News

It has been a tough year for the retail sector so far in 2019, and the upcoming festive spending will likely do little to change that underwhelming result according to Deloitte Access Economics. Weak wage growth, high debt levels and increasing price pressures are hurting demand, while tax returns and …

Woolworths and Queensland builder Spaceframe have turned the first sod on a $12 million expansion of the existing Townsville Regional Distribution Centre (TRDC) to improve stock availability for North Queensland customers year-round. Upon completion, the site will more than double its footprint to 10,000sqm. Woolworths says this will make it the largest …

Tesco and the World Wide Fund for Nature (WWF) have launched a new metric to map the environmental impact of some of the UK’s most popular foods. According to Tesco, the Sustainable Basket Metric will track the environmental impact of a sample of some of the most regularly purchased foods …

Health and sustainability, smart diets and food science are trends that will shape the global food, drink and foodservice industries over the next decade, according to Mintel. Its research highlights that brands which bring wholesomeness and best practice to the table will gain the upper hand. Change, Incorporated; Smart Diets …

A supermarket described as “the first of its kind in Melbourne” has opened in the suburb of Keysborough. Opened last week, the new 3,200sqm Michael’s Fresh Food Market IGA Keysborough provides a “state-of-the-art shopping experience”. The store features a sushi bar, florist, a selection of bulk spices, nuts and confectionery, …

A survey of 1,000 respondents revealed that Australians will spend an average $686 each on Christmas. Of this average spend, $351 is expected to go towards groceries. The Accenture Research survey also revealed that the main spending influencing factors include grocery costs (35 per cent), disposable income (31 per cent) …

Groceries are set to be more expensive for Christmas 2019 than in other years, according to the Choice Christmas Basket Challenge. What is the Choice Christmas Basket Challenge? Choice conducts the comparison by putting together a shopping list of 22 items from each store that Australians typically purchase around Christmas …

Woolworths has opened what is believed to be its most sustainable supermarket. Located at the brand-new Burwood Brickworks Shopping Centre in east Melbourne, the new Woolworths store will operate using 100 per cent renewable energy. “Woolworths Burwood Brickworks is the next step in our journey to create a neighbourhood food …

To the dismay of retailers, consumers are holding back this festive season after one of the worst years on record. Weak wage growth, high debt levels and increasing price pressures are hurting demand, while tax returns and interest rate cuts have yet to fully come through, says Deloitte Access Economics’ …

Castle Towers, a shopping centre in north west Sydney, has unveiled the first stage of its $1 billion master-planned retail and lifestyle destination. Repurposed from an under-used carpark, the new $180 million retail precinct was officially opened by QIC Global Real Estate Managing Director, Michael O’Brien and State Member for …