Retail World Editor

Metcash share price jumps after AGM presentation

Metcash Limited enjoyed a jump in share price of over 10 per cent yesterday after releasing its AGM presentation. In the presentation, management gave a breakdown of the company’s performance in FY 2018. It also gave an update on its performance so far in FY 2019. In his opening address, …

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Metcash agrees supply deal with Foodland

Metcash Limited has signed a legally binding Heads of Agreement with Foodland Supermarket, the companies announced today. Foodland Supermarket is the governing body for independent Foodland supermarket retailers in South Australia (SA). The deal includes the proposed form of a long-term supply agreement. The agreement means Foodland retailers will commit …

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IGA donates $180,000 to Special Olympics Australia

IGA has donated $180,000 to Special Olympics Australia to celebrate their 26-year partnership. Celebrations took place at the 13th annual Special Olympics Australia Signature Dinner at Luna Park in Sydney last Friday. Metcash General Manager of Private Label & Merch Mehul Patel presented the cheque to Special Olympics CEO Corene Strauss. …

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New Costco in Epping, Victoria, opens its doors

A new Costco in the north-Melbourne suburb of Epping opened this week. It’s located next to The Northern Hospital and Pacific Epping Shopping Centre at 60 Deveny Road. The company says the 13,788 sqm warehouse will service a catchment of one million people in Melbourne’s fast-growing north. It will be …

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Ombudsman hails return of ‘small business portfolio’

Ombudsman Kate Carnell has welcomed the return of small business to cabinet in the wake of Malcom Turnbull’s departure. According to reports, former small business minister Craig Laundy accompanied Mr Turnbull to his final party room meeting. Mr Laundy resigned and is said to be considering whether or not to …

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National Retail Awards honour legends and rising stars

The National Retail Association (NRA) held its National Retail Awards ceremony in Melbourne last Thursday to honour its leading lights. The NRA presented the National Retail Awards, which it describes as the “nation’s premier industry honours”. Outstanding retailers from across Australia received their awards at a ceremony in Myer Mural …

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Woolworths Group and customers raise over $7m for farmers

The Woolworths Group, together with its customers, has raised more than $7 million so far for drought-hit Aussie farmers. They have done so through Rural Aid’s Buy a Bale appeal. Rural Aid is already using the money to deliver more livestock feed and cover essential household expenses. It will also …

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Government’s phoenix rules have ‘no chance’ of succeeding

An expert in insolvency law has written off the federal government’s new reform package aimed at ‘phoenix’ activity among businesses. ‘Phoenixing’ refers to the transferring the assets of a failed company to another company that has no liabilities. The government says its reforms will “deter and disrupt the core behaviours …

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‘Experience-driven’ companies do better, says new research

New research has found that brands that invest in “experience transformation” across people, processes and technology achieve “superior” business performance, says Adobe. Adobe commissioned the research from Forrester Consulting. The study is entitled ‘The Business Impact of Investing in Customer Experience – A Spotlight On Asia Pacific’. It concluded that …

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Don’t just dump your e-waste – give it to us

Social enterprise Green Collect is calling on Victorian businesses to recycle all their old electrical items, or e-waste. The social enterprise provides employment opportunities for people facing disadvantage, The organisation, based in the Melbourne suburb of Braybrook, specialises in “resource recovery”. It says it handles about 10-15 tonnes of technology …

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