News
Domino's asks customers to 'Taste the Colour' in massive menu launch
Domino's asks customers to 'Taste the Colour' in massive menu launch
The brand announced its biggest menu launch since 2008, set to hit stores from Monday 19 September.
SumoSalad introduces the Double Caesar Salad
The healthy food chain unveiled a new limited edition salad that doubles the protein at a lower price tag.
Donut King unveils emoji donuts
The brand launched a new range of edible donut emojis, allowing customers to express their emotions and eat them too.
Gelato Messina opens Circular Quay location
The gelato chain opened its first Sydney CBD location, opening up in Gateway - the new food precinct in Sydney’s city foreshore.
Deloitte: Income squeeze slams retail in food categories
Weak underlying income growth is squeezing retail turnover in food categories, while non-food categories are still benefiting from low interest rates and asset price inflation, according to the latest retail forecast by consulting firm Deloitte. "Overall, real (inflation-adjusted) retail sales growth was 2.5% over 2015-16, which was a moderated rate compared with the 3.3% growth seen over 2014-15. We expect that retail sales growth could slow further to 2.0% over 2016-17, before recovering somewhat to 3.0% over 2017-18," the company said in its forecast. "Interest rates are expected to be ‘lower for longer’, as inflation is barely registering and, while growth is OK, it is below trend globally and at risk of returning below trend here." As interest rates fall, asset prices rise. According to the forecast, share market values have moved up in August despite a lack of equivalent strength observed in profit reports, suggesting that share prices are being driven by cheaper finance rather than better returns. House prices, meanwhile, have been rising for some time now, but house prices continuing its strong growth in Sydney and Melbourne (despite increases in new supply) suggests there may be overvaluation in this market as well. For now, weak underlying income growth has slammed food retail, but low interest rates and asset inflation are saving non-food sales. In total, the value of non-food turnover increased by 3.4% over the year to June 2016 in real terms, while food turnover growth was just 0.7% for the same period. While supermarkets have survived the competitive environment by pushing down supplier prices, costs may not have much further to fall and profits are being squeezed. Supermarket and catered food operators are now relying on population growth to increase their sales, as real retail turnover per capita decreases. Australia’s non-food retail spending has moved on from household goods. Last year, the strong growth in housing activity spurred household goods turnover, while this year is characterised by growth in apparel and department stores. These new growth categories are driven as much by supply side circumstances as they are by demand. Transformation strategies by Myer, David Jones and Kmart/Target, as well as the hype surrounding competitive international fashion entrants has had a huge effect on turnover in these categories. Retail turnover by State is characterised by a two-speed split. Slowdown in resource rich States (Western Australia, Queensland and the Northern Territory) is contrasted by stronger conditions in the likes of New South Wales and Victoria. That is a direct reflection of the shift from a mining construction boom to a housing construction boom, with the big States of the south and east getting the upside from that baton pass.
Allegro acquires Pizza Hut
Australian private equity fund manager Allegro, together with a local management buy-in (MBI) team, acquired the master franchisee licence for Pizza Hut in Australia from Yum! Brands.
Muffin Break launches 2016 Great Bake Sale
The brand launched the 2016 Great Bake Sale on Monday 29th August 2016, encouraging schools across the nation to take part in its annual fundraising campaign.
Yum! Brands completes franchise negotiations with Allegro
Pizza Hut Australia, owned by Yum! Brands, announced the completion of its negotiations with independently owned Australian fund manager Allegro regarding a master franchising arrangement, effective September 6.
Freshii to arrive in Australia
Freshii, the international health-casual restaurant business, has announced its official plans to expand to Australia.
Gelatissimo unveils the 'Rock your World' gelato donut
This September, the gelato brand launched a new flavour for its Gelato Donut in celebration of the offering's first anniversary.
Learn Why Millennials Feel Ignored By Hospitality Employers
You would think hospitality employers would be lining up to listen to their millennial staff in order to gain insights from the same cohort they are trying to attract to their hotels and restaurants, but a large majority of them do not even bother trying.
Little Caesars announce new stores to open across Sydney
The pizza chain is set for expansion with three new stores opening in Sydney this year.
Domino's teams up with Flirtey for CAA-Approved drone deliveries
Domino's joined forces with one of the global leaders in drone deliveries, Flirtey to launch the first commercial drone delivery service in the world.
Michel's Patisserie gives away cakes at hospital
The bakery chain surprised teachers and volunteers at Lady Cilento Children's Hospital School when it gave away an array of cakes for their hard work and dedication to the local community.
Gelatissimo unveils new edible 'Movie Night'
Gelatissimo is set to release Australia’s first edible ‘Movie Night’; a gelato flavour available for a limited time only, this September.
Zambrero celebrates the donation of ten million meals
The quick service Mexican restaurant announced that they have reached the milestone of having donated ten million meals to the needy through their Plate 4 Plate initiative.
Ferguson Plarre Bakehouses celebrates 115 years
Established in 1901, the bakery chain today commemorated 115 years of operation aiming to help Victorians to celebrate their most important life moments. The bakery now has 62 stores around the state.
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The Customer Retention Revolution: The predictive approach to preventing churn