After a year-long process, Woolworths has received approval from the competition authority to acquire a majority stake in PETstock, a prominent player in the pet industry. The agreement, initially valued at $586 million, has been revised to $438 million for a 55% share in Petspiration Group, operating as PETstock, totalling an enterprise value of approximately […]
ACCC: Woolworths’ PETstock Acquisition Approved Read More »
Senator Gerard Rennick, a key figure in the investigation into diminishing banking services, has endorsed Woolworths’ controversial decision to lower its cash withdrawal limits. Rennick, a member of the government committee probing bank closures in rural Australia, stated to news.com.au that Woolworths is not a bank and shouldn’t bear the burden of providing cash. He
Senator Backs Woolworths’ Cash Withdrawal Limit Cut Read More »
Metcash, the operator of IGA supermarkets, is strategising to become Australia’s preferred supermarket by focusing on reducing prices in its smaller and medium-sized stores. This move aims to attract value shoppers and intensify competition with major rivals Woolworths and Coles. Doug Jones, Metcash’s CEO, is determined to change the perception that IGA stores are pricier
IGA Targets Top Spot in Australian Supermarkets Read More »
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
Senate Inquiry Targets Coles, Woolworths for Possible Price-Gouging Read More »
Woolworths Group CEO Brad Banducci recently addressed concerns over self-service checkouts in a customer email. He countered the belief that these checkouts reduce employment, asserting that Woolworths has more staff than ever, including 5500 new Personal Shoppers for online orders. Banducci’s update follows discussions about whether Woolworths and Coles would revert to only manned checkouts,
Woolworths CEO Addresses Self-Service Checkout Concerns Read More »
Uber Eats is introducing a new policy requiring a minimum spend for grocery deliveries. Orders under $10 will incur a $2.99 fee. This additional charge will be added to existing delivery and service fees, which starts next week. However, this does not apply to takeaway orders from cafes and restaurants. The charge is specifically for
Uber Eats Introduces Minimum Spend Fee for Grocery Deliveries Read More »
Consumer advocacy group CHOICE has publicly criticised Coles and Woolworths, two major supermarket chains, for taking advantage of the current cost-of-living crisis. This rebuke was made as part of CHOICE’s 18th annual Shonky Awards, which aim to highlight the most subpar products and services identified by the organisation over the past year. The recipients of
CHOICE Awards Coles and Woolworths with Shonky Honors Read More »
Employees from the two major supermarkets in Australia, Coles and Woolworths, are set to strike this weekend, seeking improved pay and work conditions. This action is being recognised as Australia’s first-ever nationwide supermarket strike. The planned two-hour strike will occur on Saturday at 10 a.m. in regions including Victoria, NSW, Queensland, Western Australia, the ACT,
Coles and Woolworths Workers Launch Historic National Strike Read More »
A recent study revealed inconsistent representations of vital product information, such as nutrition and allergen details, in the online listings of major supermarkets, Coles and Woolworths. This has led to questions about the current food labelling regulations’ suitability in the age of e-commerce. The research, named “Current food labelling practices in online supermarkets in Australia”,
Coles and Woolworths Address Online Food Labelling Concerns Read More »
Vivienne Mitchell’s brief TikTok video conveys a powerful message that has garnered widespread attention. Highlighting the economic disparities, she notes in her video, “In Australia, some have to work for two hours to buy an eight-pack of razors.” She contrasts this with a subsequent clip of the razors priced at $10 in a different store.
Rising Profits Spark Debate on Supermarket Dominance in Australia Read More »
A mischief-maker has been altering promotional labels in two leading supermarkets to express discontent over the rising living costs. This action follows the announcement of Coles and Woolworths generating a staggering $1.1bn and $1.6bn in profits, respectively last financial year. These altered tags, which look like discount price labels, have been appearing in both supermarket
Activists Use Mock Tags to Highlight Cost-of-Living Crisis Read More »
Woolworths is set to probe unauthorised deductions from supplier payments following revelations by an independent supermarket reviewer of an industry-wide issue. The $145bn national food and grocery manufacturing sectors have spotlighted unauthorised invoice deductions by leading supermarket chains, such as Coles and Aldi. They are urging the federal government-appointed independent reviewer to directly address this
Woolworths Probes Unauthorised Supplier Deductions Read More »
Your local Woolworths may be undergoing significant changes as it intensifies its strategy to transform numerous existing stores into its smaller Metro brand. This move has raised concerns among some customers, fearing a reduction in everyday items, an increase in self-serve checkouts, and potential price hikes. A resident from Sydney voiced that this was a
Woolworths Expands Metro: Tailoring to Local Needs Read More »
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