I was just quoting from the ACCC report - Woolworths and Coles aim for consistent national pricing - the flat pricing system means that grocery items are sold at the
same price across the country (excluding fresh produce)
The Woolworths website also states that they have a “national pricing strategy” and this was also claimed at the Queensland Government’s inquiry into prices.
In smaller regions or remote they simply carry less range, and is skewed towards higher priced/margin items. You won’t find the full suite of home brand lines across the shelves, first thing we noted in a remote Woolworths in QLD and also WA.
My point around Aldi in say Cairns isn’t so much around the others lowering pricing, but giving consumers more choice and at the end the day, consumers will be the ones saving the cash and Woolworths will need to fight harder for those customers. They often upgrade local supermarkets when an Aldi opens up nearby.
If it wasn’t for Aldi, the range of home branded items at both majors wouldn’t be as large as it is today, it’s still somewhat a small portion overall, but compared to prior decades, it’s significantly more. Both have called out at the half year results that they intend to increase and focus on these ranges.
Retailer City Beach has made its debut in Victoria with the opening of its first store at Highpoint Shopping Centre.
Wasn’t there always one there, level 3 across from Big W?
I’ve seen them before, they aren’t new to Victoria.
Thats ‘Surf Dive n Ski’
I thought they had all closed down.
Toys R Us is now just an online retailer.
Toys R Us in trouble again?
See story above.
3.1m in sales! That’s nothing. Market share of practically zero.
Your average Kmart or BIGW store does $30-40m per store.
If they closed tomorrow nobody would even notice.
They’ve been trying to have a return similar to America. Open a few smaller stores and make a deal with a department store to expand their toy sections under the Toys R Us name. Clearly it doesn’t look like this will be happening anytime soon.
Dans and BWS need to be separate from the Hotels.
Woolworths should have kept BWS I think.
The appointment of the Head of Buying to run Dans was never going to work.
Coles announced today that it would convert all 160 Vintage Cellars and First Choice Liquor stores into Liquorland branded retailers, starting in April. It followed the success of the 16-week pilot program in 14 stores across Victoria, Queensland and SA in November last year. The conversion is expected to be completed by the end of 2025.
Jeanswest has gone into voluntary administration for the second time in five years, despite being rescued by Harbour Guidance in 2020. As a result, 90 stores will shut down, putting 600 jobs at risk.
Next to go will be Jeanswest as a whole, and its online site to be disconnected. Not saying that will happen, but there’s a possibility that Jeanswest could go into liquidation and disappear completely. We’ve seen it happen to Mosaic Brands, now it could happen again to Jeanswest. I think I know exactly what to expect fron this. It’s inevitable.
In Queensland you cannot own a bottle shop unless you own a hotel. The hotel licence gives you the ability to own up to three bottle shops within 10kms of the hotel. This is why Coles and Woolworths became pub owners in Queensland. One pub would allow you to open 2 BWS and 1 Dan Murphy’s within a 10 km radius.
Of course, Woolworths no longer directly owns any bottle shops or pubs, they were spun off to Endeavour Drinks.
This also explains why Aldi cannot sell booze in Queensland.
It also means that in some regional towns with just one pub, you can have one pub owner controlling the entire sale of alcohol in that town.