Tag Archives: IBISWorld

Wesfarmers and Woolies among Australia’s top 10 companies

Wesfarmers and Woolies have taken two of the top spots in IBISWorld’s 2018 list of Australia’s Top 1000 companies. Significantly, given the rapidly evolving retail landscape, online shopping businesses were among the biggest movers. “The firms on IBISWorld’s 2018 Top 1000 list account for $2.22 trillion in revenue,” IBISWorld Senior …

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Growing pains: cost of raising infants up by a quarter

The cost of raising a newborn from birth to four years old has risen by 26.3 per cent over the past five years, according to IBISWorld, with childcare the most “significant” cost. The industry research company estimates that Australian parents will spend more than $13.2 billion in 2018-19. Costs include …

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Online grocery latest ‘battleground’ for supermarkets

Online grocery retailing is the latest “battleground” for supermarkets, according to industry research company IBISWorld. Coles, Woolworths and others are busy ramping up their click and collect services. IBISWorld predicts the online grocery sales industry to generate $3.3 billion in revenue in 2018-19. Bricks-and-mortar supermarkets will generate $103.4 billion, the …

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Health consciousness to ‘limit’ Christmas alcohol sales

Although prosecco, craft beers and rosé will be the most popular drinks this Christmas, says IBISWorld, alcohol consumption is falling. One of the lifestyle trends behind this fall in per capita (per person) alcohol consumption is greater health consciousness. But the same trend is also driving demand for kombucha and …

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Cost of living changing traditional Christmas gifts

Rising living costs and stagnant wage growth are affecting the kinds of Christmas gifts Australians are buying, according to IBISWorld. They’re also causing Aussies to tighten their belts. The market-research company predicts Christmas spending will grow by just 1.2 per cent in 2018 compared with 2017. Rather than splashing out, …

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IBISWorld: Coles must invest to catch Woolworths

Coles is set to be a standalone company for the first time in a decade. Investment is therefore key to its future success, says market-research company IBISWorld. As parent company Wesfarmers presses on with demerging its supermarket division, Coles will have to fend for itself. IBISWorld says Coles must capitalise …

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Woolworths still outperforming Coles

Woolworths continues to have the edge on arch supermarket rival Coles, IBISWorld’s latest revenue-growth figures suggest. Woolworths has posted 3.4 per cent revenue growth in 2017-18. The company’s comparable sales growth in its supermarkets business totalled 4.3 per cent. According to IBISWorld, this boost in revenue continues to add to …

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Wesfarmers’ write-downs put dent in profits

Wesfarmers has posted a significant decline in its net profit after tax for the 2017-18 financial year, according to IBISWorld. IBISWorld says the results clearly show the effects of impairment charges on its Target and Bunnings UK businesses. Revenue improved by three per cent, including an 8.9 per cent increase …

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The state of supermarkets and grocery industry

According to IBISWorld’s Supermarket and Grocery Stores industry report ‘Checkout Update Q1 2018,’ the $102 billion industry is expected to grow by 2.2 per cent in 2017-18, largely due to rising demand for premium food products, such as organic fruit and vegetables. This follows on from a 0.6 per cent …

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Australian supermarkets’ changing fortunes

Strong price competition between the major players caused total revenue in the supermarkets and grocery-stores industry to decline slightly in 2016-17, according to IBISWorld’s latest Checkout Update report for Q4 2017. The report, based on the latest financial data released by the major players, details how the $101 billion industry, …

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