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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. billion in 2024. Myer One currently has about 4.2

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Woolworths’ ballooning underpayments muddy a strong half

Inside Retail

Specifically, the retail conglomerate said it had incorrectly accounted for long service rules across various states, as well as failing to properly pay team members overtime rates. Supermarkets were strong, Big W struggled. million, though due to a higher cost of doing business net profit fell 6.5

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How dated stores could hurt Thai retail giant Big C’s sales rebound

Inside Retail

This was accompanied by a gross profit margin increase from 15.1 per cent and a net profit margin after tax of 3.4 Third quarter gross profit was particularly strong, coming in at 16.9 There is some muted good news: in the first nine months of the year, the business enjoyed a sales increase of 6.1 per cent to 16.5

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Analysis: Why Premier Investments is bullish about the future

Inside Retail

The big chains have almost certainly gained market share from a legion of small retailers as a result of Covid-19 trading restrictions, like supermarkets and hardware stores, which have benefited from trading exemptions. million net profit from $784.6 million in global sales. million – 26 per cent of the retailer’s $784.6