Home' Convenience and Impulse Retailing : October 2010 Contents Snippets
October 2010 | C&I | www.c-store.com.au
Retailers are in for 'another tough year
ahead' says the Australian Retailers
Association, based on the results of an
online poll conducted by Interconsult.
In a survey of 1006 people across
Australia conducted before the election,
it found three in four planned to become
thriftier by spending less, seeking
out sales (61 per cent) or cutting their
spending drastically (14 per cent) in the
next 12 months.
Other findings included:
• 65 per cent believe in saving not
• 55 per cent shop at different store for
price over convenience
• Almost half would forgo best brand for
• 52 per cent spend time researching
price online before buying
ARA executive director, Russell
Zimmerman, said results from the ARA
Consumer Spending Confidence Survey
showing that two thirds of consumers
felt saving was more important than
spending, spelled bad news for retailers
who had been hoping spring sales would
bump-up otherwise dismal trade.
"It seems consumers' penchant for
spending less and saving more has more
to do with the nation's economic conditions
than individual incomes with 45 per cent
expecting no change in their current
financial situation but over 60 per cent
uncertain about financial times ahead for
"However, the level of disposable household
income did impact spending plans for the
next 12 months, with the 25 per cent of
respondents who reported they wouldn't
change their current spending habits, Mr
The survey results can be found at www.
retail.org.au or retailers can phone 1300 368
041 for a full free copy.
(Inside Retailing Online 30/8/2010)
'Bleak' retail outlook says ARA
Japanese company, Asahi Breweries Ltd, has entered into a share purchase agreement to acquire 100% of the issued shares of P&N Beverages
Australia Pty Ltd (P&N), the third largest soft drink company by volume in Australia.
The agreement is subject to regulatory approvals from the Australian Competition and Consumer Commission and the Foreign Investment Review
Board. The acquisition is expected to be completed by the end of November 2010.
Following the acquisition of Schweppes Holdings Pty Ltd in April 2009, this latest acquisition will further strengthen Asahi's Australian and
overseas soft drinks business. Through integrating P&N and Schweppes, Asahi aims to capture synergies across its companies and establish a
solid platform in Australia that will facilitate Asahi group companies' growth in Oceania.
The total purchase price for this transaction is $A364 million and will be subject to price adjustments at completion of acquisition of P&N.
P&N acquired by Asahi Breweries
Metcash has been granted an interim
injunction preventing Jardim Investments
from acquiring a controlling stake in rival
Jardim is a family company controlled by
former IGA Distribution chief Lou Jardin,
seen by Spar as a 'white knight' to rescue
the company after it posted a loss of $5.9
million last year. Spar remains a minor
player in the retail grocery sector, supplying
about 150 stores.
Metcash took the action in the courts to
frustrate Spar's plans, arguing Jardin
was subject to a non-compete agreement
preventing him from working for a
competitor until March 2011.
Jardim plans to invest $2 million in Spar to
gain a controlling 51 per cent interest. Spar's
shareholders approved the deal yesterday.
But the injunction granted by Justice Michael
Ball in the NSW Supreme Court blocks Jardim
from acquiring or taking more than five per
cent until September 15. Metcash's court action
commences on September 13.
Spar MD Leigh Carson told the Australian
Financial Review newspaper that Metcash
accounts for 98 per cent of the grocery
wholesaling market in Australia; if Spar does
not survive, Metcash will have a monopoly over
grocery distribution to independent retailers.
He condemned Metcash's court action as anti-
competitive. (Inside Retailing, 1/9/10)
Metcash wins injunction against Spar investor
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