Retail and FMCG Update

By Sarah Adamson

Published on 31-08-2016

FMCG and retail news update with Sarah Adamson

Monash University launches world-class food center

  • The Food Innovation Centre was launched last week to more than 150 food and dairy industry heavyweights.
  • The Centre supports Australian organisations, with a focus on de-risking and accelerating innovations for domestic and export markets.
  • Many saw immediate opportunities in being able to dynamically view on shelf new packaging formats and to interactively test the sales and logistical implications of different layouts in the context of their competitors.

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Global innovations rankings revealed

  • Australia ranked 19th in this year’s index, two places lower than last year.
  • The top five innovators were listed as Switzerland, Sweden, the UK, the US and Finland. The top five has remained relatively unchanged over the past few years.
  • “In this current economic climate, uncovering new sources of growth and leveraging the opportunities raised by global innovation are priorities for all stakeholders.” according to World Intellectual Property Organisation, Director General, Francis Gurry

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Cadbury is Australia’s favourite chocolate brand, Roy Morgan Research

  • Ten of the country’s 15 most widely consumed chocolate bars are produced by Cadbury.
  • In any given four-week period, 52.8 per cent of the Australian population eat at least one chocolate bar, approximately 42 per cent of the population eat chocolate blocks and 18.6 per cent boxed chocolates.
  • The research results confirmed that when it comes to chocolate there is “no such thing as moderation.”

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Reject Shop’s annual profit rises

  • Discount retailer The Reject Shop has posted a full year net profit after tax of $17.1 million, a 20.1 per cent increase from the previous year.
  • The retailer opened 14 new stores during the period, closing six and ended the year with 341 stores operating Australia-wide.
  • "The company's back to basics focus through better understanding customers and being able to craft a unique offer in the market place," said Bill Stevens, Reject Shop chair.

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Coca-Cola Amatil takes healthier approach

  • Coca-Cola Amatil is focusing on smaller cans of soft drink, a lower calorie version of Coke Life and bottled water as consumers turn away from fizzy drinks.
  • “Consumers are more focused on health and have concerns about calorie intake,” Managing Director Alison Watkins said.
  • Watkins said the company was on track to hit its target of mid-single digit earnings per share growth in 2016.

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The Co-op buys Australian Geographic chain

  • Book retailer purchases the Australian Geographic Retail chain from its sole shareholder Myer Family Investments for an undisclosed amount.
  • The acquisition is expected to significantly broaden The Co-Op’s member base and create cross promotional activities for both brands.
  • The Co-op is Australia’s largest member owned retailer with over 1.9 million members, primarily made up of current and former university students who shop at their 63 campus stores and online.

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Get in touch with FMCG expert, Sarah Adamson, for further insights.