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What Coles and Woolworths chiefs told the supermarket pricing inquiry 

Inside Retail

The CEOs of supermarket giants Coles and Woolworths stated their cases to the Senate inquiry this week as the government looks into the allegations of price gouging and anti-competitive practices. For Coles, the supermarket chain makes $2.60 And, it is consistent with profit margins made by supermarkets overseas,” she explained.

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Opinion: Why the current supermarket inquiries are so threatening 

Inside Retail

Over the decades, Australia’s major supermarkets have emerged from various parliamentary and regulatory agency inquiries, not to mention political, media, union and consumer group pressures, relatively unscathed. This time supermarkets are caught in a political quagmire and the repercussions of an economic and social reset.

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Aussie supermarkets can expect softer demand ahead, say analysts

Inside Retail

Australian supermarkets will reap bigger profits in fiscal 2023 half-year due to decades-high inflation and increased savings, but analysts warned of a rough second-half as households reel from mounting expenses due to higher cost of living. Analysts at Citi also expect benefits from selling prices rising faster than cost bases.

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Uber Debuts Package Return Service

Retail TouchPoints

Uber has introduced a package return service that provides consumers with live tracking within the Uber app. With this extension of the Uber Connect service, couriers will pick up prepaid, sealed packages — up to five at a time — and deliver them to a local post office, UPS or FedEx location.

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Lidl and M&S remain fastest-growing supermarkets

Retail Gazette

Lidl and M&S have retained their crowns as the UK’s fastest-growing supermarkets over the last 12 weeks. The news comes as the NIQ found total till sales at UK supermarkets saw continued growth of 6.6% boost as poor weather kept shoppers at home in January, while in-store shopping only grew 5.3%. in January.

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Panic buying is back. Are supermarkets better prepared?

Inside Retail

Videos and images of bare toilet paper shelves have once again surfaced online as consumers fall into old habits, forcing supermarkets to bring back purchase limits on high demand items. Varying approach from supermarkets . Aldi Australia does not have any product restrictions in place at this time.

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Are members-only supermarkets the future of grocery?

Inside Retail

Two new stores opened last week, offering a supersized format of Alibaba’s Freshippo supermarkets to paying members. Jiong-Jiong Yu, a senior retail analyst at UK-based research firm IGD, says that Stock X is a much more localised take on hypermarkets. The rise in members-only supermarkets . Localised luxury .