JB Hi-Fi sales down as shoppers pull back
The string of interest rate rises and cost of living expenses is finally denting consumer demand, with retailer JB Hi-Fi warning of slowing sales.
The string of interest rate rises and cost of living expenses is finally denting consumer demand, with retailer JB Hi-Fi warning of slowing sales.
The packaging giant has cut its annual earnings guidance as it faces weaker demand, particularly in North America and Europe, for consumer goods.
The retail giant is seeing more of its shoppers grab cheaper private label groceries to combat cost of living pressures, with some ‘own brand’ groceries jumping 20 per cent.
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Patrons are continuing to toast the end of Covid-19 lockdowns as Dan Murphy’s, BWS and pubs owner Endeavour Group reveals a surge in sales.
The nation’s largest convenience and fuel retailer 7-Eleven is up for sale with the billionaire Withers family starting a sale process of the well-known retailer.
Meat processors report a ‘serious shortfall’ in carbon dioxide, which is critical in the processing and manufacturing of products.
The retailer is investing in new fulfilment centres and warehouses, as well as private label stationery, as consumers look to save money in the face of cost of living pressures.
Transurban chief executive Scott Charlton says the toll road operator is prepared to step in and fill the potential gap from a pull back in government spending.
There are growing concerns within the supermarket, food, grocery and beverages industries that a carbon dioxide shortage might threaten the supply of hundreds of consumer products.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/57