News

Wesfarmers’ write-downs put dent in profits

Wesfarmers has posted a significant decline in its net profit after tax for the 2017-18 financial year, according to IBISWorld. IBISWorld says the results clearly show the effects of impairment charges on its Target and Bunnings UK businesses. Revenue improved by three per cent, including an 8.9 per cent increase …

Read More »

No more plastic bags for NZ’s Foodstuffs

New Zealand grocery distributor Foodstuffs has announced that all its retail and wholesale brands will stop offering plastic checkout bags. The bag ban will start on January 1, 2019. Among its brands are New World, PAK’nSAVE, Four Square, Raeward Fresh, Gilmours, Trents, Henry’s and On The Spot convenience stores. Liquorland …

Read More »

SPAR-tacus? SPAR Hellas launches bold Greek expansion

SPAR Hellas, SPAR Partner in Greece, aims to have 80 SPAR stores open by the end of 2018. It also wants to add another 300 over the next four years. It’s already opened eight stores since officially relaunching the brand in the country earlier this year. To date, SPAR Hellas …

Read More »

Coles to match customer donations to Australian farmers

Coles has pledged to match dollar-for-dollar every donation by Coles’ customers to help support drought-hit Australian farmers. The supermarket says it will carry out this pledge for the entire month of August. This follows $5 million in grants and interest-free loans from the supermarket’s Nurture Fund. A number of other …

Read More »

More than half of Aussie shoppers abandon online purchases

Australian consumers are prone to abandoning their online shopping carts before buying, according to new research. The SAP Consumer Propensity Study found that 57 per cent of online shoppers discard their virtual shopping carts “sometimes” or “all of the time”. The categories most vulnerable to abandonment were fashion (67 per …

Read More »

$51 billion is spent on promoted sales – but do they work?

New research by Nielsen has found that retailers and manufacturers often see no return on investment from promotions. In Australia, retailers spend $51 billion on promoted sales. But Nielsen says 48 per cent of this income would have come in anyway, whether the sales were promoted or not. As a …

Read More »

ALDI recognised as an ‘Employer of Choice’

The Australian Business Awards 2018 have recognised ALDI Australia as an Employer of Choice. The awards recognise organisations that have developed leading workplaces. This means they maximise the full potential of their workforce through practices demonstrating effective employee recruitment, engagement and retention. “With 11,500 employees and growing, we’re proud of the …

Read More »

On the up: retail sector grows for three months in a row

Aussie retailers have welcomed their third consecutive month of retail growth, according to the Australian Bureau of Statistics (ABS). National Retail Association Dominique Lamb gave the figures a cautious welcome. She says there is still a long way to go for the domestic industry. But she also acknowledges that June’s …

Read More »

Needless indulgence ‘can make you happier’

Some consumers feel “happier” after buying something “indulgent” if there is no good reason for it, according to new research. The research comes from a team of marketing academics led by Francine Espinoza Petersen from ESMT Berlin business school. Her team did several studies examining consumers’ emotional responses and subsequent …

Read More »