Business
Woolworths has raised full-year profit by 7.2 per cent to $1.75 billion after a robust second-half performance by its Australian supermarkets offset softness at Big W and the liquor division.
Business
Coles says its supermarkets will make $1 billion in cumulative savings over the next three years thanks to investments in technology, automation, and artificial intelligence.
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Metcash shares have continued to fall, tumbling nearly seven per cent a day after the company said it sees more tough times ahead in the supermarket sector.
Metcash will be hit with a $352 million impairment charge after one of its customers shunned its new South Australian distribution centre.
Supermarket giants Coles and Woolworths are stepping up their war on plastic, introducing new targets to slash the amount of wrapping on fresh fruit and vegetables as well as tackling food waste.
The poor eating habits of many Australians appear to mimic supermarket catalogues, filled with too much junk food and soft drinks and not enough fruit and vegetables, a study has found.
