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The class action relates to the Australian Competition and Consumer Commission (ACCC)’s allegations that the supermarkets increased the prices of the products by 15 per cent for a brief period before being subjected to Woolworths’ ‘Prices Dropped’ and Coles’ ‘Down Down’ promotions.
JB Hi-Fi’s subsidiary The Good Guys is facing legal action from the Australian Competition and Consumer Commission (ACCC) for alleged deceptive misrepresentations around its ‘StoreCash’ promotions. The post ACCC sues The Good Guys over dodgy promotions appeared first on Inside Retail Australia.
The ACCC alleged that the supermarkets increased the prices of the products by 15 per cent for a brief period before being subjected to Woolworths’ ‘Prices Dropped’ and Coles’ ‘Down Down’ promotions. ” The ACCC filed separate proceedings in the Federal Court against Woolworths and Coles. .
The post Krispy Kreme promotes ANZ head to global COO role appeared first on Inside Retail Australia. Earlier, Krispy Kreme reported its net revenue for the third quarter fell 6.8 per cent to $380 million, but its organic revenue grew 3.5 per cent to $376.4
Speaker: Jennifer Hileman - Director, Retail Data & Technology at Orium, and Zach Ettelman - Solutions Partner Team in North America at Talon.One
Mastering Loyalty in Modern Retail: Explore the art of loyalty and promotional strategies that engage today’s shoppers. Key Insights: Retail Agility with Composable Solutions: Learn how adopting a composable approach can help your business thrive, through the holiday frenzy and the entire year of 2024.
The post Domino’s Pizza promotes Kerri Hayman to ANZ CEO appeared first on Inside Retail Australia. .” As a COO, Hayman launched the Women in Domino’s grant, supporting seven young female store managers to become franchise partners. The program is now being expanded to develop store managers to entrepreneurs.
Coles has the most confusing promotional labels, consumer advocacy group Choice said as it calls for supermarkets to make their tags clear and easy to understand for shoppers. “The current promotion was for a discount that was applied about five years earlier,” the consumer advocacy group said.
Australian retail sales slightly rose year over year in May as shoppers took advantage of early end-of-financial-year (EOFY) promotions and sales events. ” The post Retail sales grow in May amid early EOFY promotions appeared first on Inside Retail Australia. billion during the month. Department store sales also declined 1.7
“During the quarter, promotional intensity lifted across the sector as customers became increasingly value conscious,” said Steve Donohue, Endeavour Group MD and CEO. The company ended the quarter with 1725 stores after opening three new BWS stores and closing six.
Your promotion vehicles are next in the retail comms framework. These promotional vehicles can take different forms. Here are some great examples of promotional vehicles that ladder up to a CVP. A brand-building, traffic-driving promotional vehicle that cuts through culture. Firstly, Aldi Special Buys.
When Influencers Backfire: The Pitfalls of Inauthenticity With more and more influencers entering the market daily, a significant portion of content can feel repetitive, shallow, or overly promotional. Consumers should be wary of influencers who promote products in rapid succession, often with little relevance to their usual content.
” The post Coles Liquor teams up with DrinkWise to promote responsible drinking appeared first on Inside Retail Australia. That’s why we’re increasing our efforts, through partnerships like this one with Coles Liquor , to ensure Australians can easily access support.”
Coles and Woolworths intend to defend themselves against the accusations of misleading promotions and illusory sales. But if the ACCC and the class action succeed, Coles and Woolworths will have to revise their value proposition and promotional tactics.
Woolworths fared the worst of the two, starting 2024 with a controversial decision not to promote Australia Day merchandise and ending the year with a distribution centre employee strike costing tens of millions of dollars and ravaging supermarket shelves. billion, but booked provisions worth $1.6
“Over the course of the first quarter we addressed the softer trading conditions and continued heightened promotional activity in the global luxury sector by optimising operating settings to reflect our increased emphasis on profitability,” said Dean Mintz, Cettire’s founder and CEO.
The Black Friday Cyber Monday sales period has expanded to become ‘Black November’ this year, with many retailers and brands starting their promotions earlier than ever. In 2021, the business went live with its promotions on November 18, in 2022 on November 15 and last year on November 9. This presents a predicament for retailers.
Sale events and promotions will be run in all stores, and the timing of individual store closures will depend on stock levels. The receivers and managers of Mosaic Brands Group announced the closure of the apparel brand on Thursday. The shutdown will impact 136 Rivers stores and approximately 650 employees.
The company said its continued focus on pricing and promotion management helped expand gross margin to 82.4 The jewellery and accessories retailer’s profit grew 6.5 per cent to $56.9 million as revenue climbed 8.8 per cent to $405.9 million and comparable store sales rose 0.1
” The new store offers exclusive promotions, including gifts with purchases and complimentary beverages during the opening week. . “We’re excited to introduce Rag & Bone to a new audience and provide a place where our customers can explore the latest collections in person.”
A strategic decision to invest incremental profitability in marketing and promotional activity from November helped the company to achieve accelerated topline growth, the company elaborated. In addition, Kogan launched the Mighty Ape Marketplace and enhanced the Primate loyalty program.
“The popularity of Black Friday sales continues to grow with promotional activity now stretching across the entire month of November, not just solely focused on the Black Friday weekend.” ” November sales jumped 3 per cent to $36.51 billion.
In January, the inquiry was initiated in response to a directive from the Australian Government due to concerns about supermarket pricing practices, including the potential use of false or misleading “was/now” pricing and “special” promotions.
. “We have worked hard to deliver value to customers in H1, but we know we have more opportunities to help customers find value when they shop with us, including clearer promotions, improved ticketing and online resources to explain pricing,” said Bardwell. ” New Zealand food sales inched 0.9 per cent higher to $3.9
Coles reported greater first-quarter sales revenue last month, which the supermarket company attributed to its winter and spring value campaigns, promotional activity, and strong e-commerce growth. The launch also marks Instacart’s first foray into the Apac region, in addition to its operation in the US.
According to the company, the key initiatives of its three-year strategy include improving the quality of earnings through promotional events, accelerated growth of owned brands, and operating cost and working capital efficiencies.
Camilla entered Heinemann Australia’s duty-free store at Sydney Airport in 2023 as part of a pop-up promotion. Under Rebecca’s direction, the brand is planning an ambitious expansion in the US, with multiple shop openings planned for major areas this year.
First-party data allows customers to be segmented into groups that brands can tailor relevant, timely promotions to – no more emails promoting children’s clothing to bachelors who have only ever bought menswear from you, for example. “If you know who someone is, you’ve got their details; that’s very powerful.”
Promotions are an essential part of a retailers strategy to drive sales, attract new customers, and build customer loyalty. Retailers use a wide variety of promotional tactics, from discounts to loyalty programmes, to encourage customers to make purchases.
“We remain focused on continued expansion of gross margins through growth of our owned brands, further growth of retail media, refined promotional cadence and disciplined inventory management,” said Sacha Laing, Adore Beauty CEO. However, its net profit attributable to shareholders declined 36.6
If you can prove that someone’s copied your idea or that they are using your images to promote their product, you can get it taken down pretty quickly now, he followed. It appears that despite the latest dupe incident with Anko, Gransbury remains in two minds about when and where to patent his creations.
The approach of offering fewer products while increasing promotional impact reflects how a retailer like Currys is refining its strategy to balance consumer preferences with enticing deals to consumers. The average price of a wearable this year came in at £287.80, down by 8.55% compared to 2023’s average of £313.83.
Next-level personalisation “When I joined about two and a half years ago, we had a national website, and it was very much one national website with the same range, the same content, the same promotional cadence for customers in Melbourne and customers in Perth,” Kismet explained.
Flooring choices that contribute to reduced carbon footprints and promote longevity reflect well on retailers’ brands and with luxury vinyl tile (LVT) flooring, it’s also an opportunity to support long-term cost savings by reducing the frequency of replacements, which ultimately benefits both the environment and the retailer.”
That’s different store locations, layouts, mobile apps, products, promotions, delivery promises, loyalty programs, and subscriptions, just to fill the fridge and pantry,” he added. “In the average month, you might shop at a half dozen different places for groceries and everyday essentials, like personal and household goods,” shared Hoggett.
These all represent opportunities to promote gift cards for such experiences to those who plan in advance of Valentines Day, such as in January. Run promotions asking users to nominate their best friends for a chance to win friendship-themed hampers or experiences. There are a host of ways this can be achieved. Some examples below.
easy dot ® PET silver L-UV is a PVC-free film with a highly polished silver chrome metallised finish that adds a touch of elegance and luxury to window displays, in-store advertising and sales promotions. Dorotape are delighted to announce the launch of a new addition to the easy dot ® range of digital printable media.
JB Hi-Fi’s net income grew in the half year ended December 31, thanks to higher sales bolstered by Black Friday and Boxing Day promotions. The consumer electronics retailer’s net income climbed 8 per cent year over year to $285.4 million as sales jumped 9.8 per cent to $5.67 JB Hi-Fi Australia’s sales rose 7.2 per cent.
In translating its latest collection into Bitmoji avatars, Valentino promotes individual expression and fosters an ever more global community through the brand’s most iconic motifs.” Valentino’s exploration of the digital stems from its values of individuality and community. “In
The brand’s organic momentum on social media has helped amplify awareness across a broader target demographic, from Pilates princesses to sneaker enthusiasts.
Retailers will need to adapt by promoting products that resonate with consumers seeking value. Promotions and discounts: A new strategy As competition heats up, retailers are exploring new promotional and ‘touch point’ strategies. Retailers need to leverage this trend to prepare for an earlier holiday season.
While events and promotions can help drive foot traffic and increase sales, they do take a lot of time and effort so it’s important to get the planning and execution right. Set realistic and measurable targets and outcomes for every event and promotion so you can build on successes and learn from mistakes.
Early promotions captured a significant share of the festive budget, allowing consumers to plan purchases while taking advantage of discounts. For retailers, its a wake-up call to focus on delivering value-driven promotions and meaningful incentives like free shipping and rewards.
Across the group, the inflationary pressures necessitated more promotional activity to keep stock turning over. The group’s statutory net profit declined 9 per cent to $130 million despite sales increasing 4 per cent to $2.11 Both Supercheap Auto and Macpac’s sales rose 1.7 per cent while Rebel and BCF grew 4.4 per cent and 6.9
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