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...
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 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 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 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 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...
Woolworths has released its 2023 third quarter results, with Group sales revenue increasing by 8% to $16.34 billion.
Across its Australian Food division, sales increased 7.6% in Q3 to $12.3 billion with Woolworths...
Woolworths has released its 2023 half year results, with Group sales increasing 4% to $33.2 billion.
Across its Australian Food division, sales increased 2.5% in the half to $24.4 billion (3-yr CAGR: 5.5%) driven...
