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inflation

Brad Banducci

Woolworths CEO Brad Banducci appears at South Australian grocery price inquiry

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According to CEO Brad Banducci, Woolworths, a leading supermarket giant, is prepared to accept lower profits if it means delivering significant value to its customers. During a session with the South Australian legislative council investigating grocery prices, Banducci defended Woolworths’ $1.62 billion profit in 2023. He emphasised that the company would prioritise customer benefits over […]

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Coles

Coles Supermarkets Sees Sales Growth Thanks to Smart Campaigns

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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

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price

Senate Inquiry Targets Coles, Woolworths for Possible Price-Gouging

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The Australian supermarkets Coles and Woolworths have been cautioned against raising prices before Christmas. This warning comes as they are set to face a Senate inquiry, a demand made by the Greens.  The inquiry, announced by Greens senator Nick McKim, aims to investigate these supermarkets’ price-gouging allegations. McKim emphasised the importance of the inquiry in

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supermarket duopoly

Australia’s Supermarket Duopoly: Navigating Price and Competition Challenges

News /

Canada is pressuring supermarkets to reduce prices by threatening heightened taxes and regulations, but such tactics might not be as effective in Australia due to its powerful supermarket duopoly. The Canadian public and opposition are criticizing Prime Minister Justin Trudeau’s government for not addressing the soaring cost of living and escalating grocery bills. In response,

Australia’s Supermarket Duopoly: Navigating Price and Competition Challenges Read More »

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

Coles & Woolworths: 2023 Profits Amid Challenges Read More »

frozen foods

Consumer Shift to Value and Frozen Foods: Metcash CEO

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Metcash CEO Doug Jones has observed a shift in consumer behaviour as shoppers prioritise value, opting for private label groceries and transitioning from fresh to frozen foods. The food, liquor, and hardware wholesaler is grappling with high inflation and a series of interest rate hikes.  Independent supermarkets aligned with Metcash, such as IGA, Foodland, and

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metcash

Metcash Boss: Consumers Shifting to Private Label and Frozen Foods

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Metcash, one of Australia’s leading wholesale distribution and marketing companies, has undergone a change in leadership, with Grant Ramage appointed as the new chief executive of their supermarket division. As he oversees as many as 1600 independent supermarkets across the country, Ramage has noticed a shift in consumer behaviour since the start of the year,

Metcash Boss: Consumers Shifting to Private Label and Frozen Foods Read More »

coles

Coles customers turn to value offers & private label groceries amid rising costs

News /

Coles has acknowledged at a recent forum that its customers are feeling the impact of rising interest rates and cost-of-living expenses, leading them to seek out sales and promotions to help stretch their household budgets. Coles executives told its food and grocery suppliers that customer trust on the issue of value was becoming more crucial,

Coles customers turn to value offers & private label groceries amid rising costs Read More »

Inflation

Woolworths’ $907 Million Profits Despite Rising Grocery Prices and Inflation

News /

Woolworths, one of Australia’s largest supermarket chains, has announced profits of $907 million in its half-yearly results. This comes amid rising inflation and a significant increase in grocery prices for customers. Woolworths CEO Brad Banducci attributed the positive results to improving the customer shopping experience, restoring operating rhythm, and a reduction in COVID costs compared

Woolworths’ $907 Million Profits Despite Rising Grocery Prices and Inflation Read More »

Woolworths

Woolworths customers trade in to affordable luxury amid inflation

News /

Woolworths CEO Brad Banducci has recently reported that the company’s December half results represent a return to something approaching normality after three years of pandemic-related profit fluctuations. However, customers are once again choosing to eat at home, which was a popular trend during the pandemic. Banducci refers to this trend as “trading in,” where customers

Woolworths customers trade in to affordable luxury amid inflation Read More »

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