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‘Bullying’ returns to food sector as supermarkets offset rising prices

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 […]

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Coles

Coles CEO Steven Cain issues warning about ‘fragile’ price issue

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

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Woolworths

Woolworths pledges to ditch 15-cent reusable plastic bags by June 2023

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

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Woolworths

Woolworths gets a taste for luxury apartments with tower projects

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

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Coles

Coles boss Steven Cain says price hike requests from suppliers is fives times the level of last year

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

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