The big supermarkets, Woolworths and Coles, will need to think of new strategies to compete with new chains such as Aldi which continue to steal market share.
Australian shoppers have inadvertently invited global discount grocers to our shores by demonstrating their readiness to adopt private labels. In 2001, German discounter Aldi opened its first store in…
Coles is believed to have applied for an Authorised Deposit-taking Institution licence, which would allow it to take deposits.
AAP
The news that Coles may be seeking a banking licence would, if confirmed, put the supermarket group and its parent company Wesfarmers in direct competition with Australia’s major banks. It would allow…
Retailers should make it easier for shoppers to buy in-store and online say experts.
AAP
Retailing giant Wesfarmers says it is encouraged by growth in online sales at its Officeworks and Target stores, after the brands posted small lifts in total sales during the last quarter. But retailing…
Two strikes - a term borrowed from baseball, now being applied to Australian executive pay.
EPA/Arleen Ng
Australia’s new “two strikes” law giving shareholders more power to curb excessive executive pay packets, promises to shake up some businesses. Homewares company GUD Holdings has already been hit with…