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The Australian Competition and Consumer Commission has announced that agreement had been reached with Coles Group Limited and Woolworths Limited to phase out all restrictive provisions in supermarket leases.
Graeme Samuel, chair of the Australian Competition and Consumer Commission called for a ‘reality check’ in the debate around food inflation and the dominance of two players in the grocery market.
Continue reading …In what is seen as a strategic move to destabilise the Wesfarmers Group, Woolworths has teamed up with US giant Lowe’s Companies to launch a new chain of hardware stores.
Continue reading …Major retailers’ refusal to pass a fuel levy on to truck drivers is illegal and the Australian Competition and Consumer Commission (ACCC) may take action to tackle this, federal infrastructure minister Anthony Albanese has said.
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Property developer Lang Walker’s major projects in Melbourne and South East Queensland may reinvigorate the troubled commercial property sector.
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Truck drivers are calling for a cost recovery system to help sustain the trucking industry amid soaring fuel prices, as their protest against major retailers continues.
Continue reading …Linfox has achieved a major milestone in its five-year plan with a $1 billion Coles contract, but is pessimistic about the Australian economy.
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Australia’s largest retailer, Woolworths, has awarded a 40 million-dollar supply contract to a second-tier privately owned transport and logistics company.
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Mick McMahon, currently chief operating officer of Coles, will take up an old/new senior position after Ian McLeod starts later this month as managing director of the Coles division of Wesfarmers.
Continue reading …While the trucking industry continues to attack major retailers arguing they are refusing to pay fuel levies to drivers, Woolworths has said the industry is wrongfully placing the blame on the company.
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