Following Cole's decision to discount prices on more products, some retail body associations have shown their support for it while it's being dismissed by others.
The AFGC CHEP Retail Index predicts a year-on-year growth of 2.9 per cent for the December quarter.
The retail industry has been able to enjoy a brief upswing in the June quarter, according to the latest AFGC CHEP Retail Index.
The AFGC CHEP retail index forecasts that there will be a subdued growth for the retail sector in the March quarter, which is traditionally one of the slowest trading periods of the year
According to a competitiveness study by KPMG the rising manufacturing costs are heavily impacting the industry's profitability, growth and ability to innovate and create jobs.
Federal industry minister Kim Carr has lashed out at supermarket giants Coles and Woolworths for abusing market power.
GS1 Australia, AFGC and ECRA have launched a national product recall service to remove potentially harmful grocery, food, liquor and other products from the supply chain.
The AFGC CHEP Retail Index increased by a rate of 3.2 per cent year-on-year while for the June quarter as a whole, the index rose by 3.1 per cent year-on-year.
The carbon pricing package will see retailers face increasing operaton costs throughout the supply chain and fewer goods being bought my consumers.
DIG thumbnail labels already feature on more than 4000 supermarket products across Australia and Woolworths’ plans to increase the use of DIG to its full range of products within the next 12 months.
The AFGC CHEP Retail Index shows retail trade activity picking up through the June quarter of 2011 as it is moving at a faster annual real growth rate.