Blog: Costco catches Oz by surprise
Dean Best | 13 March 2009
Australia's food retail market is renowned for being one of the most consolidated on the planet. But there is a new kid on the block: the Americans are coming.
US club retailer Costco is to open its first store in Australia in July – some five months ahead of schedule.
News that Costco will open the store in Melbourne came today (13 March) and was a welcome surprise amid the plethora of bad-news stories floating around at the moment.
Coscto is also looking for a suitable site in Sydney and, to herald its entry in Australia, has issued a promotional video – which you can see here.
Now, Australia's grocer market remains dominated by Woolworths Ltd and Coles but, in a market that has faced criticism for being closed to competition, consumers are sure to welcome the appearance of another retailer on the landscape.
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....
Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- Analysis: Chocolate sector's deforestation pledge
- US food next wave on display at Winter Fancy Food
- Kraft Heinz cuts jobs in US, Canada
- Unilever invests in Dutch meat substitute project
- Lactalis fails to hit threshold to delist Parmalat
- Fonterra cuts earnings forecast
- Brazil seeks to cool concerns over meat probe