Business matters

Master Grocers calls for supermarket code, backs ACCC competition approach

310 Comments / Business matters /

Masters Grocers Australia (MGA) and Liquor Retailers Australia (LRA) has made a submission to the Competition Policy Review Final Report in late May and called for a separate Supermarket and Liquor Retailer Industry Code. The independent retailer association said that the Draft Competition Policy Review Report released 22nd September 2014 does suggest that, “codes of […]

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Major write-down for Metcash, moves to continue transformation plan

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Metcash Limited, the grocery wholesaler to independent groups of grocers and convenience stores such as Supa IGA, IGA, FoodWorks, Friendly Grocer and Lucky 7, has announced a write-down in the value of its assets by $640 million. The Group’s underlying earnings (EBIT) for FY15 will be within the guidance range provided to the market of

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Woolworths sees Aldi/Coles as threat, wants customers to put them first

Leave a Comment / Business matters, Other FMCG Retailers, Retailer news /

Woolworths aims to win the trust of its customers “and increase its share of their food spend ” through a program of lower prices and improving all aspects of their shopping experience. Recognising that lower prices are not the only strategy to win the hearts and minds of consumers, Woolworths Food Group Managing Director, Brad

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ANZ-Roy Morgan Consumer Confidence holds recent gains

639 Comments / Business matters /

ANZ-Roy Morgan Consumer Confidence fell 1.0% to 113.5 last week, following strong growth in the previous fortnight. Confidence has been trending above its long run average for two continuous weeks, following a five month run of below average growth. Confidence remains well above levels this time last year (14.3%), following the release of the 2014

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Nationals back ombudsman for Grocery Code of Conduct as Coles, Woolworths slow to sign

Leave a Comment / Business matters, General/grocery, Retailer news /

The federal government’s Food and Grocery Code of Conduct was debated in a Senate inquiry in May, two years after it was first proposed. Now National Party Senators have called for an ombudsman to be appointed as a Senate report urged Coles and Woolworths to immediately sign on to the Code. Queensland Nationals Senator Matt

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Campbell’s sales fall on cost cuts & repositioning, but Arnott’s performs

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The Campbell Soup Company has posted a sales fall of 4% to US$1.9 billion, primarily due to negative currency impact, while on an organic basis, sales decreased 1% on lower volume, partly offset by lower promotional spending and higher selling prices. Satisfactory results were seen in the Arnott’s business in Australia and Indonesia. Denise Morrison, Campbell’s

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