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December 2017 Month in Review Contents
December 2017 Month in Review Contents Feature – 2017 The year in review 3 QS corner 4 Commercial - Retail 6 Residential 23 Rural 62 Market Indicators 74 Disclaimer This publication presents a generalised overview regarding the state of Australian property markets using property market risk-ranking scales. It is not a guide to individual property assessments and should not be relied upon. Herron Todd White accepts no responsibility for any reliance placed on the commentary and generalised information. Contact Herron Todd White to obtain formal, specific property advice on any matters of interest arising from this publication. All rights reserved. This report can not be reproduced or distributed without written permission of Herron Todd White. Month in Review December 2017 2017 - The year in review We’re about to bring down the shutters on a year full of action. Most of us hoped world events in 2017 would The surprise dark horse in the mix was probably This is also the time of year when we ask our offices provide of less surprises compared to its tumultuous Hobart. Our Apple Isle capital was rediscovered to look back at their hit predictions from February’s predecessor. We’re not sure 2017 delivered in terms by buyers as high yields and beautiful properties, “Year Ahead” issue and tell us how they went. As of a quiet one, but perhaps the new normal has set in coupled with a general economic strengthening, usual, some will be hits – but others will be misses. and we’re all recalibrating our compass. The year still united. The city saw substantial gains in both growth Why not read through and check out each office’s had its moments of tension, brinkmanship and awe and yields in 2017. -
Annual Report 2020
Issue 07 OCTOBER 2020 The 2020 MGATMA Annual Report is inside! RISK • CONTROL • MONITOR Managing the risk of COVID-19 See page 12 YOUR INDUSTRY NEWS PROVIDED BY MGA INDEPENDENT RETAILERS 3 Contents 5 CEO welcome OUR MISSION 6 The case for a national COVID-19 plan The mission of MGA Independent Retailers is to deliver the best possible 8 Preventative maintenance: Keeping your refrigeration industry specific business support equipment in shape services to independent grocery, liquor, 8 New eftpos API program goes live hardware and associate store members. 9 Drakes Supermarkets – A trusted place to shop 10 Heineken® 0.0 leading from the front MGA NATIONAL 11 What does it take to ensure SMEs are digital ready? SUPPORT OFFICE 12 RISK • CONTROL • MONITOR Managing the risk of Suite 5, 1 Milton Parade, Malvern, Victoria, 3144 COVID-19: What does an inspector look for? P: 03 9824 4111 • F: 03 9824 4022 14 Wynns Coonawarra Estate’s Cath Kidman 2020 GT Wine [email protected] • www.mga.asn.au Viticulturist of the year Freecall: 1800 888 479 16 Asahi sells five liquor brands to Heinekin© 17 Overseas licences now accepted as proof of age RETAILER DIRECTORS 18 Iconic West End Brewery to be shut down Debbie Smith (President): Queensland 19 At 87 and in the same job for 61 years, Effie may just be Grant Hinchcliffe (Vice President): Tasmania Adelaide’s most loyal worker Graeme Gough: New South Wales 21 Michael Daly: Victoria 2019 ANNUAL REPORT Financial Year 2020 Ross Anile: Western Australia » Carmel Goldsmith: New South Wales » Benefits of membership -
1 Background
1 Background 1.1 Introduction There has been significant public concern regarding the competitiveness of retail prices in the grocery industry in Australia and the pricing of household grocery products. In particular there is concern that Australia has a highly concentrated grocery industry, and while inflation has been low in Australia over the last few years, grocery food prices have increased at a significantly higher rate than the headline inflation rate. In response to these concerns, the Assistant Treasurer and Minister for Competition Policy and Consumers Affairs wrote to the Australian Competition and Consumer Commission (ACCC) on 22 January 2008, directing the ACCC to hold a public inquiry under Part VIIA of the Trade Practices Act 1974 (the Act) into the competitiveness of retail prices for standard groceries. A copy of this letter is at appendix A. 1.2 Terms of reference The instrument attached to the Assistant Treasurer and Minister for Competition Policy and Consumers Affairs’ letter stated: I, Chris Bowen, Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, pursuant to section 95H(2) the Trade Practices Act 1974, hereby require the Australian Competition and Consumer Commission to hold an inquiry into the competitiveness of retail prices for standard groceries. Matters to be taken into consideration by the inquiry shall include, but not be restricted to: • the current structure of the grocery industry at the supply, wholesale and retail levels including mergers and acquisitions by the national retailers -
The Australian Grocery Sector: Structurally Irredeemable?
THE AUSTRALIAN GROCERY SECTOR: structurally irredeemable? Alexandra Merrett and Rhonda L Smith1 By all appearances, the grocery sector in Australia is less than ideally competitive and indeed less competitive than most other advanced economies. It may be that the size of the Australian economy imposes a natural limit on the market structure whereby the available economies of scale and scope mean that there is only room for two large players. The evidence suggests that, while Coles and Woolworths may have substantial market power, they do not take advantage of such market power by systematic monopoly pricing. Rather, any uses of market power are episodic and appear largely related to non-price conduct. Indeed, it seems the biggest impact for Australian consumers of our present market structure is reduced choice and innovation as sources of supply are rationalised. Australians may therefore need to consider the extent to which they prefer increased choice over lower prices and the convenience of one-stop shops. In considering these issues, this paper attempts to assess anecdotal claims – particularly in relation to ‘must have’ brands and private labels – by reference to available data. In doing so, we highlight several potential uses of publicly available information which may go some way to proving or disproving market power problems in the Australian grocery sector. 1 Alexandra Merrett is a competition lawyer and Senior Fellow at the Melbourne Law School, and may be contacted on [email protected]. Rhonda Smith is an economist and Senior Lecturer at the University of Melbourne. She may be contacted on [email protected]. -
REVIEW of PROPOSED RETAIL DEFINITION ~ NEIGHBOURHOOD SUPERMARKET
REVIEW of PROPOSED RETAIL DEFINITION ~ NEIGHBOURHOOD SUPERMARKET Prepared For: NSW DEPARTMENT of ENVIRONMENT and PLANNING Prepared By: LEYSHON CONSULTING PTY LTD SUITE 1106 LEVEL 11 109 PITT STREET SYDNEY NSW 2000 TELEPHONE (02) 9224-6111 FACSIMILE (02) 9224-6150 REP 1811 JULY 2018 © Leyshon Consulting Pty Ltd 2018 Leyshon Consulting TABLE of CONTENTS Page DISCLAIMER EXECUTIVE SUMMARY . i-ii 1 INTRODUCTION. 1 2 OVERVIEW. 3 2.1 Role of B1 Centres . 3 2.2 Prevalence of B1 Zones . 4 2.3 Characteristics of B1 Centres . 5 3 SUPERMARKET SCALE . 8 3.1 Supermarket Typology . 8 3.2 Supermarket Performance . 9 4 IMPACT on HIERARCHY . 11 4.1 Required Catchment Population. 11 4.2 Potential Impact . 15 5 REVIEW of SUBMISSIONS . 18 6 CONCLUSIONS . 19 6.1 Overview . 19 6.2 Recommended Floorspace Control. 19 6.3 Metropolitan and Regional Settings. 21 LIST of TABLES 4.1 : ESTIMATED POPULATION REQUIRED to SUPPORT NEIGHBOURHOOD SUPERMARKETS 4.2 : SELECTED SYDNEY METROPOLITAN AREA SUBURBAN POPULATIONS, 2016 4.3 : ESTIMATED POTENTIAL IMPACT of NEIGHBOURHOOD SUPERMARKET ($2017) Review of Proposed Retail Definition ~ Neighbourhood Supermarket July 2018 Leyshon Consulting DISCLAIMER This Report has been prepared solely for the purposes recorded at Section 1 of the Report and solely for the benefit of the party to whom the report is addressed. No third party is entitled to rely upon this Report for any purpose without the written consent of Leyshon Consulting Pty Ltd having first been sought and obtained. This Report involves the making of future projections. Those projections are grounded upon the facts and matters contained in this Report. -
Purchase by Woolworths of Hawker
Friends of HAWKER Village Australian Competition and Consumer Commission, Woolworths Limited – proposed acquisition of the Supa IGA supermarket in Hawker, ACT Executive Summary • The major national supermarket firms (Woolworths and Coles) face effective competition in the local area from each other and Aldi along the dimension of price. SupaIGA, however, is the only supermarket currently providing effective competition to those majors along the dimension of grocery choice and locational accessibility and convenience. • The proposed sale will substantially lessen the competition currently provided in the latter dimensions, which are known to be very important to the local population. • We submit that the proposed acquisition should not go ahead. WHO ARE WE? The Friends of Hawker Village is a community association established by local residents on 26 June 2010. Its aims are to enhance the residential, suburban, social and environmental qualities of the Hawker catchment area, through participation, in a non-political environment, by community discussion on and input to planning and land management in the ACT as it impacts on local residents, including through advocacy to the ACT and Commonwealth Governments, and advocacy to and representation before tribunals and courts. A BRIEF HISTORY OF THE HAWKER SHOPS Residential sites in Hawker started being released in 1971. Belconnen consisted then of Aranda, Cook, Macquarie, Page, Scullin, Higgins, Weetangera and Hawker. The main shopping centre for these suburbs was the Jamison Plaza. A map provided about 1971 (on next page) showed the following design for the proposed Hawker shopping centre. The current shops are located on section 33, just south of Belconnen Way. -
Kaufland Australia Proposed Store Oakleigh South, Melbourne Economic Impact Assessment
Kaufland Australia Proposed store Oakleigh South, Melbourne Economic Impact Assessment December 2018 Prepared by: Anthony Dimasi, Managing Director – Dimasi & Co [email protected] Prepared for Kaufland Australia Table of contents Executive summary 1 Introduction 5 Section 1: The supermarket sector – Australia and Victoria 6 Section 2: Kaufland Australia – store format and offer 13 Section 3: Economic Impact Assessment 20 3.1 Site location and context 21 3.2 Trade area analysis 23 3.3 Competition analysis 27 3.4 Estimated sales potential 28 3.5 Economic impacts 30 3.6 Net community benefit assessment 43 Executive summary The Supermarkets & Grocery Stores category is by far the most important retail category in Australia. Total sales recorded by Supermarkets & Grocery Stores as measured by the Australian Bureau of Statistics have increased from $64.5 billion at 2007 to $103.7 billion at 2017, recording average annual growth of 4.9% per annum – despite the impacts of the global financial crisis (GFC). Over this past decade the category has also increased its share of total Australian retail sales from 31.3% to 33.7%. For Victoria, similar trends are evident. Supermarkets and grocery stores’ sales have increased over the past decade at a similar rate to the national average – 4.5% versus 4.9%. The share of total retail sales directed to supermarkets and grocery stores by Victorians has also increased over this period, from 31.6% at 2007 to 32.8% at 2017. Given the importance of the Supermarkets & Grocery Stores category to both the Victorian retail sector and Victorian consumers, the entry of Kaufland into the supermarket sector brings with it enormous potential for significant consumer benefits, as well as broader economic benefits. -
21St October 2016 Ms Anita Allen C/- Department of Planning, Transport
21st October 2016 Ms Anita Allen c/- Department of Planning, Transport and Infrastructure GPO Box 1815 Adelaide SA 5001 [email protected] Re: SAIR Submission – 30 Year Plan for Greater Adelaide - 2016 Update, Draft for Consultation South Australian Independent Retailers (SAIR) representing the Foodland and IGA supermarkets are pleased to provide a submission in relation to the update and review of the 30 Year Plan for Greater Adelaide. SA Independent Retailers acts on behalf of Foodland and IGA supermarkets. There are 115 South Australia based owners operating a total of 236 Foodland, IGA and Friendly Grocer supermarkets across the State, currently employing more than 15,000 South Australians In principle, SAIR are supportive of the updated 30 Year Plan and the various policy themes that will guide land uses development in the Greater Adelaide region. The policies that underpin the key theme of Transit Corridors, Growth Areas and Activity Centres are of key importance to our owners and operators. We note with interest the wording of Policy 8 under this theme; namely P8 Provide retail and other services outside designated activity centres where development will contribute to the principles of accessibility, a transit-focused and connected city, high quality urban design, economic growth and competitiveness Firstly, it would be useful to have some greater clarity around the wording of this policy, particularly in terms of the size and magnitude of retail development and services that could potentially occur outside of a designated activity centres. We are concerned if this policy resulted in the development of new activity centres outside of existing centre zones in an unplanned or ad-hoc manner as has previously occurred in places such as Renmark, where the result has been a fragmented township and the demise of the town’s main street. -
Overview of Australia and New Zealand Supermarkets
OVERVIEW OF KEY AUSTRALASIAN SUPERMARKET RETAILERS Briefing Document September 2003 Coriolis Research Ltd. is a strategic market research firm founded in 1997 and based in Auckland, New Zealand. Coriolis primarily works with clients in the food and fast moving consumer goods supply chain, from primary producers to retailers. In addition to working with clients, Coriolis regularly produces reports on current industry topics. Recent reports have included an analysis of Retail Globalization: Who’s Winning” and answering the question: “Will selling groceries over the internet ever work?” The lead researcher on this report was Tim Morris, one of the founding partners of Coriolis Research. Tim graduated from Cornell University in New York with a degree in Agricultural Economics, with a specialisation in Food Industry Management. Tim has worked for a number of international retailers and manufacturers, including Nestlé, Dreyer’s Ice Cream, Kraft/General Foods, Safeway and Woolworths New Zealand. Before helping to found Coriolis Research, Tim was a consultant for Swander Pace and Company in San Francisco, where he worked on management consulting and acquisition projects for clients including Danone, Heinz, Bestfoods and ConAgra. The coriolis force, named for French physicist Gaspard Coriolis (1792-1843), may be seen on a large scale in the movement of winds and ocean currents on the rotating earth. It dominates weather patterns, producing the counterclockwise flow observed around low-pressure zones in the Northern Hemisphere and the clockwise flow around such zones in the Southern Hemisphere. It is the result of a centripetal force on a mass moving with a velocity radially outward in a rotating plane. -
Urgent Need for Metcash to Arrest Decline
Urgent Need For Metcash To Arrest Decline Mar 18, 2014 -Need to improve IGA relations -Need to arrest declining share -Need to revitalise store traffic By Eva Brocklehurst Brokers are worried about the declining revenue trend and fear dividends may be reduced further. Whatever the outcome of the review, to be revealed on Friday, there will be costs, that's for sure. There is increased competition from the majors as well as Aldi in the key markets of South Australia and Western Australia. JP Morgan fears the execution of the company's plans will go awry because of the lack of vertical integration and fiercely independent retailers with a distrustful attitude. UBS was hopeful back in December that after the re-basing of the earnings profile there would be scope for a re-rating of Metcash. CIMB was one of the most optimistic. The broker liked the stated desire to shift focus away from wholesaling to the consumer but the company had problems with the lack of constructive co-operation from its retailers. Whatever the outcome of the review, the broker noted a lower dividend and reinstated reinvestment program was a sign that Metcash was preparing the balance sheet. Macquarie was not inclined to think the strategic review would do anything to alleviate the downward pressure on the stock. The core food and grocery division experienced a 1.5% fall in revenue in the first half and this was the second consecutive half-year of revenue decline. On an underlying revenue growth basis, adjusting for the Franklins acquisition as well as the closure of Supabarn and Campbell's Warehouse, JP Morgan is disturbed by a trend decline that's been happening since the second half of 2012. -
Return and Earn Annual Statutory Report 2017–18 Contents
RETURN AND EARN ANNUAL STATUTORY REPORT 2017–18 CONTENTS INTRODUCTION 1 GOALS 2 PRIORITIES 2 SCHEME HIGHLIGHTS 3 Litter reduction 3 Resource recovery 3 Community engagement 3 Recycling outcomes 4 HOW THE SCHEME WORKS 5 Funding the scheme .............................................................................. 5 Consumer participation 5 Roles of the organisations behind the scheme 6 MEETING THE SCHEME’S PRIORITIES 8 PRIORITY 1: ESTABLISH AND MANAGE A COST-EFFECTIVE CONTAINER DEPOSIT SCHEME 9 PRIORITY 2: ESTABLISH AND OPTIMISE A NETWORK OF RETURN POINTS 12 PRIORITY 3: ENSURE EFFECTIVE GOVERNANCE TO MITIGATE AND MANAGE RISKS 18 PRIORITY 4: RAISE AWARENESS, AND CHAMPION COMMUNITY PARTICIPATION AND ADVOCACY 24 LOOKING AHEAD 29 APPENDIX Return point operator volumes report 29 Material recovery facility operators volumes report 38 Return and Earn Annual Statutory Report 2017–18 INTRODUCTION SINCE ROLLING OUT efore NSW introduced the Return and Earn scheme, RETURN AND EARN, THE more than 160 million drink containers littered the state’s streets, beaches, waterways and parks. Drink container STATE’S LARGEST LITTER B litter made up 44 per cent of the volume of litter in the state REDUCTION INITIATIVE, and cost more than $162 million a year to manage. NSW HAS SEEN A 33 The NSW Return and Earn container deposit scheme has had PER CENT REDUCTION a strong start with the support of NSW government, industry IN DRINK CONTAINER and the community. An initiative of the NSW Government and LITTER. funded by contributions from the beverage industry, Return and Earn offers consumers a 10c refund for depositing eligible drink containers at return points across the state. Strong consumer participation in the scheme alongside schools, sporting clubs and community groups has resulted in the return of more than 1.02 billion drink containers since launching in December 2017. -
Metcash Limited ABN 32 112 073 480 50 Waterloo Road Macquarie Park NSW 2113 Australia
Metcash Limited ABN 32 112 073 480 50 Waterloo Road Macquarie Park NSW 2113 Australia PO Box 6226 24 June 2013 Silverwater Business Centre NSW 1811 Australia Ph: 61 2 9751 8200 Fax: 61 2 9741 3027 ASX Limited Company Announcements Office Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/ Madam METCASH LIMITED – 2013 FULL YEAR RESULTS PRESENTATION Please find attached the Metcash Limited 2013 Full Year results presentation. Yours faithfully Greg Watson Company Secretary Company Results Full Year Ending 30 April 2013 24 June 2013. Agenda . Andrew Reitzer, CEO Metcash Limited - Group Overview . Silvestro Morabito, COO Metcash Food & Grocery - Divisional Highlights . Fergus Collins, CEO ALM - Divisional Highlights . Mark Laidlaw, CEO Mitre 10 - Divisional Highlights (Hardware & Automotive) . Adrian Gratwicke, CFO Metcash Limited - Financials . Ian Morrice, incoming CEO, Metcash Limited - Future Plans . Questions & Answers 1 1 Overview . Solid Revenue, Profit and Growth: . Wholesale sales up 3.8% . Reported PAT up 128.9% . Underlying PAT up 6.9% to $280.7m . Underlying EPS of 32.6 cps within guidance . Operating Cash Flow up 5.5% to $300m despite Franklins retail losses . Final Dividend 16.5 cps (28.0 cps full year) . Highlights . Franklins sell-off virtually complete . Liquor business maintains momentum . Mitre 10 continued to strengthen network and market position . ABG delivers year one on plan . Capital raising proceeds fully committed 2 2 Overview Group results influenced by: . Continuing elevated marketing intensity in Food & Grocery sector . Cautious, value conscious consumer still shopping for bargains . Deleveraging effect of continued deflation in core grocery . Retail losses on discontinued Franklins operations .