Coles boss denies private label used to undercut suppliers
Coles CEO Leah Weckert has told the ACCC inquiry into supermarkets that private label isn’t being used to undercut suppliers of branded groceries or weaken their bargaining power.
Coles CEO Leah Weckert has told the ACCC inquiry into supermarkets that private label isn’t being used to undercut suppliers of branded groceries or weaken their bargaining power.
The footwear retailer released a trading update at its annual general meeting that showed a marked slowdown in sales growth and weaker margins.
The furniture retailer is facing significant delivery delays after being forced to go to Federal Court to secure shipping containers.
Questions have been raised about the impact of supplier rebates on Woolworths’ profit and executive bonuses at the second ACCC hearing into supermarkets that also included a notable surprise.
KMD Brands, the owner of Kathmandu, Rip Curl and Oboz, is pinning its hopes on a bounce in sales from the crucial Black Friday and Christmas trading period as sales for all its brands continue to dive. Shares hit record low.
Woolworths boss Amanda Bardwell has been asked about internal documents showing the retailer’s strategy around buying and holding land.
The proliferation of the illegal tobacco trade and the dominant power of Woolworths and Coles are weighing on Fred Harrison’s independent supermarket chain, Ritchies.
Gen Z and Gen Y are rushing to Guzman Y Gomez stores for its cheap but healthy Mexican food to take the fight to fast-food giants like McDonald’s and KFC.
Wholesaler Metcash has told an ACCC public hearing into supermarkets that the independent chains it supplies are a vital ingredient for competition and choice in the sector.
New technology is coming to your local Coles store, as the retail heavyweight prepares to trial an AI-powered smart trolley that allows people to pick, weigh and pay for their groceries.
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