Flight to value for shoppers as food costs soar
Australians facing steeper interest rates and soaring cost of living are switching to cheaper cuts of meat and private label groceries to make their dollar go further.
Australians facing steeper interest rates and soaring cost of living are switching to cheaper cuts of meat and private label groceries to make their dollar go further.
The boss of the nation’s largest supermarket chain says consumers are buying cheaper label beauty and grocery brands, canned and frozen food to cope with pressures on household budgets.
Domino’s Pizza shares crashed 25 per cent after it admitted delivery price hikes designed to help it cope with inflation turned off customers and sent sales plummeting.
The 109-year-old supermarket giant has appointed its first female chief at a time when consumers are seeking cheaper private-label groceries.
More and more Aussies are turning to DIY haircuts and beauty treatments at home to save money, according to Shaver Shop.
Poor weather conditions and a late start to summer has hurt Best & Less’ interim profit and outweighed strong trading through Christmas.
The home furnishings’ retailer warns its annual earnings will be pushed lower than previously guided due to elevated supply chain costs.
Fuels retailer Ampol expects buoyant trading conditions – which spurred record annual earnings and a bumper dividend payout to shareholders – to continue in 2023.
The Australian sharemarket is expected to open lower on Monday ahead of a week dominated by a flurry of corporate results from some of the nation’s largest companies.
Drinks giant Coca-Cola will raise prices for its portfolio of soft drinks this year to cope with inflationary pressures within its bottling business.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/65