A small Victorian milk company, Gippsland Jersey, faces a major challenge after supermarket giant Coles removed its products from 65 stores. This decision comes after the company refused to provide Coles with a bigger profit margin. Starting next month, Gippsland Jersey milk will be available in only about 16 Coles supermarkets across Victoria. This leaves […]
Gippsland Jersey Dropped by Coles Read More »
Responding to the outbreak of bird flu at five farms in Victoria, Coles Supermarkets have taken proactive steps by enforcing a purchasing limit of two cartons of eggs per customer. This measure is not only addressing the supply chain disruptions but also ensuring that more customers can access eggs, thereby maintaining a sense of normalcy
Coles Limits Egg Purchases Amid Bird Flu Outbreak in Victoria Read More »
Australians’ trust in Coles and Woolworths has plummeted, according to Roy Morgan’s latest quarterly rankings. Woolworths, which had been the top trusted brand since May 2020, has dropped to the 34th position, following accusations of price-gouging alongside rival Coles. Coles has suffered even more, plummeting a record-breaking 221 places to become the ninth least trusted
Trust in Coles and Woolworths Plummets Amid Price-Gouging Allegations Read More »
Fiona Mackenzie, the group’s head of property, warns that skyrocketing construction costs are hindering Coles’ ambitions to build new supermarkets amid a population surge, potentially leading to higher grocery prices. Addressing developers at a Melbourne industry lunch, Mackenzie highlighted the growing challenges. Driven by a departure from Victoria, her team identified several promising locations in
Coles Warns Construction Woes May Hike Grocery Prices Read More »
Independent supermarkets in Queensland are facing severe challenges due to the dominant market presence of major retailers Woolworths and Coles, an inquiry has heard. Wayne Mason, the Queensland operations manager for Australian United Retailers, which represents 103 independent FoodWorks supermarkets in the region, raised concerns about the impact of these large supermarkets on smaller, community-based
Rural Queensland Supermarkets Threatened by Major Chains Read More »
Woolworths CEO Brad Banducci recently acknowledged that competitor Coles had outperformed his company during the last quarter. Woolworths faced challenges like unpopular promotions, supply chain disruptions, and cautious consumer spending habits, leading to lower-than-expected sales. This widened the gap between Woolworths and Coles and missed analysts’ predictions. Banducci, who will soon step down, leaves behind
Departing CEO Brad Banducci concedes that Woolworths was “out-traded” by Coles Read More »
Coles has reported impressive sales figures for its supermarkets, with a 5.1% increase in revenue over the last quarter. The retail giant credits this growth to well-planned seasonal campaigns and the expansion of its own product lines. In its latest quarterly sales update released on Tuesday, Coles revealed that its supermarket revenue hit an impressive
Coles Supermarkets Sees Sales Growth Thanks to Smart Campaigns Read More »
Woolworths faces a potential squeeze on its profit margins as it takes action to compete with its smaller rival, Coles. Coles has recently been outpacing Woolworths in terms of sales and market share growth, marking a shift in the competitive landscape. Despite this, Coles still trails behind Woolworths regarding food division profits. Analysts have noted
Woolworths Faces Margin Pressure in Battle Against Coles Read More »
Opposition Leader Peter Dutton has made strong accusations against Coles and Woolworths, claiming that they are hindering competition by holding onto undeveloped land near their stores. He has pledged to take action to safeguard consumers from potential price hikes. The Coalition is devising a plan to forcefully dismantle the dominance of these supermarket giants if
Opposition Leader Calls for Action Against Coles and Woolworths Read More »
Amid ongoing government inquiries into supermarket practices, experts are already predicting potential financial blows for major players like Woolworths and Coles. Before these investigations conclude, analysts are weighing the potential impact on these industry giants’ profits. Australian federal and state governments are actively engaging with the supermarket chains, prompting them to take preemptive measures against
Supermarket Giants Brace for Profit Hits Amid Government Scrutiny Read More »
In a recent communication to packaged food and grocery suppliers, Jonathan Torr, a top executive at Coles, emphasised the importance of cost reduction in response to consumer concerns about affordability. With living expenses increasing and pressure from both consumers and regulators to lower shelf prices, Torr stressed that cutting costs is a shared responsibility between
Coles Urges Suppliers to Cut Costs Amidst Rising Living Expenses Read More »
Coles CEO Leah Weckert has confirmed a decrease in requests from food and grocery suppliers for price hikes to counter the impact of high inflation. This suggests that Coles may soon lower its prices, responding to both consumer demands and political scrutiny regarding its market dominance. Recent reports revealed that Coles had urged some suppliers
Coles CEO Notes Decrease In Suppliers’ Demands For Price Hikes Read More »
In a recent announcement, Coles’ CEO Leah Weckert has revealed exciting news for savvy shoppers on a budget. She predicts more discounts and special offers to come at Coles, as the company’s research indicates that many customers are feeling the pinch, especially with mortgage repayments. Despite Coles Group reporting an 8.4% drop in net profit
Coles Experiences Decline in Profits Despite Increase in Sales Read More »
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