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Record retail theft puts pressure on Australian supermarkets

Inside Retail

Supermarkets operate on very thin profit margins. Supermarkets refer to goods lost to theft, expiry or payment error as stock losses. The post Record retail theft puts pressure on Australian supermarkets appeared first on Inside Retail. Woolworths and Coles declined to comment. .

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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. million Jefferies $881 million $584 million Average $871.75 million $562.3

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Online only supermarket Geezy Go launches in Sydney

Inside Retail

New on-demand food and grocery service Geezy Go has launched a digital supermarket serving Sydney, aiming to compete with Woolworths and Coles. . The online supermarket offers an under 20-minute delivery service, promising products priced similar to or lower than its rivals.

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Why Melbourne-based YourGrocer is taking on Australia’s supermarket duopoly

Inside Retail

The Australian supermarket space is widely acknowledged as being particularly concentrated, with approximately 70 per cent of market share held by Coles and Woolworths. The post Why Melbourne-based YourGrocer is taking on Australia’s supermarket duopoly appeared first on Inside Retail.

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Aldi tops Australia supermarket rankings, yet again

Inside Retail

Discount supermarket chain Aldi has topped the Canstar Blue Most Satisfied Customers Award, putting nine wins in its basket over the last 11 years. The survey also revealed that 91 per cent of customers go to the same supermarket for convenience and because it is “closer to home”, which was likely heightened by pandemic lockdowns.

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Gold Coast community pitches in on Queensland’s first ‘free supermarket’

Inside Retail

Construction on Queensland’s first ‘free supermarket’ has commenced at local charity Serving Our People’s Gold Coast headquarters. The post Gold Coast community pitches in on Queensland’s first ‘free supermarket’ appeared first on Inside Retail.

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Aldi opens first checkout-free supermarket

Retail Focus

The post Aldi opens first checkout-free supermarket appeared first on Retail Focus - Retail Design. Store manager Lewis Esparon said: “We have been working towards this day for several months now so it will be great to see how our customers react to the new technology.”.

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