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 »
The Coles CEO has issued a dire warning, foreshadowing the supermarket chain’s impending hike in grocery prices. The Coles CEO has foreshadowed the supermarket chain’s impending hike in grocery prices as it contends with skyrocketing supplier costs and severe labour shortages. Addressing attendees at The Australian’s Global Food Forum on Wednesday, Coles chief executive Steven
Coles CEO Steven Cain issues warning about ‘fragile’ price issue Read More »
Woolworths on Friday became the first Australian grocery store to make the pledge, which ensures a regular trip to the local supermarket “is having less impact on the environment”. Woolworths has announced it will stop selling its 15-cent reusable plastic bags across the country in a gradual phase out over the next year. The supermarket
Woolworths pledges to ditch 15-cent reusable plastic bags by June 2023 Read More »
A popular snack sold at supermarkets across the country has been pulled from the shelves after it was revealed the products were contaminated. A popular independent supermarket snack has been pulled from shelves after the vegan product was found to have milk in it. Two of Chris’ Foods homestyle plant based 200g dips have been
Urgent recall of popular IGA supermarket snack Read More »
Supermarket giant Woolworths is stepping up its push into mixed-use projects which capitalise on the prime locations of many supermarkets for luxury residential projects. The company’s development subsidiary, Fabcot Pty Ltd, has proposed plans to redevelop Neutral Bay Woolworths in the leafy Sydney suburb into a retail and residential complex. While Fabcot traditionally develops and
Woolworths gets a taste for luxury apartments with tower projects Read More »
Coles chief executive Steven Cain has lifted the curtain on the food supplier pressures currently running rampant through the nation’s $100bn supermarket sector by revealing the level of grocery suppliers knocking on his door petitioning for price rises is up five times compared to last year. The boss of the country’s second biggest supermarket chain
– The first Mini Woolies launched in 2018 at St Edmund’s College, Castle Hill with 12 established and a further 25 to be rolled out nationwide by June 2023. – The Mini Woolies program provides hands-on learning experiences for students and job candidates with a range of specific needs with over 1,000 using the program.
Woolworths takes mini supermarkets program national Read More »
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