G41 Food Retailing

Woolworths freezes price of everyday items

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Original article by Carrie LaFrenz
The Australian Financial Review – Page: 15 : 16-Jun-22

Grocery retailer Woolworths has responded to the rising cost of living by announcing that it will freeze the price of essentials such as sugar, flour and frozen peas until the end of 2022. CEO Brad Banducci says the spike in inflation has now affected prices in most grocery categories, having initially been largely confined to meat and imported products. Woolworths’ average prices rose by 2.7 per cent during the March quarter, and about 40 per cent of its suppliers requested a further price increase in May.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW

My Foodie Box enlists Thermomix as a partner as it seeks to take on Hellofresh and Marley Spoon

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Original article by Cameron England
The Australian – Page: Online : 7-Jan-22

Meal kit company My Foodie Box will make its debut on the ASX on 7 January, after having raised $6 million through what was an oversubscribed initial public offering. It will use the money raised to expand operations from its Perth base, with an initial focus on Sydney and Melbourne. Its prospectus indicates it has a current customer base of over 1,650, generating around $105,000 per week. My Foodie Box will be competing with Hellofresh and Marley Spoon, while it has a tie-up with the only distributor of Thermomix appliances in Australia.

CORPORATES
MY FOODIE BOX, HELLOFRESH AUSTRALIA, MARLEY SPOON AG – ASX MMM

Retail invasion over as Kaufland beats a retreat from the Australian market

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Original article by Eli Greenblat
The Australian – Page: 15 & 23 : 23-Jan-20

Shares in grocery retailers Coles and Woolworths rallied on 22 January, after German supermarket group Kaufland announced that it has abandoned plans to expand into the Australian market. Kaufland has advised that its 200 employees in Australia will receive their full entitlements; the majority had previously been employed by Coles or Woolworths. Schwarz Group is believed to have invested about $500m in Kaufland’s Australian operations, with plans to open at least 20 stores across the country.

CORPORATES
KAUFLAND STIFTUNG & CO KG, SCHWARZ GROUP, COLES GROUP LIMITED – ASX COL, WOOLWORTHS GROUP LIMITED – ASX WOW

Dollar’s fall lifts retailers’ spirits

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Original article by Eli Greenblat
The Australian – Page: 21 : 10-Dec-14

The latest Deloitte Access Economics retail forecasts study shows that the sector can expect higher margins during the 2014 Christmas period, due to the fall of the Australian dollar against the US currency. The overall sales growth figure for the calendar year is tipped to be 5.4%, compared with 3% on average per annum since 2010. The Australian National Retailers Association (ANRA) also forecasts turnover in the second week of December to reach $A7.6bn. However ANRA CEO Anna McPhee notes that retail sector margins have declined in the past three years

CORPORATES
AUSTRALIAN NATIONAL RETAILERS ASSOCIATION LIMITED, DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIAN BUREAU OF STATISTICS

Catalogues hit the mark with shoppers

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Dec-14

A Roy Morgan Single Source survey has found that 53 per cent of Australians aged 14+ read one or more store catalogues in an average week during the year to September 2014. Some 56 per cent bought a product as a result of seeing it in a catalogue. The survey also shows that 41 per cent of Australians read supermarket catalogues in an average week, and 58 per cent of these people buy items from the catalogues. Meanwhile, 38 per cent of readers buy something from a chemist’s catalogue, followed by liquor store catalogues (33 per cent)

CORPORATES
ROY MORGAN RESEARCH LIMITED, DICK SMITH HOLDINGS LIMITED – ASX DSH, WESFARMERS BUNNINGS LIMITED, IKEA TRADING PTY LTD

Foodland maintains customer satisfaction ratings lead

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Original article by Roy Morgan
Market Research Update – Page: Online : 27-Nov-19

Foodland is the winner of Roy Morgan’s Supermarket of the Month Award for September 2019, with a customer satisfaction rating of 88%. It is followed by Coles (82%), IGA (82%), Aldi (81%) and Woolworths (81%). Roy Morgan CEO Michele Levine says that Foodland’s unbeaten run throughout 2019 is a significant feat in an increasingly competitive market, and it has now won 15 monthly satisfaction awards in a row. September’s customer satisfaction ratings were obtained from the Roy Morgan Single Source survey, which is compiled from in-depth face-to-face interviews with around 50,000 Australians each year in their homes.

CORPORATES
ROY MORGAN LIMITED, FOODLAND AUSTRALIA LIMITED, COLES SUPERMARKETS AUSTRALIA PTY LTD, IGA, ALDI STORES SUPERMARKETS PTY LTD, WOOLWORTHS SUPERMARKETS

Woolies thrives but Banducci stays cautious

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Original article by Eli Greenblat
The Australian – Page: 17 & 20 : 30-Aug-19

Groceries and liquor giant Woolworths Group has posted a 2018-19 net profit of $2.693bn, which is 56.1 per cent higher than previously. Its profit from continuing operations was down per cent at $1.49bn following the sale of its petrol division, but group sales rose 5.3 per cent to $59.98bn. Woolworths’ core Australian supermarkets division recorded earnings and sales growth of 5.7 per cent and 5.3 per cent respectively. Big W’s sales were 6.5 per cent higher, although the discount department store chain posted an EBIT loss of $85m.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, BIG W DISCOUNT STORES, ENDEAVOUR DRINKS, DAN MURPHY’S, COLES GROUP LIMITED – ASX COL

Foodland celebrates 12 months at top of supermarket satisfaction ratings but supermarket customer satisfaction is in decline

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Original article by Roy Morgan
Market Research Update – Page: Online : 27-Aug-19

Foodland has secured its 12th straight Roy Morgan Supermarket of the Month Award with a customer satisfaction rating of 86% for July 2019. Foodland has now won 19 of the past 20 monthly awards. Foodland was followed by Aldi (83%), Coles (82%), Woolworths (81%) and IGA (80%). Foodland and Aldi have now held the top two positions since February 2017. Despite their ongoing success, the overall customer satisfaction ratings for all five leading supermarkets have declined significantly from a year ago. Both Aldi and Woolworths have recorded the largest decline (-10%). Foodland has also recorded the highest customer satisfaction rating for fresh fruit (84%), bread (81%), fresh vegetables (82%) and delicatessen (78%). Aldi performed the best in dairy (85%) and meat (74%), whereas Woolworths secured the highest customer satisfaction for seafood (51%). These are the latest findings from the Roy Morgan Single Source survey, derived from in-depth face-to-face interviews with 1,000 Australians each week and over 50,000 each year.

CORPORATES
ROY MORGAN LIMITED, FOODLAND AUSTRALIA LIMITED, ALDI STORES SUPERMARKETS PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS SUPERMARKETS, IGA

Coles boss bullish as online sales hit $1bn

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Original article by Eli Greenblat
The Australian – Page: 19 : 23-Aug-19

Grocery and liquor retailer Coles Group has posted a 2018-19 net profit of $1.434bn, which is 9.1 per cent lower than previously. Earnings from continuing operations were down 8.1 per cent at $1.325bn, and sales fell 1.7 per cent to $38.46bn. Coles’ online sales increased by 30 per cent to $1.1bn, and the division was profitable for the first time in 2018-19. Shareholders will receive a final dividend of $0.24 per share, plus a special dividend of $0.115 a share.

CORPORATES
COLES GROUP LIMITED – ASX COL, COLES ONLINE PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, VINTAGE CELLARS (AUSTRALIA) PTY LTD, LIQUORLAND (AUSTRALIA) PTY LTD, FIRST CHOICE LIQUOR SUPERSTORE, WESFARMERS LIMITED – ASX WES, WOOLWORTHS GROUP LIMITED – ASX WOW, JP MORGAN AUSTRALIA LIMITED, GOLDMAN SACHS AUSTRALIA PTY LTD, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD

Woolies gives up liquor and gambling

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Original article by Sue Mitchell
The Australian Financial Review – Page: 1 & 18 : 4-Jul-19

Woolworths CEO Brad Banducci says the retail giant has been working on the proposed demerger of its liquor and hotels business for more than a year. Endeavour Group will be created via the merger of pubs and poker machines operator ALH Group and Endeavour Drinks, which owns the Dan Murphy’s and BSW liquor chains. Woolworths plans to divest Endeavour Group via a demerger, trade sale or IPO in 2020 and retain a minority stake. Woolworths has attracted criticism over its exposure to poker machines, but Banducci stresses that this was not a driver of the demerger proposal.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, ENDEAVOUR GROUP, ALH GROUP LIMITED, DAN MURPHY’S, BWS – BEER WINE SPIRITS, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD, ABERDEEN ASSET MANAGEMENT LIMITED, LANGTON’S, CELLARMASTER WINES PTY LTD, PINNACLE DRINKS, THE MATHIESON GROUP PTY LTD, BIG W DISCOUNT STORES, THE QUANTIUM GROUP PTY LTD