Money Coles and Woolies chop butchers' share

03:17  17 april  2018
03:17  17 april  2018 Source:   MSN

Half of Myer shareholders are stuck with stocks too small to sell

  Half of Myer shareholders are stuck with stocks too small to sell At least half of Myer's shareholders are trapped with parcels of stock too small to sell.Shareholdings are considered "unmarketable" when their value dips below $500, because they are difficult to sell and the cost of doing so can eat up much of their sale value.

A new report by Ray Morgan has found that Aussies are more likely to purchase meat from Coles and Woolworths than they are local butchers . The analysis claimed that 50 per cent of Australia’s billion fresh meat market is a result of meat sold in Coles and Woolies .

CHOP Butchery & Charcuterie. Info. Email.

Australia's two major supermarket chains now control just over 50 percent of the country's $13 billion-plus fresh meat market - at the expense of butchers.© AAP Image/Dan Peled Australia's two major supermarket chains now control just over 50 percent of the country's $13 billion-plus fresh meat market - at the expense of butchers. Butchers have suffered their steepest fall in customers in a decade as Coles and Woolworths gobble up a bigger share of Australia's $13 billion fresh meat market.

The supermarket giants have taken their share of the market past 50 percent for the first time, according to research firm Roy Morgan.

Traditional butchers and markets now hold only 24 percent of the market, compared with 32 percent 10 years ago.

Roy Morgan chief executive Michele Levine says the domination of Coles and Woolworths - driven by fierce price competition - has come at the butchers' expense.

Ridiculous reason retiree's car insurance was rejected

  Ridiculous reason retiree's car insurance was rejected We all know the frustration of dealing with unreasonable sales people, suppliers or government departments on the phone line. But David Hanison’s experience takes the cake.He’s a loyal, long term customer, but even that meant little to the people down the other end of the phone line.On the surface it just shouldn’t have been that hard.© 9news However, he could not get his new second-hand car insured because of this dent. David upgraded his old car to a second-hand car that was not so old.So when he rang his insurer Coles to give them the details he was very honest. In fact, too honest, he now thinks.

Share this thread Have a butcher in my local shopping complex. He has to compete with Coles , Woolies and Aldi. Always busy with people coming from far and wide.

I try to use small local shops where possible, a bit at Coles , Woolies or Aldi but the bulk at our equivalent of IGA. Butchers ' section - also poor. A lot of very low / poor quality meat, poor practices when it comes to replacing use by dates, and again, have had 'off' meat from Woolies .

"In the last 12 months, fresh meat market share for butchers and markets dropped three percent points," Mr Levine said.

"This is the steepest drop of any time period in the last decade."

He said Coles and Woolworths have enjoyed stronger growth in the meat market than German discount chain Aldi.

However, Aldi has also taken share away from butchers and the threat of other foreign entrants - including European chains Kaufland or Lidl - does not bode well for butchers.

"The arrival of new 'cashed-up' competitors keen to make a sizeable dent in Australia's supermarket retailing landscape means the pressure on smaller specialist retailers including butchers and markets will only increase in coming years," Mr Levine said.

The research involved a survey of 50,000 people, including 12,000 grocery shoppers.

'There was blood dripping all over the place': Horrified onlookers scream for police as shirtless man and tattooed dad brawl inside a Coles supermarket .
Two men have been filmed brawling in a Chermside Coles as bystanders threaten to call police and attempt to break it up. It's not clear what sparked the fight but the men were throwing wild punches.Two men have traded blows in front of horrified customers in the dairy aisle of a Coles supermarket.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!