Superior Food Services is now expected to sell to a private equity firm after two of the most likely strategic buyers reportedly left the sales process. The $3.75bn grocery wholesaler Metcash had hired investment bank Goldman Sachs to consider buying Superior Food Services, but is understood to be out of the race. Also out of
Metcash, Coles pull out of race for Superior Food Services Read More »
As the cost of living skyrockets, Australia’s leading supermarket bosses have shared their in-store tips, tricks, deals and programs on offer to save Aussies save their hard earned cash. Rising interest rates, power, petrol and food prices are putting a strain on many household budgets. But supermarkets are promising to help, offering a range of
Supermarket bosses share their tips to save cash at the checkout Read More »
The major retailer has announced a new move to help Australians struggling with the cost of living. Woolworths will freeze the prices of essential trolley items until the end of the year to help customers with the increased cost of living. Food inflation across the nation began to increase late last year and while it
Woolworths announces big move to ease cost of living crisis Read More »
The boss of the Australian Food and Grocery Council has warned there will be more hip-pocket pain at the grocery checkout in coming months. Woolworths has introduced price freezes on 200 pantry staples, which will remain in place until the end of the year, but Australian Food and Grocery Council CEO Tanya Barden says there
Australian Food and Grocery Council boss issues inflation warning Read More »
As we approach the end of the financial year, many of our members are looking forward to continued and heightened success in the 22/23 financial year. Part of running a successful supermarket is proper financial planning, including the creation of a good cash flow forecast for your supermarket as the new financial year begins. Creating
Creating a Cash Flow System For Your Supermarket Read More »
So, you’ve taken the leap and created a Facebook business page for your supermarket. Great! Unfortunately, creating your page is just the first step. Once you’ve established an online presence for your supermarket, the real legwork in marketing your business online can truly begin. Leveraging your supermarket for success through social media is all about
How To Boost Engagement On Your Supermarket’s Facebook Page Read More »
Key Points: People in some rural communities are foregoing fresh produce amid rising costs High fuel prices are making it too costly to drive long distances for cheaper options Prices are expected to keep rising to make up for on-farm losses and growing input costs Few Australians are immune from the rising cost of living
Cost-of-living crisis forcing people in remote regions to give up fresh produce Read More »
Woolworths is best positioned to pass on inflation and higher costs of doing business to shoppers and has proven to be a “hard negotiator” with suppliers seeking price rises, building a strong defensive wall protecting its profitability, according to a Goldman Sachs analyst. The nation’s largest supermarket chain has also built itself a commanding online
Woolworths better positioned than rivals Read More »
Some of the nation’s biggest food suppliers and restaurants, including Kraft Heinz and some McDonald’s franchisees, said they would continue to raise prices as they face starkly higher costs. Kraft Heinz notified retailer customers this past Monday that it would raise prices in August on items ranging from Miracle Whip and Classico pasta sauce to
Food prices to keep going up, as costs surge Read More »
Rosella, the iconic maker of tomato sauce, soup and condiments that went through tough times more than a decade ago, is chasing a new generation of shoppers in the $320 million soup category as it accelerates a revival of the brand. Rosella chief executive Michael Bartholomew said sales across the business were up about 30
The iconic Rosella eyeing a $320m revival Read More »
Desperate times may call for desperate measures, but no one in the sector wants to see a return to the dark days, when the major chains abused their market power. Seven years after the Food and Grocery Code of Conduct came into effect, tactics used by major supermarket chains to pressure suppliers are making an
‘Bullying’ returns to food sector as supermarkets offset rising prices Read More »
As of right now, in 2022, Australia is facing the worst energy crisis that the country has seen in 50 years. Last week, the regulator approved a rise in rates that will be effective come the 1st of July. With this increase, energy rates will soar as high as 19%. Due to this price hike,
Australia is Facing its Worst Energy Crisis in 50 Years Read More »
Costco will invest as much as $150m in opening three new stores across Melbourne and Geelong over the next two year as it takes the fight to Woolworths and Coles and battles for a greater share of the $120bn-plus groceries and general merchandise sectors. The chief executive of Costco’s operations in Australia, Patrick Noone, said
Costco eyeing off three new stores in Victoria Read More »
