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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’ 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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Retail appointments of the week

Inside Retail

BWX CEO departs amid flagging results By Dean Blake Global beauty and personal care business BWX’s group chief executive and managing director Rory Gration is departing the role after only 12 months, having served through a period which the business called “highly challenging and disruptive”.

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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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How Coles’ half-year results underscore Cain’s legacy

Inside Retail

After five years at the helm, Cain will be handing over the reins to Coles’ chief of commercial and express Leah Weckert on 1 May. While Cain’s resignation came as a surprise, he told analysts on Tuesday that he had always intended for his role at Coles to be his last executive position.

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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. But it turned out that the emporium of toys, games and fun could not in the end withstand the relentless competition and margin hits from the internet and supermarket retailers.

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“Building for the future”: Inside Endeavour Group’s plan for digital

Inside Retail

After spinning off from supermarket giant Woolworths, Endeavour Group completed its first year as an independent business with an impressive result this week. Group net profit rose 11 per cent to $495 million compared to a year prior, as did earnings per share which rose to 27.6 cents per share. Sobering research.

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