Monday 25 November 2013

Retail News Shorts

Food Growing - in the 12 months to September Australian retail turnover grew by 2.9% while food grew by 3.75%. And that trend is a continuation of recent experience with food growing by an average of 5.3% over the last 10 years while retailing generally grew at 4.2%.

Kogan Gatecrashes Click Frenzy Event - Online retailer Kogan has been issued with a cease-and-desist letter after conducting its own Click Frenzy sale outside the official event. Kogan said that nobody should own Christmas Day, Boxing Day or Online Sales events. Kogan had shown interest in participating in last years event but were put off by the $30,000 fee.

Coles and Woolworths Code of Conduct - Coles and Woolworths are about to sign up to a voluntary code of conduct, subject to ACCC ratification. This follows complaints, particularly from smaller suppliers, that the supermarket duopoly was abusing its power. Just in case you doubt that abuse claim we note that the two supermarket giants will no longer be able to charge suppliers for goods stolen from their supermarkets........Honestly?