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Coles’ challenges for the year ahead: reining in costs and retail crime

Inside Retail

Despite consumers’ changing spending habits, Coles delivered a positive result on Tuesday, with sales at the Australia supermarket chain slightly up year on year. And while net profit was slightly down from FY22, this still resulted in more than $1 billion being added to the business. Is inflation embedded?

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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 Online penetration for supermarkets is quite interesting – 8.5

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To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

The toy seller, which at its peak had more than 1,500 stores around the world, was part of the fabric of American childhood for more than half a century. Toys ‘R’ Us once boasted a prime location in New York’s Time Square while also inhabiting many large out-of-town buildings in retail parks in key towns and cities in the U.S.

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Ahold Delhaize sees continued growth in Q1

Mass Relators

Net sales were €18.3 at constant exchange rates. Growth in our leading local omnichannel platform also sequentially accelerated, with nearly 190% net consumer online sales growth in the U.S. and nearly 80% growth in Europe in the quarter, at constant exchange rates. billion ($22.1 billion), up 5.8% compared to 2019.

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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.