Woolies shoppers going from fresh to frozen in cost of living crunch | MsEmmaK
Woolworths boss Brad Banducci says Australians are gradually starting to change how they shop as inflation bites, trading down beef to cheaper proteins and stocking up on more canned produce.
Sales at Woolworths supermarkets were up 4.5 per cent to $45.5 billion, while Big W revenues dropped 3.3 per cent to $4.4 billion, with virus-related disruptions felt across the year. Woolworths CEO Brad Banducci said it was clear that cost of living pressures were changing how people shopped.Banducci said that while it was difficult to separate current shopper trends from the impacts of the pandemic, it was clear that cost of living pressures were changing how people shopped.
“In the context of that, we [also] recognise that growers are facing elevated costs. We need to be sensible around those cost increases, because they are real,” he said.“Frozen vegetables can have all of the same flavour and nutrients as fresh.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sacked former NBN director Brad Orgill lists $10m Mosman home - realestate.com.auThe stunning Georgian revival style house of sacked former NBN director Brad Orgill has claims on being one of northern Sydney’s best trophy homes.
Read more »
Inside the honesty session the Eels hope can spark a premiership runIf Parramatta go on to do something special in their premiership campaign, the turning point came in Brad Arthur’s office after the loss to South Sydney | proshenks
Read more »
Lamingtons creamed by wages crunch, dairy costsTokyo Lamington owner Min Chai has increased the price of his signature lamington to $7.50 as the small business owner deals with rising costs.
Read more »
7-Eleven to double the price of its famous coffee7-Eleven&x27;s famous $1 coffees and Slurpees are about to become the latest victims of Australia&x27;s cost of living crisis.
Read more »
Warning issued over ‘dangerous’ online energy saving hacks. Are you at risk?The cost of living crisis has seen thousands turn to the internet for ways to reduce their energy usage - but experts warn they could do more harm than good. 7NEWS
Read more »