Rising interest rates

Metcash Implements Changes in Supplier Payments

Metcash is attributing changes in supplier payments to the impact of rising interest rates and customer demands for extended discounts. The company, which is Australia’s largest food and grocery wholesaler for independent supermarkets, has given a five-month notice to suppliers, requesting faster payment processing. During a recent supplier conference, Metcash CEO Doug Jones urged supermarket […]

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

News / Dan Armes

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,

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