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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 per cent to $1.45 billion. .” per cent higher to $3.9

Consumer 243
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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.

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

Inside Retail

Retailers have long been obsessed with expanding their product ranges product diversification and line extension have been critical for supermarkets to keep pace with online marketplaces like Amazon. However, Australias leading supermarkets are changing tack. per cent to $739 million and earnings before interest and tax fell 14.2

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Thai hypermarket Big C boosts profits with fresh food focus

Inside Retail

Apart from its more than 1800 hypermarkets, supermarkets and convenience stores, Big C’s retail business also encompasses a network of 155 pharmacies, nearly 70 book stores and 45 coffee shops. Over the past 12 months, the company added a net 130 new stores, including 115 Big C Mini and one hypermarket. billion baht (US$2.3

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For Thai retailers CP Axtra and Big C, new stores and fresh food drive growth

Inside Retail

Note that although Makro is billed as a wholesaler, its customer base includes an enthusiastic consumer segment that prefers the Makro bulk-buy experience and uses it as an alternative go-to for products it cannot get at a regular supermarket. per cent, and net profit was 1.3 Big C has delivered net profit of 4.0

Wholesale 130
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Cedar Woods sells Williams Landing Shopping Centre for $60 million

Inside Retail

Victoria’s Williams Landing Shopping Centre has been sold for $60 million after owner Cedar Woods accepted an unconditional offer which also includes one hectare of adjacent development land. The shopping centre has a Woolworths supermarket, 30 specialty stores, a childcare facility, and two levels of office space.

Shopping 130
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Vicinity Centres acquires stake in Lakeside Jundaloop, doubles profit

Inside Retail

Vicinity Centres has acquired a 50 per cent stake in the Lakeside Jundaloop shopping centre in Western Australia from Future Fund for $420 million, and will co-own it with Lendlease-managed Australian Prime Property Fund – Retail. Vicinity’s net profit grows 101.5 million in the last fiscal year, up 101.5