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ACCC to conduct enquiry on Australian supermarkets’ pricing and competition

Inside Retail

The pricing practices of Australia’s supermarket near-duopoly are about to the the focus of a year-long enquiry by the government’s competition regulator, the Australian Competition and Consumer Commission (ACCC). The ACCC will examine competition in the supermarket sector and how it has evolved since the previous inquiry in 2008.

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How Central Group aims to thrive amid global retail uncertainty

Inside Retail

The company operates a portfolio of 85 department stores, 87 home improvement superstores, 695 supermarkets, 41 hypermarkets, 13 wholesale warehouses and a slew of specialty retail brands across multiple categories, totalling 3844 sales locations in all. stores in Vietnam, compared to the number at the end of last year.

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What to know about Woolworths’ appointment of its first female CEO in 100 years

Inside Retail

The appointment of Amanda Bardwell as Woolworths Group’s next managing director and CEO, effective September 1, marks a historic moment for the parent company of Woolworths Supermarkets and Big W, which reported nearly $65 billion in sales last financial year. Supermarkets have long been the purview of male leaders.

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Lidl to close Walsall warehouse, 100 jobs at risk

Retail Gazette

Lidl is to close its Walsall warehouse, placing 100 jobs at risk, as it no longer meets its “operational requirements” The discounter has entered a consultation period with those impacted by the closure and is offering staff members the option between redundancy or redeployment when it closes in 12 months.

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Woolworths CMO Andrew Hicks resigns 

Inside Retail

Hicks will step down from the role on June 30 at the end of FY25, but will remain close to the business in a brand and strategy consulting capacity. He joined Woolworths in 2008 as national marketing manager of Dan Murphy’s and became GM of marketing for Woolworths Liquor Group in 2012. He has been CMO of the group since 2019.

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Former Coles CEO Ian McLeod reflects on a transformative career in retail

Inside Retail

McLeod drove change at UK supermarket group Asda in the UK ahead of its sale to Walmart, was chief merchandise officer and board member of Walmart Germany from 2000-01, led the turnaround of Halfords, the UK auto parts chain prior to its float – and then took the helm of Coles in Australia for five years from 2008.

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Mirakl Rakes in $555M in New Funding as Online Marketplaces Boom

Retail TouchPoints

The rate at which Mirakl is growing is a testament to the explosion of third-party marketplaces in recent years, as traditional retailers take a page out of Amazon ’s book in order to expand their online reach. “The Urban Outfitters and Carrefour , has raised $555 million in a Series E funding. Mirakl does have a head start though.