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Coles and Woolworths

supermarket

Fresh Competition on the Horizon: What It Could Mean for Independent Supermarkets

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Australia’s retail landscape may soon face a shake-up, with discussions underway about bringing a major Middle Eastern supermarket chain into the local market. The idea comes as concerns grow that overseas customers often pay less for Australian beef and other staples than shoppers do here at home, even though those same goods are produced in […]

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price gouging

Supermarkets Push Back Against Price Gouging Claims

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Fred Harrison, CEO of Ritchies supermarkets, expressed frustration over Prime Minister Anthony Albanese’s recent comments accusing supermarkets of “price gouging.” With over 50 years in the industry, Harrison believes such claims unfairly tarnish the sector and cause unnecessary stress for supermarket employees. Supermarkets, he argues, have become an easy target. He insists that Ritchies, like

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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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Coles & Woolworths

Coles & Woolworths: 2023 Profits Amid Challenges

News /

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

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