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

Inside Retail

The loyalty market in the Asia Pacific (Apac) region is expected to grow by 11 per cent annually, to reach US$52.05 million in total and during FY23 almost 75 per cent of all purchases made at Myer were linked to a Myer One account. million having purchased products at the members-only price. billion in 2024.

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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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Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

Eighteen months on, the excitement around the merger is beginning to dissipate, as Lotus’s toils in a fiercely competitive market with a cash-strapped core customer. In its first quarter results released in May, the Makro side of the Siam Makro business reported year-on-year sales growth of 13 per cent, with same-store sales growth at 10.9

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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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Retail appointments of the week

Inside Retail

per cent, EBITDA fall 650 per cent, and net profit free-fall 1,767 per cent to a $100 million loss. “I Additionally, Coles’ former chief marketing officer Lisa Ronson has joined the business as an independent non-executive director of the company’s board, as well as the chair of its people and culture committee.

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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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Woolworths makes sales strides, but profit drops during Omicron challenges

Inside Retail

Group net profit after tax on continuing operations declined by 6.5 E-commerce sales were estimated at $3.48 Across its Australian food division, total sales growth was solid at 3.4 However, earnings before tax and interest fell 11 per cent to $1.38 per cent to $795 million. per cent to $1.2 per cent to 13.3