woolworths

Interviewed on the ABC’s World Today last Friday, Woolworth’s CEO, Michael Luscombe described the job losses at Pacific Brands as a “Tragedy”. As reprinted on the ABC website; “MICHAEL LUSCOMBE: I think it’s a tragedy that we are talking about anybody losing their job let alone 1800 people. We have worked very closely with Pacific [...]

Continue Reading Crocodile Tears from Woolworth’s CEO

Tags: buyers, coles, generic, imports, michael luscombe, pacdun, pacific dunlop, trading terms, woolworths

Is this the worst job – being a Coles National Account Manager or Business Manager.  Competing against a heavily supported house brand, reduced promotional activity, reduced ranging, delistings and on top of that a request for more trading terms. Request is probably not the correct word though is it?! Any Comments, anonymous of course – [...]

Continue Reading Coles National Account Managers

Tags: coles, coop, idi amin, mugabe, national account, ranging, trading terms, wesfarmers, woolworths

Woolworth’s has established a scheme where over 115,000 of their employees will be allowed to spend up to $1000 at any Woolworths store from their pre-tax income. The spending must take place before 9th January 2009. Given that the employees are probably pretty loyal, it is questionable if this will boost sales by very much. [...]

Continue Reading Woolworth’s Pre-Tax Spending Spree

Tags: $1000, Big W, pre-tax, rudd, woolworths

Been a big day for worried people. Orders canceled by major retailers, open to buy dollars cut hard and stock not being let out of China. Look we all know it is bad out there but these things become a self fulfilling prophecy after a few weeks. With major orders being canceled and open to [...]

Continue Reading Hit Hard – China, the A$ and the Economy

Tags: china, coles, economy, milk, open to buy, sanlu, scandal, tainted milk, woolworths

Another month’s results from the ACCC‘s Grocery Choice web site and Woowlorths is now the cheapest. So what does this mean?  The front page of the web site tells us the news; Woolworths cheapest on total grocery basket in 59 of 61 regions (up from 21 last month) Nationally, the price difference between Coles, Woolworths [...]

Continue Reading Grocery Choice – Another Month In!

Tags: ACCC, aldi, cheapest supermarket, choice, coles, grocery, grocery choice, rudd, woolworths

When Coles, Woolworths and Franklins agree on something I get suspicious. As reported in the online version of FOODWEEK yesterday, “Woolworths, Coles, and Franklins have joined the Australian Food and Grocery Council (AFGC) in a push to make nutrition labeling more transparent and meaningful for Australian consumers by adopting the Daily Intake Guide.” The Daily [...]

Continue Reading Daily Intake Guide – I’m Suspicious

Tags: afgc, cancer council, choice, choice magazine, coles, daily intake guide, food news, food week, foodweek, franklins, healthy foods, kate carnell, labeling, traffic light, woolworths

So it’s been confirmed that Mitre 10 is looking at its options, as extracted from the AFR on the 24th Sept 08; “Hardware group, Mitre 10, staged its annual convention on 23 September 2008. The organisation’s CEO, Bernie Bicknell, claimed that in the past 12 months, a lack of funds prevented the company from purchasing [...]

Continue Reading Mitre 10 – Update

Tags: ACCC, afr, bernie bicknell, metcach, Mitre 10, singapore, wesfarmers, woolworths

Reported this morning: Woolworths CEO, Michael Luscombe, at a Retail Traders Association of Western Australia breakfast in Perth this morning gave his take on the Australian consumer. The Age reports he said; “The sense of looking for value has heightened in the past nine months,”  Surprise, surprise we all say within the industry. With ALDI [...]

Continue Reading News Roundup

Tags: greg luscombe, patties, pies, retail traders, woolworths

Hardware buying supermarkets, we have seen that, supermarkets investing in hardware, watch this space. Mitre 10 has been struggling for the past decade to have an impact in the Hardware channel, particularly in metropolitan areas. The Australian Financial Review has reported that Mitre 10 and Woolworths are in discussions regarding a capital injection or outright [...]

Continue Reading Retail in Reverse

Tags: ACCC, bunnings, coles, Mitre 10, wesfarmers, woolworths