The Australian Food and Grocery Council (AFGC) believes the new Grocery Code will have “real teeth” and is slightly different to the Grocery Inquiry of 2008 and the subsequent Horticulture Code. “We believe this code will strike the right balance and while we need an effective, competitive market, it will be an instrument of Parliament, […]
Grocery Code a re run of 2008 or will it have real bite? Read More »
Calls for reforms to penalty rates were made over the last week by key industry groups the Australian Retailers Association and the Australian Chamber of Commerce & Industry (ACCI) as Australia’s youth unemployment rate reaches a 12-year high. Peak retail industry body the ARA said reducing penalty rates is a crucial step in creating higher
Industry call for penalty rate reform, as youth unemployment spikes Read More »
Woolworths and Coles continue to open new supermarket and liquor stores unabated and move into country towns, high streets and suburbs, facilitated by compliant councils and state governments, taking more market share away from independent retailers. While the two majors are signing a code of conduct for their trading relationships with suppliers, their capacity expansion
Call to reign in rampant supermarket majors, losses hide in food & liquor reporting Read More »
Large retailers are gaining volume discounts on credit card interchange fees, while small-medium-sized retailers including convenience stores are being slugged with much higher credit and debit card and eftpos ‘interchange’ fees than large national chains such as Coles and Woolworths. This is happening under an interchange fee system that hasn’t changed much since 2006-08, regulated
Small retailers slugged for interchange credit card fees Read More »
Australian Bureau of Statistics Retail Trade figures released today show that Australian retail turnover rose 0.4% in July 2014, seasonally adjusted, following a rise of 0.6% in June 2014. The largest contributor to the rise was cafes, restaurants and takeaway food services (1.4%) followed by food retailing (0.5%), department stores (1.9%) and clothing, footwear and
Rates, earnings forecasts, retail trade data combine for a bright outlook Read More »
