News

Metcash and Chinese retail giant in export deal

One of the largest non-government retailers in China, Suning Holdings Group, has signed an agreement with Metcash to introduce Australian and New Zealand products to the Chinese market. During a recent trip to Australia, Suning International VP Steven Zhang met with local Metcash vendors, then signed a memorandum of understanding …

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Private label leads the charge

Private label accounted for 18.1 per cent of all Australian FMCG dollar sales in the 52 weeks to May 21 this year, outpacing national brands, according to a report from market researcher IRI. “Private label has reached an important pivot point in Australia as supermarkets refine their strategies to respond …

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Section 46 to give small businesses a level playing field

Section 46 of the Competition and Consumer Act 2010 – the misuse-of-market-power provision – has been amended by the federal government to align with the recommendations of the 2016 Harper policy review “The Harper review found the misuse-of-market-power law was not reliably enforceable and did not effectively target and deter …

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Woolworths teams up with Possum Magic

Woolworths has released Royal Australian Mint limited-edition $2 coins into its stores’ tills this week leading up to Children’s Book Council of Australia Children’s Book Week, featuring designs from the Australian children’s book Possum Magic. The three $2-coin designs struck by the mint feature illustrations of the main character, Hush, …

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Wesfarmers earnings hit record despite Coles decline

Wesfarmers this week released its full-year results for 2016/17, showing an increase in net profit after tax (NPAT) from $2,466 million for the previous year to $2,873 million. Excluding the significant items recorded in the prior year, NPAT increased 22.1 per cent, while earnings per share increased 21.6 per cent …

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Amazon to open 24,000sqm fulfilment centre in Australia

Amazon says it will create hundreds of new jobs with the opening of its first fulfilment centre in Australia. Amazon is already recruiting for a range of roles, including operations managers, pickers, packers, systems technicians and HR specialists. “We are thrilled to be creating hundreds of new roles in Dandenong …

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ARA call for BOOT Test inquiry

The Australian Retailers Association (ARA) has entered a submission to the Senate Education and Employment Committee on the Senate Penalty Rates Inquiry regarding Enterprise Bargaining Agreements (EBA). The inquiry will focus on the effectiveness of the Better-Off Overall Test (BOOT) for EBAs and their direct relationship with penalty rates within …

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Retail turnover rises 0.3 per cent in June

The Australian Bureau of Statistics’ (ABS) retail-trade figures for June 2017 show signs of a strengthening retail industry, after 12 months of softened growth. According to the ABS, the seasonally adjusted trend rose 0.3 per cent in seasonally adjusted terms from the previous month, following a rise of 0.6 per …

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