Woolworths to launch online marketplace Woolworths has taken an equity stake in tech start-up Marketplacer and will launch its own online marketplace later this year.
Business by ELI GREENBLAT
Premium Content
Subscriber only Woolworths has taken an equity stake in tech start-up Marketplacer and will launch its own online marketplace later this year. The new marketplace will initially sell general merchandise typically offered by its Big W chain, followed by a broader offer that includes food and groceries. Woolworths is the latest retailer to jump on the online marketplace bandwagon, with some of the country s biggest chains inlcuding Myer, Bunnings and surfwear brand SurfStitch diving into the retail platform to attract more shoppers to their sites.
Woolworths to launch online marketplace
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Woolworths to launch online marketplace
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Behind the warehouse lockout in Australia: Coles and the corporate restructuring offensive
Australian supermarket and retail chain, the Coles Group, last week “indefinitely” extended the three-month lockout of workers at its Smeaton Grange warehouse in southwestern Sydney. This is part of an attempt by Coles, one of the country’s largest companies and employers, to satisfy the dictates of the global financial markets, which are demanding higher investment returns and share prices.
The most immediate objective of the extension of the lockout is to starve workers into accepting a sell-out deal, pushed by the United Workers Union (UWU), that would result in the closure of the facility and the destruction of most, if not all, of the 350 jobs there. In a critical stand, the Smeaton Grange workers voted on February 2 to reject the company-UWU agreement.
Switzer Daily
28 January 2021
Australian retail investors
have been prevented from taking a decent bite out of the fast food sector to
date, which is a pity given its proven resilient qualities.
Market leader McDonald’s
is listed in the US, but not here, while Red Rooster and Hungry Jack’s are
privately owned. KFC’s ownership is more complex.
According to research
house IBISWorld, the $20 billion fast food sector has grown at a steady 1% per
annum over the last five years, with 2021 performance expected to dip 0.8% as a
result of the pandemic that crimped in-house dining.
Amid these resilient
trading conditions, the menu of ASX-listed plays is likely to expand, with