The Jeans West saga makes me wonder if shopping centre rents are part of the problem.
Those centres take an enormous percentage of shop revenue from experience.
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I think it’s just discretionary spending down, you only need a 5% drop in clothing sales for your entire margin to go south, they often bank on a 2-3% sales growth target, so a 8% ish drop to budget is tough, clearance clothing is the biggest killer.
They won’t be the last to fall.
Jeanswest will close more than 90 stores in Australia, putting hundreds of people out of work due to tough retail trading conditions.
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Aldi were going to buy a hotel a few years ago to explore the idea they may have even done it. But I’m pretty sure thats long gone now.
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Those are the findings of the latest government-funded quarterly report by consumer advocacy group Choice, which has been tracking the average price of groceries at Australian supermarkets since March last year.
The report found that the price of 14 common grocery items at Coles and Aldi supermarkets had declined since releasing its first quarterly report, both with specials and without.
Between March and December last year, the price of Aldi’s basket was relatively unchanged, falling by 0.3 per cent, while the same basket of grocery items on special at Coles decreased by 2.5 per cent during that time.
However, a basket of the same items with specials at Woolworths increased by 3.7 per cent — with the price rising from $64.93 to $67.34.
Wait, prices go up yearly? Good research.
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In an inflationary environment, with higher than prior wage hikes being passed, prices go up!
Choice has been trash for years.
How exactly is this trash? For a lot of people, an annual or monthly inflation figure is meaningless, whereas this gives a real sense of what impact it is having on families.
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I always turn to Choice when I am buying white goods. If I am spending a lot of cash I want to get a good product.
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The article suggests no change to the name, but there is perhaps an indication it would change.
The investor presentation says it will deliver a “dollarama shopping experience” with a new store layout, design and merchandising experience”
Dollarama is paying quite a premium to acquire the remaining The Reject Shop shares. Its plan to expand the existing network from more than 390 shops at present to about 700 over the next nine years, shows the company’s ambitions for the Australian market.
There’s a good chance that this is the end of The Reject Shop. Their store network will probably be converted/morphed into Dollarama stores.
If the chain does get turned into Dollarama, I’ll hold an early tribute/eulogy now.
Thanks for the memories The Reject Shop, and for helping us to Get Savvy with our shopping, and for being an Australian company, and for being a variety store that offered low prices on a variety of items. You will deeply be missed. - Radio_TVGuy
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Better go and change all the Wikipedia pages now before it’s too late!
After the merger of Chemist Warehouse and Sigma Healthcare, the first My Chemist store has been rebranded as Amcal Plus.
The Chadstone location is one of over 20 My Chemist stores undergoing the rebrand.
I came across some interesting retail brands attached to Caltex sites across Perth after some recent visits. I’ve never heard of Store 24 or OMG before.
Some of these sites began as proper Starmart’s but soon changed over.
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Or Vibe?
Vibe itself is a rather well known independent fuel station in WA. But this partnership with Caltex is something they haven’t done before.
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Health authorities have flagged the potential presence of shiga-toxin-producing E. coli (STEC) in some Coles and IGA-branded pre-packaged salad products.
Packaged salads with use-by dates up to April, 9 2025 should be disposed of.
Tasmanian Public Health Specialist Medical Advisor Shannon Melody said the bacteria was detected in two pre-packaged, ready-to-eat spinach products purchased in Queensland from separate supermarkets, as part of “proactive public health surveillance”.
The recall is for salads containing spinach sold between March 20 and yesterday, March 29.
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