Remove Marketing Remove Net Profit Remove Supermarket
article thumbnail

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

Inside Retail

Woolworths and Coles, Australias supermarket goliaths, have gone from Covid-19 heroes to cost-of-living villains in the last two years. Two of the nations major employers, with a combined workforce of 320,000 staff and about a 66 per cent share of the grocery market, Woolworths and Coles endured a 2024 they would no doubt rather forget.

Consumer 246
article thumbnail

Woolworths books higher net profit, sales in first half

Inside Retail

Solid results in the Australian food and B2B business segments drive an increase in first-half sales and net profit for Woolworths Group. The supermarket group’s net profit rose 2.5 The post Woolworths books higher net profit, sales in first half appeared first on Inside Retail Australia.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supermarkets and ARA defend industry after ACCC inquiry findings

Inside Retail

The nations largest supermarket groups and the Australian Retailers Association leapt the the industrys defence in the wake of the Australian Competition & Consumer Commission (ACCC)s much-anticipated Supermarket Inquiry on Friday. per cent and Woolworths of less than three cents in the dollar have remained stable.

article thumbnail

Why Dollarama is just the latest global entrant in Australia’s discount market

Inside Retail

The Canadian convenience chain Dollaramas recent acquisition bid for The Reject Shop highlights a growing trend of international retailers assessing Australias discount market. These developments reflect the demand for budget-friendly options in the Australian retail market, which is also home to domestic competitors such as Kmart.

Marketing 226
article thumbnail

Vicinity Centres acquires stake in Lakeside Jundaloop, doubles profit

Inside Retail

Lakeside Jundaloop has a gross lettable area of 99,832sqm, and major tenants include supermarkets Coles, Woolworths, and Aldi; entertainment sites Hoyts and Timezone; and department stores Myer, Big W, Kmart, and Target. Vicinity’s net profit grows 101.5 per cent Meanwhile, Vicinity Centres reported net profit of $547.1

article thumbnail

Coles CEO Leah Weckert talks profit margins, seasonal products in FY24 results

Inside Retail

Thanks to its strong supermarket sales Coles has reported a $1.1 billion after-tax profit for FY24. Coles’ extensive national footprint, across 856 supermarkets, 992 liquor stores and numerous digital platforms, has positioned it as one of Australia’s biggest omnichannel retailers for essential household items.

article thumbnail

To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

But it turned out that the emporium of toys, games and fun could not in the end withstand the relentless competition and margin hits from the internet and supermarket retailers. The toy market certainly had a very good pandemic, with families at home and keen to keep themselves and their children busy. and abroad. In 2017, the U.S.