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Coles and Woolworths to Increase the Cost of Products as Inflation Continues to Soar

The supermarket giants Coles and Woolworths’ Shoppers are warned to expect the prices to soar, as the cost of living in Australia climbs even further. The new research has revealed that the cost of products on shelves at supermarkets could increase by a whopping 12 per cent this year Last week, the reserve bank of […]

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Heartless thief snatches charity donations from a supermarket

News / Dan Armes

A man has stolen $500 of charity donations from a supermarket in Ivanhoe. Police have been told the man entered the car park of the Upper Heidelberg Road store in a 2005 or 2006 silver Mazda 2 at about 4am on April 20. He’s believed to have forced entry to the supermarket and stolen a

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Farmers accuse supermarkets of ‘ripping off’ consumers

News / Dan Armes

Key points: Retailers have blamed inflation for the rising cost of fresh produce on supermarket shelves With no increase in farmgate prices, farmers have accused supermarkets of price gouging Apple growers have been struggling to turn a profit due to increased production costs Farmers say they are not benefiting from any price-rise of fresh produce

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Coles opens supermarket inside school for students

News / Dan Armes

A special kind of Coles supermarket has opened up inside a Sydney school as part of the brand’s commitment to inclusivity. Coles has established a one-of-a-kind mini store on the grounds of a school in what is hoped will have a meaningful impact on students. The fully functioning supermarket has been installed at St Lucy’s

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Instant grocery delivery app Send collapses

News / Dan Armes

One of the three “instant” delivery apps trying to take a slice of Australia’s $100 billion annual grocery market has collapsed, in a marker of headwinds facing start-ups that require huge and regular cash injections to have a chance at reaching profitability. Send, which had raised much less money than competitors Voly and Milkrun, went

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Metcash hires Goldman Sachs to weigh Superior Food Services bid

News / Dan Armes

The $900m grocery wholesaler Metcash has hired investment bank Goldman Sachs to consider buying Superior Food Services from Quadrant Private Equity. Metcash is among trade buyers and private equity firms considering an acquisition of Superior Food Services in the second round of the competition. How serious Metcash’s pursuit of the business is remains unclear, with

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Supermarket giant Coles unveils its first electric truck

News / Dan Armes

Coles has unveiled the first electric truck in its fleet in a bid to pivot to greener practices, four years after competitor Woolworths. Coles has unveiled the first electric truck in its fleet, in a bid to pivot to greener practices. The supermarket giant says that the truck will avoid more than 60 tonnes of

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Woolworths, Aldi respond to reports of corruption at meat supplier JBS

News / Dan Armes

Australian supermarkets have responded after a major meat and seafood supplier faced allegations of corruption. While the name JBS Foods may not ring any bells for most consumers, the Brazilian meat company is the biggest meat manufacturer in the world and supplies Woolworths, Coles, Aldi, IGA and many more popular food retailers in Australia. Shoppers

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Woolworths March quarter sales grow by 10pc

News / Dan Armes

Supermarket giant Woolworths has posted a 9.7 per cent jump in March quarter sales to $15.12 billion, underpinned by its Australian supermarkets which gained on the back of higher food prices as inflation edged up. It was another bumpy period as a fresh COVID-19 surge in early January led to higher at home food consumption,

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Woolworths boss calls for retail wages to increase amid rising inflation

News / Dan Armes

The head of supermarket giant Woolworths has called for an increase in retail workers’ wages to keep up with the rapidly rising rate of inflation across the industry. In a message to shareholders on Tuesday morning announcing the business’ third-quarter trading results, chief executive Brad Banducci said he backed a proposal from the Australian Retailers Association industry

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Coles sales surge despite pandemic, floods – but Covid costs $65 million

News / Dan Armes

Coles Group weathered what it described as significant Covid and flood-related disruptions during the third quarter to post a 3.9-per-cent lift in sales to $9.295 billion. The company said staff absenteeism related to isolation requirements during the Omicron outbreak led to “availability challenges and short-term impacts on Coles’ promotional program and disruptions to stores and

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Coles’ grim warning on supermarket price rises

News / Dan Armes

Coles boss Steve Cain has made it clear we are closer to the start than the end in terms of inflation on supermarket shelves. Thank goodness for bananas. Coles chief executive Steve Cain says the fruit is the supermarket giant’s best-selling product just now, helped by the fact it is a little yellow island of

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The factors influencing the cost of your next supermarket shop

News / Dan Armes

The cost of your weekly shop is about to spike again. Economists are predicting a sharp rise in grocery prices this week as inflation figures are released. Ritchies IGA CEO Fred Harrison said there were plenty of price increases coming through. “Over the last two years, manufacturers have absorbed many of the small increases,” Mr

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News

Coles and Woolworths to Increase the Cost of Products as Inflation Continues to Soar

Heartless thief snatches charity donations from a supermarket

Farmers accuse supermarkets of ‘ripping off’ consumers

Coles opens supermarket inside school for students

Instant grocery delivery app Send collapses

Metcash hires Goldman Sachs to weigh Superior Food Services bid

Supermarket giant Coles unveils its first electric truck

Woolworths, Aldi respond to reports of corruption at meat supplier JBS

Woolworths March quarter sales grow by 10pc

Woolworths boss calls for retail wages to increase amid rising inflation

Coles sales surge despite pandemic, floods – but Covid costs $65 million

Coles’ grim warning on supermarket price rises

The factors influencing the cost of your next supermarket shop

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