 2014
August 11, 2014

Australian Government issues paper seeking submissions on Supermarkets Suppliers Code of Conduct before 12 September 2014 The Australian Government has released a consultation paper, ‘Improving Commercial Relationships in the Food and Grocery Sector‘, and the draft Food and Grocery Code of Conduct (the Grocery Code) for public consultation. In November 2013, Coles, Woolworths and the Australian Food and Grocery Council (AFGC) provided their jointly developed Grocery Code to the Australian... ...Read more »

WA independent retailers say deregulation of hours will ‘sweep away’ small players
August 4, 2014

WA independent retailers say deregulation of hours will ‘sweep away’ small players Independent grocers have described a report calling for deregulation of retail trading hours as a “catastrophe-in-the-making” for Western Australia’s small retailers. WA Independent Grocers Association President, John Cummings, said a report from the Economic Regulation Authority (ERA), which recommended that retail trading hours be deregulated in Western Australia, “fails to consider the real world implications”... ...Read more »

Woolworths Money to partner with Visa for credit card scheme
July 2, 2014

Woolworths Money to partner with Visa for credit card scheme Australian supermarket group Woolworths has announced a partnership between its Money division and finance business Visa to offer a range of consumer card payment solutions. Under the partnership, Visa will be the exclusive card scheme for Woolworths Money’s recently announced credit card partnership with Macquarie Bank. Woolworths said it would work with Visa and Macquarie Bank to deliver “enhanced consumer credit products”... ...Read more »

Food ministers sign off on new star labelling scheme
June 30, 2014

Food ministers sign off on new star labelling scheme The troubled Health Star Rating system for food labelling has been signed off by food and health ministers from the Australian Federal, State and Territory governments. Australian food and beverage manufacturers were ready for the announcement last Friday, with several food companies quick to announce that they would begin using the Health Star Rating system. For more information about how the Health Star Ratings system could be used advantageously,... ...Read more »

Metcash profits decline as supermarket war creates ‘tough market conditions’
June 25, 2014

Metcash profits decline as supermarket war creates ‘tough market conditions’ Australian wholesaler and distributor of groceries and hardware products Metcash Limited (Metcash) has announced its results for the 2014 financial year, with an underlying $250.1 million profit, a decrease of 10.9 per cent on the prior year. For the 12 months to 30 April 2014, Metcash generated $13.4 billion of sales revenue, an increase of 3.2 per cent on the previous year. Metcash, whose brand portfolio includes IGA,... ...Read more »

Next Page »