Why 7-Eleven is offloading Aussie stores in a volatile convenience market
7-Eleven is unloading its Australian fuel and convenience business as the sector faces a raft of challenges.
Source: insideretail.asia
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Agribusiness buzz in brief
A quick look at what some of the movers and shakers in agribusiness are doing and talking about.
Source: farmweekly.com.au
ASX VEA: Viva closes deal for Coles Express to accelerate convenience shift
The deal for the 700 convenience stores will allow Viva Energy to accelerate its retail shift amid a rise in EVs that threatens its traditional business.
Source: afr.com
Coles posts rise in quarterly sales to $9.7billion shrugging off Aussies' cost of living pressures
Coles' total group sales in the third quarter grew 6.5 per cent to $9.7billion, with supermarket sales up 7.0 per cent to $8.6b and liquor sales rising 2.6 per cent to $801m, it reported on Friday.
Source: dailymail.co.uk
Coles incoming CEO Leah Weckert says quarterly price rise requests from supplies has eased
Consumers gained some reprieve as the prices of fresh food including lettuce and cucumbers fell while dry goods was still high.
Source: afr.com