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Woolworths profit falls 20.6 per cent amid strikes, changing consumer habits

Inside Retail

Woolworths Group booked lower profit in the first half, attributed to the 17-day industrial action impacting its supermarket business last December and a trend of customers seeking more value when shopping. The group’s net profit fell 20.6 The post Woolworths profit falls 20.6 per cent to $1.45 per cent to $35.93

Consumer 243
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Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

At opposite ends of the political spectrum, the National Party and the Greens both argued that divestment provisions should be incorporated into federal competition laws to ensure fair trading with suppliers and consumers. billion net profit for the last financial year, with a year-high share price of $19.40 to as low as $29.19

Consumer 246
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Victorian supply chain disruption drags Endeavour’s revenue, profit

Inside Retail

Endeavour Group’s net profit declined in the first half, impacted by the Victor ian supply chain disruption during the peak end-of-year trading period. The group’s net profit fell 15.1 per cent to $298 million while sales slid 0.7 per cent to $6.62 Retail sales declined 1.5 per cent to $5.5

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Super Retail’s profit declines as inflationary pressures necessitate discounting

Inside Retail

Super Retail Group’s net profit fell in the fiscal first half amid inflationary pressures affecting the cost of doing business. The group’s statutory net profit declined 9 per cent to $130 million despite sales increasing 4 per cent to $2.11 Both Supercheap Auto and Macpac’s sales rose 1.7

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Analysis: Coles, Woolies’ shrinking product ranges are all about the bottom line

Inside Retail

The product offering changes come as the Australian Competition and Consumer Commission is due to hand the final report from its inquiry into the supermarket sector to the Treasury on February 28. However, Australias leading supermarkets are changing tack. In doing so, they are following a model already proved successful by Aldi.

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What’s driving the transformation of China’s department stores?

Inside Retail

With malls, e-commerce giants, and niche retailers vying for consumer attention, these legacy institutions must reimagine their purpose in an increasingly digital and experience-driven retail environment. Once seen as a staple of urban retail, department stores in China are undergoing a transformative reinvention.

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Inside Pop Mart’s playbook for current and future success

Inside Retail

Meanwhile, net profit soared to RMB3.4 Immersive offline stores will remain essential, offering vibrant designs, themed displays, and social spaces to engage young consumers. Pop Mart sees untapped potential in expanding to new markets and deepening connections with local consumers. This marks an impressive 106.9