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metcash market share

Metcash Market Share Declines; CEO Jones Stays Positive

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Metcash CEO, Doug Jones, has acknowledged that independent supermarkets under their umbrella, such as IGA and Foodland, have seen a reduction in market share compared to industry giants Woolworths and Coles. Nevertheless, he emphasized the competitiveness and value offerings of Metcash’s stores. In a discussion with The Weekend Australian prior to Metcash’s annual general meeting, […]

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rural shopping

Rural Australians Face Limited Access and Higher Grocery Costs

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Many Australians living in remote and rural areas face the challenge of limited shopping trips due to the vast distances to supermarkets. Sally Millar, a 31-year-old residing in a secluded northern Western Australian community with less than 30 inhabitants, highlights her monthly grocery shopping experience on TikTok. For her, reaching the nearest supermarkets, Coles and

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metcash

Metcash Sales Up Amid Cost Pressures, Tobacco Concerns

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Metcash, a prominent wholesale distributor, is experiencing a growth in sales bolstered by its food, alcohol, and hardware sectors. However, the company also highlights a shift in consumer behavior due to financial pressures, resulting in increased preference for affordable products. CEO Doug Jones informed the AFR Weekend that another concern is the rise in illicit

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coles

Coles is launching technology to closely monitor shopper activities

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Coles is intensively implementing new technology to monitor shoppers from the moment they step into the store. The supermarket chain plans to employ overhead cameras, cart locks, advanced gates, and, surprisingly, fog machines to counteract the growing theft issue. Matt Swindells, the Chief Operating Officer of Coles, stated emphatically, “If you’re stealing, we’ll catch you.”

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amazon online grocery

Amazon narrows the gap with supermarket leaders

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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

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Metcash

Metcash Evaluates Costs and Structure of Leading Supermarket Division

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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

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milk coles factory

ACCC Urged to Block Coles’ Milk Factory Buy Amid Competition Worries

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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 »

supermarket profit

Rising Profits Spark Debate on Supermarket Dominance in Australia

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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.

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crisis

Activists Use Mock Tags to Highlight Cost-of-Living Crisis

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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 Probes Unauthorised Supplier Deductions

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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

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Coles & Woolworths

Coles & Woolworths: 2023 Profits Amid Challenges

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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 »

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