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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. Physical supermarket sales increased by 2.0 billion, impacted by low market growth in the first half and the restrictive lockdown in H2, and EBIT dropped 4.6

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Aldi vs Lidl: Who will win the battle of the discounters?

Retail Gazette

With the cost-of-living crisis at the forefront of shoppers’ minds, it’s no surprise so shoppers have jumped ship from the traditional big four supermarkets to discounters. Store expansion may have slowed for Aldi last year and it seems to have quietly dropped its long-term goal of having 1,200 stores by 2025.

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South African retailers looted, trashed as violence engulfs country

Inside Retail

Crowds clashed with police and ransacked or set ablaze shopping malls in cities across South Africa on Tuesday, with dozens of people reported killed, as grievances unleashed by the jailing of ex-president Jacob Zuma boiled over into the worst violence in years. Unfulfilled Promise.

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Sainsbury’s profit surges despite supply chain pressures

365 Retail

The supermarket giant reported a 23% hike in underlying pre-tax profits to £371 million for the 28 weeks to September 18. The supermarket’s general merchandise sales also dropped 8% in the second quarter, as it came up against a tough quarter a year ago when demand was boosted amid pandemic restrictions.

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Why Asia’s retail tourism industry is still in recovery mode

Inside Retail

Retailers, particularly in tourist locations, were licking their chops, as well they might after so long when often the only sound they had been hearing in their stores was pins dropping. The first is the airlines that bring the tourists in and ship them out. How is it affecting retail? But why are the tourist numbers themselves down?

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InPost boosts convenient delivery options in new partnership with eBay

A1 Retail

Partnership with eBay will see InPost parcel lockers available as a new postage option, providing sellers with a fast and flexible way to ship parcels to customers. All sellers have to do is scan their bar code and drop the parcel off – with the whole process taking a matter of seconds.

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Retail Insider Transforming Awards – the Most Promising Newcomer category

Retail Insider

They ranged from Shopappy which put the local high street shops all on one app to the innovative location mapping company Pointr which digitizes the footprint of a store to help customers navigate. 2019 gave judges an extra difficult time with a total of five companies shortlisted. It was close but the judges finally went with Zynstra.