Tag: supermarkets

Woolworths responds to interim Grocery Code review

The interim report of the Review of the voluntary Food and Grocery Code of Conduct was released yesterday (8 April). Independent Reviewer Dr Craig Emerson announced eight firm recommendations, including that the Code...

Interim report on Grocery Code calls for harsher penalties

The interim report of the Review of the voluntary Food and Grocery Code of Conduct was released yesterday (8 April). Independent Reviewer Dr Craig Emerson announced eight firm recommendations, including that the Code...

Greens targets supermarkets with divestiture legislation

The Australian Greens will introduce a bill to parliament that would grant divestiture powers to target Australia’s supermarket duopoly. Commenting on the legislation, Greens Economic Justice spokesperson Senator Nick McKim says the giant...

ACCC highlights supermarkets in 2024 priorities

Consumer and competition issues in the supermarket sector and essential services are among the ACCC’s compliance and enforcement priorities for the year ahead. Speaking at a Committee for Economic Development Australia (CEDA) event...

Coles sales rise, profits drop

Coles has released its FY24 half-year results, with Group sales revenue rising by 6.8% to $22.2 billion and net profit falling 3.6% to $594 million. Supermarkets Supermarket revenue increased 4.9% to $19.8 billion....

Asda to open 21 new convenience stores by the end of January

Asda will be adding a host of new convenience stores to its estate by the end of the month. The announcement comes as the retailer continues its program to convert the convenience stores...

Woolworths releases first quarter results

Woolworths has released its 2024 first quarter results, with Group sales revenue increasing 5.3% to $17.22 billion. Across the retailer’s Australian food division, total sales increased 6.4% to $13.1 billion. “Importantly for our customers,”...

Coles records 3.6% increase in first quarter sales

Coles has released its 2024 first quarter results, with Group sales revenue increasing 3.6% to $10.25 billion. The retailer’s supermarkets recorded sales revenue of $9.2 billion during the first quarter, an increase of...
Advertisment

Most Popular