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2 days ago | 
insidefmcg.com.au | Sean Cao
New Zealand’s Commerce Commission is seeking to limit the payments that supermarkets can charge suppliers to improve competition and bring more benefits to consumers. The agency has announced some proposed changes to the draft Grocery Supply Code, which was introduced under the Grocery Industry Competition Act to ensure negotiations between major supermarkets and their suppliers are fair and transparent.
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3 days ago | 
insidesmallbusiness.com.au | Sean Cao
The Council of Small Business Organisations Australia (COSBOA) has urged policymakers to provide support for small businesses, citing the latest economic data from the Australian Bureau of Statistics (ABS). The ABS figures show that the Australian economy grew by just 0.2 per cent in the March quarter, with public spending seeing the largest detraction from growth since 2017. In Addition, GDP per capita swung to a 0.2 per cent decline from a 0.1 per cent rise in the December quarter.
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3 days ago | 
insideretail.com.au | Sean Cao
Woolworths has renamed B&J The Kitchen to The Kitchenary following its acquisition of Beak & Johnston Holdings earlier this year. Formerly part of the Beak & Johnston group, B&J The Kitchen owns convenience food brands such as Strength Meals Co, Simmone Logue, Pasta Master and Artisano. Beak & Johnston will continue operating and producing slow-cooked meats out of their Greenacre facility.
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3 days ago | 
insideretail.us | Sean Cao
Dollar General has reported an uplift in sales for the first quarter, which an analyst considered impressive given the unfavorable macroeconomic environment. The company’s net sales for the quarter ended May 2 rose 5.3 per cent to $10.4 billion, with same-store sales up 2.4 per cent. Operating profit increased 5.5 per cent to $576.1 million and net income grew 7.9 per cent to $391.9 million.
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3 days ago | 
insideretail.co.nz | Sean Cao
Trade Me will take a 50 per cent stake in Stuff Group’s digital business, a partnership it expects will bring benefits to both vendors and buyers. Trade Me has operated an online marketplace for property, motors, and jobs for the past 26 years. Stuff Digital runs the country’s largest news website, Stuff.co.nz, and homegrown social network Neighbourly.
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5 days ago | 
insidesmallbusiness.com.au | Sean Cao
Scam-related losses in the first four months of this year soared 28 per cent to $119 million despite a 24 per cent drop in the number of cases, statistics from reports to Scamwatch shows. The biggest increase in reported losses came from phishing scams, in which scammers impersonate government agencies or financial institutions. Such schemes accounted for $13.7 million in financial losses, compared to $4.6 million last year. Losses to social media scams increased by 30 per cent to $23.4 million.
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5 days ago | 
insideretail.co.nz | Sean Cao
The Outlet will open its doors this week and is set to heat up competitions within the country’s discount retail sector. The launch comes after Tahua Group bought sporting store Torpedo7 for $1 from The Warehouse Group last year. Now it is effectively set to compete against the Red Sheds. Tahua, which also operates Starbucks, Burger King, Popeyes Chicken and Number One Shoes in New Zealand, previously planned to transform 10 of Torpedo7’s stores into a new retailer.
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5 days ago | 
insidefmcg.com.au | Sean Cao
Investment firm KKR is mulling the sale of The Arnott’s Group’s Asian arm, which has attracted the interest from CVC Capital Partners among others, according to the Australian Financial Review. KKR’s adviser UBS reportedly began reaching out to interested parties in April. The sale comes five years after the firm bought Arnott’s from Campbell’s Soup, along with the latter’s international division, for $3.2 billion.
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1 week ago | 
insideretail.asia | Sean Cao
Gap Inc has reported sales uplift for the first quarter driven by the strong performance at its core Gap and Old Navy brands. The company’s net sales for the quarter ended May 3 rose 2 per cent to US$3.5 billion, with comparable sales also up 2 per cent. Operating income increased 26.8 per cent to US$260 million and net income soared 22 per cent to US$193 million.
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1 week ago | 
insideretail.us | Sean Cao
Kohl’s has reported a sales decline for the first quarter, which an analyst attributed mainly to internal factors. The department store chain saw net sales fall 4.1 per cent to $3 billion during the quarter ended May 3, with comparable sales also down 3.9 per cent. “Kohl’s begins its new fiscal year in much the same position as it ended the old one: As a company that has lost the ability to navigate, and which is running up against the rocks,” GlobalData MD Neil Saunders commented.
