Woolworths faces a potential squeeze on its profit margins as it takes action to compete with its smaller rival, Coles. Coles has recently been outpacing Woolworths in terms of sales and market share growth, marking a shift in the competitive landscape. Despite this, Coles still trails behind Woolworths regarding food division profits. Analysts have noted […]
Woolworths Faces Margin Pressure in Battle Against Coles Read More »
Woolworths’ turbulent week has plunged it into even deeper trouble. First, its CEO, Brad Banducci, faced potential jail time for refusing to answer questions in a Senate inquiry on supermarket price gouging. Now, the company has admitted in a Melbourne court that it didn’t properly pay long service leave to over 1,200 former employees in
Woolworths acknowledges underpaying employees by $1.24 million Read More »
In a groundbreaking effort to reshape how we think about the affordability of fruits and veggies, a new approach to marketing is underway. The goal? To boost consumption and encourage healthier eating habits. Partnering up with a major supermarket chain, two universities in Victoria are spearheading a trial that introduces per-serve pricing for fresh produce.
Per-Serve Pricing: A Game-Changer for Healthy Eating Read More »
In the ongoing Senate inquiry into supermarket prices, it has come to light that Australia’s dominant supermarket players, Woolworths and Coles, have been utilising a legal yet under-the-radar tactic known as “land banking” to stifle competition from independent grocers. Essentially, they acquire property or undeveloped land and hold onto it, leveraging their market dominance to
Metcash: Woolworths and Coles Accused of Land Banking Read More »
Aldi has clinched the prestigious title of Supermarket of the Year for 2023, emerging victorious in a renowned customer satisfaction awards program. Roy Morgan, a respected market research group, bestowed this honour upon the grocery giant, outshining competitors like Coles and Woolworths. This marks Aldi’s fourth consecutive win and its seventh triumph overall in this
Aldi Named Supermarket of the Year Read More »
A Brisbane supermarket, IGA Greenslopes, has made a decisive move. It is biding farewell to its self-serve checkouts for good and returning to the tried-and-true manned checkouts. The reason behind this shift is a concerning one—a significant increase in shoplifting. According to reports displayed in the store, the decision stems from a notable surge in
Brisbane Supermarket Ditches Self-Serve Checkouts Read More »
Australia’s agricultural landscape has undergone a significant transformation, departing from its traditional image of riding on the sheep’s back. This evolution demands a shift in perspective if we are to engage in meaningful discussions about the stakeholders involved in supermarket inquiries. Politicians often portray multi-generational farming families as outmaneuvered by retail giants like Woolworths and
The Emergence of Corporate Farming Alters the Supermarket Playing Field Read More »
Major changes are on the horizon for supermarket giants like Woolworths, Coles, ALDI, and Metcash. A new mandatory food and grocery code of conduct, recommended by former Labor minister Craig Emerson, is set to shake things up. And the stakes are high—these supermarket giants could be looking at fines of up to 10% of their
Big Supermarket Giants Face Huge Fines Read More »
A pioneering initiative is underway at a leading South Australian supermarket chain to safeguard prized cuts of meat from the grasp of thieves. Drakes Supermarkets has embarked on a trial of GPS trackers affixed to packages of premium meats at two of its stores, marking a significant step in theft prevention tactics. Director John-Paul Drake
South Australian Supermarket Implements GPS Tracking to Combat Meat Theft Read More »
Opposition Leader Peter Dutton has made strong accusations against Coles and Woolworths, claiming that they are hindering competition by holding onto undeveloped land near their stores. He has pledged to take action to safeguard consumers from potential price hikes. The Coalition is devising a plan to forcefully dismantle the dominance of these supermarket giants if
Opposition Leader Calls for Action Against Coles and Woolworths Read More »
A significant proposal regarding meat consumption is underway: labelling meat in a manner similar to egg classification. However, this initiative may increase the cost of meat products. The Meat Standards Australia quality index, created by the farming industry, aims to elevate the quality of red meat. This index draws from an extensive pool of data,
Revolutionising Meat Labels: Empowering Consumers with Transparency Read More »
In the ongoing scrutiny of supermarket practices, a critical issue emerges beyond mere price gouging allegations. Within the intricate web of operations at Woolworths and Coles lies a systemic inefficiency in fresh food handling. This inefficiency not only inflates costs but also contributes significantly to wastage, burdening farmers with reduced prices and consumers with inflated
Addressing Supermarket Fresh Food Inefficiencies Read More »
The opposition, led by Peter Dutton, is developing a robust legislative proposal to reign in the power of supermarket giants Coles and Woolworths. This initiative, commonly referred to as the “big stick” law, is intended to combat anticompetitive behaviour and prioritise consumers’ interests, particularly as the nation gears up for a federal election. Under the
Opposition Unveils ‘Big Stick’ Law to Rein in Supermarket Giants Read More »
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