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How scrutiny over prices could impact Coles’ and Woolworths’ loyalty programs

Inside Retail

In Australia, the growing importance of loyalty programs could be seen in the half-year results of both Coles and Woolworths , the country’s leading supermarkets, which reported that the e-commerce, digital and loyalty aspects of the business were responsible for strong growth. million having purchased products at the members-only price.

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Coles pockets $1 billion profit as Smarter Selling pays off

Inside Retail

Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8

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Woolworths declares $2bn share buyback as profit hits $2.07bn

Inside Retail

Woolworths has announced a $2 billion share buyback following the demerger of its drinks business Endeavour Group and a strong year at the supermarket checkouts. per cent lift in net profit to $2.07 Physical supermarket sales increased by 2.0 Sales at rival Coles Liquor in comparison was $3.5

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Meijer marks supercenter’s 60th anniversary

Mass Relators

“The opening of ‘Thrifty Acres’ in June 1962, was history in the making, although I’m not sure our dad and grandfather realized it at the time,” Meijer Executive Chairman Hank Meijer said. In 1955, one of the small company’s supermarkets added a department to sell general merchandise. . — Meijer Inc.