Amazon is making strides in the online grocery sector, challenging major players like Coles and Woolworths, amid reduced spending by Australian households. A recent survey by UBS, monitoring over 1000 Australian adults, showed that enthusiasm for online shopping has dwindled, especially for brands that also operate physical stores. Notable decreases in intentions to shop online […]
Amazon narrows the gap with supermarket leaders Read More »
Metcash, a prominent wholesaler with a vast network of supermarkets, liquor, and hardware retail outlets, has initiated a review of its chief supermarket division. This move arises due to the growing competition in the food and grocery sector, with the company looking to reduce costs, potentially leading to layoffs at its headquarters. To facilitate the
Metcash Evaluates Costs and Structure of Leading Supermarket Division Read More »
Dairy farmers’ representatives are urging the competition regulator to prevent supermarket behemoth Coles from purchasing two milk processing plants. In April 2023, Saputo, a milk processor, disclosed the sale of its Laverton factory in Victoria and its Erskine Park facility in New South Wales to Coles for a sum of $105 million. This sale is
ACCC Urged to Block Coles’ Milk Factory Buy Amid Competition Worries Read More »
Vivienne Mitchell’s brief TikTok video conveys a powerful message that has garnered widespread attention. Highlighting the economic disparities, she notes in her video, “In Australia, some have to work for two hours to buy an eight-pack of razors.” She contrasts this with a subsequent clip of the razors priced at $10 in a different store.
Rising Profits Spark Debate on Supermarket Dominance in Australia Read More »
A mischief-maker has been altering promotional labels in two leading supermarkets to express discontent over the rising living costs. This action follows the announcement of Coles and Woolworths generating a staggering $1.1bn and $1.6bn in profits, respectively last financial year. These altered tags, which look like discount price labels, have been appearing in both supermarket
Activists Use Mock Tags to Highlight Cost-of-Living Crisis Read More »
Woolworths is set to probe unauthorised deductions from supplier payments following revelations by an independent supermarket reviewer of an industry-wide issue. The $145bn national food and grocery manufacturing sectors have spotlighted unauthorised invoice deductions by leading supermarket chains, such as Coles and Aldi. They are urging the federal government-appointed independent reviewer to directly address this
Woolworths Probes Unauthorised Supplier Deductions Read More »
Your local Woolworths may be undergoing significant changes as it intensifies its strategy to transform numerous existing stores into its smaller Metro brand. This move has raised concerns among some customers, fearing a reduction in everyday items, an increase in self-serve checkouts, and potential price hikes. A resident from Sydney voiced that this was a
Woolworths Expands Metro: Tailoring to Local Needs Read More »
The Australian grocery sector is set to face heightened public attention as supermarket leaders Coles and Woolworths prepare to announce their yearly profits. However, experts suggest that escalating costs might hinder sector growth. Coles and Woolworths shares have seen significant appreciation leading up to their August announcements, with Coles’ stock rising 9.2% since the beginning
Coles & Woolworths: 2023 Profits Amid Challenges Read More »
The Commonwealth Bank of Australia (CBA), the country’s largest bank, has pledged to reduce its financing of fossil fuel projects, a significant move towards the energy transition of the economy. This announcement was part of the bank’s newly updated climate policy, which was mostly praised by climate advocacy groups. CBA has stated that it will
Commonwealth Bank of Australia Cuts Funding to Fossil Fuels Read More »
Woolworths has joined forces with Goterra, a startup focused on sustainability, to address food waste from its stores through the use of insects. Goterra’s new facility, soon to be opened in Wetherill Park, Sydney, will employ Black Soldier Fly larvae to decompose food waste on location, transforming it into organic fertilizer. The insects will be
Woolworths and Goterra Team Up to Fight Food Waste with Insects Read More »
Origin Energy has teamed up with Coles in an effort to enhance the energy supply of the prominent retail chain while also expanding Origin’s nationwide Virtual Power Plant (VPP). The collaborative venture involves the implementation of rooftop solar panels and battery storage across Coles’ supermarket locations throughout the nation. The energy consumption of supermarkets is
Coles Partners with Origin Energy to Boost Renewable Energy Read More »
Once again, Aldi has emerged as the top-rated supermarket in Australia, maintaining its position despite the ongoing cost of living challenges faced by the nation. According to the annual Supermarket Satisfaction Ratings conducted by Canstar Blue, Aldi secured its lead by receiving five-star ratings across various categories including overall satisfaction, value for money, produce freshness,
Aldi Dominates Australian Supermarket Ratings Read More »
Introducing Australia’s pioneering plant-based supermarket, Greens Super Market, which aims to promote accessibility and affordability of plant-based living while dispelling the misconception that environmentally conscious choices come with a hefty price tag. Located in the heart of Sydney’s plant-based hub, Newtown, Greens Super Market boasts an extensive range of exclusive plant-based products, fresh produce, essential
Greens Super Market: Australia’s First Plant-Based Hub Read More »
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