Australia news

Woolworths Group Ltd will acquire a 55% stake in Petspiration Group with funds from a 5.5% stake sale in alcohol retailer Endeavour Group. Reducing stake in Endeavour Group Woolworths spun off Endeavour Group in mid-2021, retaining just 9.1% of the business. The decision to reduce its stake came shortly before it announced its intention to buy the pets business.   New avenues of growth ...

Metcash has reported strong half year results for FY23 with revenue up 8.2% to AUD7.7 bn (US$5.2 bn) and EBIT up 10.9% to AUD231m (US$155m) while cycling the impact of extensive lockdowns. We highllight the key learnings and assess the outlook for H2: 1. Food pillar performing well, underpinned by strong demand Food sales increased 3.1% to AUD4.7 bn (US$3.2 bn). On a three-year basis, food ...

Woolworths' Metro60 service will offer a Santa and a photographer with groceries delivery for a limited period. How does it work? The service is available in limited suburbs in Sydney and Melbourne this week Shoppers need to spend a minimum delivery order of AUD20 (US$14) and opt in by using a promo code SANTA A photographer, a Santa and their groceries will be deliv...

Coles Group has shaved 30 minutes off its click and collect boot delivery service at its Southland store in Victoria. Largest collection point  The store at Southland, Victoria will have the widest range of items and click and collect ready in 60 minutes. The range for this service is extended to 20,000 products, including items like hot roast chicken. New technologies, such as digital scal...

British food delivery service Deliveroo has closed its Australian business, due to challenging economic conditions. The company announced the closure on Wednesday 16 November and said the decision was effective immediately, with the company website and app disconnected immediately. Source: Deliveroo Is the quick commerce model starting to show signs of strain? Chief operating of...

Woolworths Group Q1 F23 sales is up 1.2% to AUD16,583m (US$10,549m) but food businesses sales are below the prior year. Australian Food sales declined despite higher prices Australian Food is down 0.5% to AUD12,204m (US$7,763m) while like-for-like sales declined by 1.1%. Average prices increased 7.3% compared to Q1 F22. There is a double-digit inflation in fruit and vegetables driven by inc...

Woolworths is launching a series of price promotions for the festive season. Different mechanisms for saving money Woolworths is helping Australians save money through different discount programmes this Christmas: Prices frozen for Christmast essentials: Woolworths half leg ham, WA rock lobster, cooked Australian tiger prawns, Woolworths 500 grams pavlova base, Maggie Beer gravy, and ...

Coles has sent a note to suppliers that it is considering price hikes only when well-justified. Balancing shoppers needs against competitive environment Coles will consider price increases that is based on raw materials or packaging increases for example. Price hikes are considered on a case-by-case basis. However, it will not be entertaining unjustified price increases. The letter to su...

Coles’ Q1 FY23 reached AUD9.9 bn (US$6.4 bn) up 1.3%, but a slow down from the previous quarter’s 3.3% jump. Food inflation leading to change in shopping habits Supermarket sales rose 1.6% to AUD8.8 bn (US$5.6 bn) with like-for-like sales growing by 2.1%. Coles said first quarter food inflation rose to 7.1%, following a 4.3% rise in the June quarter. The rise in prices is being driven by ba...

Coles is Australia's first major retailer to use drones for delivery. Service will deliver in minutes Coles is partnering Wing delivery to pilot a service in South East Queensland to provide on-demand drone delivery. The Coles drone delivery expansion follows a successful pilot programme in Canberra this year. Some of the popular items made during the pilot phase include fresh fruit, milk, ...