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Price, not volume, driving Australian retail sales growth

Inside Retail

Retail prices increased 4.8 per cent through the year to the June quarter with the largest price rises seen in food and household goods. “On On a quarterly basis, overall retail price growth has already exceeded sales volume growth in both the March and June quarters,” says Rumbens. “On per cent price growth.”.

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Asda becomes first UK supermarket to sell refurbished TVs in stores

Retail Gazette

The retailer has refurbished three models of returned HD LED Smart Shop and Polaroid TVs at its electrical returns centre using recycled materials, with three sizes available, including a 32”, 40” and 50”. Asda is to sell refurbished TVs in its stores as it looks to provide customers with more affordable technology.

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Lidl Introduces Innovative Bottle Return Scheme in Glasgow

365 Retail

Lidl has become the first supermarket chain to initiate a bottle return scheme trial, debuting in Glasgow. Customers participating in the scheme are rewarded with 5p for every eligible container returned. The Lidl Return Scheme trial will run from 8th February 2024 to 11th August 2024 at participating Glasgow stores.

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Kiwis ‘not served well’ by grocery duopoly, but report reactions mixed

Inside Retail

HortNZ CEO Nadine Tunley said greater transparency would enable consumers to understand better the price they pay for New Zealand-grown fruit and vegetables. Pointing out that grower returns have not increased for at least 10 years, she said retail prices and costs – labour, freight and compliance – have steadily increased. “In

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A cost-of-living crisis is brewing in Asia. Here’s what it means for retail

Inside Retail

At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation. per cent, department stores were up 42.8 per cent.

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Tesco confident it can ‘deliver Christmas’ despite industrial action

365 Retail

Unions have warned supermarket giant Tesco that it faces disruption at its stores as workers take industrial action at distribution centres just ahead of Christmas. But the retailer said it was confident it could keep the shelves fully stocked and “fulfil our plans” despite the action by the Unite and Usdaw unions.

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Tesco workers to launch pre-Christmas strikes

365 Retail

Warehouse workers and drivers employed by supermarket giant Tesco are to stage a series of strikes in the coming weeks in a dispute over pay. The union said the company had offered a 4% pay rise, describing it as “well below” the current retail price index (RPI) inflation rate of 6%.