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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. Woolworths said food prices over the September quarter rose 7.3 per cent, while Coles reported a 7.1

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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 . In the last week alone, 17 Woolworths supermarkets have been listed as Covid-19 exposure sites.

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Wegmans to Close Stores (Briefly) for Solar Eclipse Viewing

Retail TouchPoints

The supermarket retailer will close 48 stores in upstate New York and Pennsylvania that are located in the “path of totality” from 3 to 3:30 p.m. The opportunity to experience a total solar eclipse comes once in a lifetime, and we don’t want our employees to miss out,” said Patrick Bourcy, a Regional Manager at Wegmans in a statement. “We

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Back to reality: Coles’ 6 per cent sales drop signals return to normalcy

Inside Retail

per cent drop in comparable supermarket sales at Coles is a clear sign of normalising consumer behaviour in the wake of Covid-19 lockdowns. We’re beginning to see customers returning to the CBD, as they return to work. The return to normalcy is also impacting the times at which consumers shop. “We Deflation of 0.2

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“Back to what good looks like”: The ups and downs of Woolworths’ FY23

Inside Retail

Australian retail giant Woolworths Group reported solid FY23 results on Wednesday , showcasing the supermarket sector’s resilience in the face of dropping consumer spend. Earnings before interest and tax (EBIT) from the company’s Australian supermarkets rose 19.1 per cent over the financial year to $2.8 per cent to $249 million.

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Is Woolworths leading industry change by not stocking Australia Day merch?

Inside Retail

Last year, Woolworths Group, the company behind Woolworths Supermarkets and Big W reportedly told staff they could choose to work on January 26 and take another off day at the discretion of their manager. So it can be a make-or-break move,” said Mirzaei.

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Supermarkets – how retail is changing for the giants of grocery

I Vend

The COVID surge for supermarkets The pandemic hit many retailers hard, with stores shut and high streets deserted. According to industry experts The Grocer magazine, UK supermarkets continue to see high levels of growth. iVend Supermarket iVend helps supermarkets offer uninterrupted service to their customers.