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The rush of last year’s panic buying has come back to bite supermarket giant Coles, with the retailer reporting a fall in supermarket sales for the first three months of the year. ....
RBA should resist inflating inflation fears Inflation talk dominates global financial markets. But central banks should only raise rates when they see signs of actual, sustained price increases. Apr 28, 2021 â 10.30pm Save Share Inflation talk is everywhere in financial markets right now â except, apparently, where it matters most. Anecdotal evidence of inflation might be everywhere, but itâs not showing up in data yet.  David Rowe On Tuesday it was plumbing supplies group Reliance Worldwide warning that it was being forced to push through higher copper prices. Last week it was Kogan.com pointing to higher shipping costs. The week before it was miner Mineral Resources warning of a margin squeeze due to higher labour costs as truck drivers became harder to find. ....
Australia's border strength morphs into weakness reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Coles sales fall as shopping habits get back to normal after panic-buying boom smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
âPrice cuts will comeâ: suppliers brace for new food fight Save Share Food and grocery suppliers are bracing for pressure on pricing and margins amid a new battle for market share between Coles, Woolworths and Metcash, as food retailers cycle sales growth inflated by panic spending 12 months ago. Coles and Woolworths have been approaching suppliers in recent weeks and asking them to fund temporary and permanent price reductions, adding to growing fears of a new price or marketing war between the two supermarket giants. Suppliers fear a margin squeeze if Coles and Woolworths push for price cuts when commodity costs are rising. Â ....