Coles has announced its refreshed strategy to deliver on its vision of becoming the most trusted retailer in Australia. Speaking at Coles’ first Investor Day since listing on the ASX in November 2018, Group CEO Steven Cain said the business wants to sustainably feed all Australians to help them lead …
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Deloitte says retailers have faced yet another period of weak demand and declining retail spending over the March quarter of 2019. It may not be all “doom and gloom” for the sector, though, says Deloitte. Some much-needed relief is expected in the second half of the year in the form …
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One-in-five Australians feel under time pressure when shopping, according to IRI Client Growth Partner, Mairead McElvanna, leading many down the path of least resistance – quick, easy and accessible meal solutions. To meet this demand, the convenient meals category spans several formats and is available in supermarkets and direct-to-door. Pre-made …
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Retailers are buying into artificial intelligence (AI) in a big way, but they’re choosy and sceptical, says a new survey. The Oxford Economics for Synchrony Financial survey found that retailers are counting on AI to “transform their companies and industry”. But they’re still sceptical about the enormous hype surrounding the …
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The Australian Retailers Association (ARA), in collaboration with Australian technology company Pronto Software have released a white paper based on a survey of technology uptake and priorities among the country’s retailers. ‘The State of Australian Retail Technology 2019’ included responses from representatives of 172 retailers. Seventy-five per cent of the …
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Coles Express and Viva Energy have agreed on terms for a 10-year extension of their current alliance. According to ACAPMA, the announcement comes in the face of “sustained public criticism” over the high fuel prices Coles Express’ 780 service stations have allegedly charged in recent years. Some industry analysts expect …
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The world’s top 250 retailers generated US$4.53 trillion ($6.41 trillion) in revenues in FY18, up 5.7 per cent year-on-year, according to Deloitte. In addition, three retailers with a local Australian presence – Wesfarmers, Woolworths and JB Hi-Fi – remain in the top 250, after JB Hi-Fi broke through last year. …
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US grocer Stop & Shop will launch driverless grocery vehicles in Boston, Massachusetts, the company has announced. The new venture is a collaboration with San Francisco-based start-up Robomart. It will see vehicles bring a selection of Stop & Shop produce, meal kits and convenience items directly to consumers. “This is …
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October trade figures suggest a strong lead-up to the Christmas trading period, with a 3.56 per cent total year-on-year increase. The Australian Retailers Association (ARA) welcomed the figures, just released by the Australian Bureau of Statistics (ABS). ARA Executive Director Russell Zimmerman says the results should increase confidence and he …
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Australian retailers are approaching Christmas with a strong sense of optimism, according to the latest Deloitte Christmas Survey. Now in its seventh year, key survey findings include: 80 per cent of retailers expect to see higher sales this Christmas compared with last year. Forty-one per cent predict growth of five …
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