Month: March 2022

In response to the outcry of Australia’s ethnic communities, the former owners of Dan Murphy‘s and BWS supermarkets have removed Russian-origin products from their stores.

The Ukrainian community in Australia has called for a ban on the import and circulation of Russian goods in response to the country’s invasion of Ukraine.

The Australian Federation of Independent Retailers, said that a ban on Russian products was needed to send a strong message to Moscow.

A ban on Russian goods would send a strong message to Moscow.

Due to the outcry, the Endeavour Group, which owns a number of high-street businesses such as Dan Murphy’s and ALH hotels, has decided to stop selling Russian imports.

The Endeavour Group, which is also a major player in the hospitality industry, noted that it supports the calls for peace in Ukraine.

Following feedback from various stakeholder groups, the company has decided to remove all products of Russian origin from its stores, hotels, and online businesses.

In 2016, Woolworths, Australia’s largest grocery chain, sold its stake in the Endeavour Group. The company cited the need for a cleaner story for its investors.

Endeavour’s Australian subsidiary distributes a variety of Russian-brand vodkas, including Beluga, Russian Standard, and Green Mark.

Although the ban on Russian-branded products will not be as severe as the AFUO’s call for a broader ban, some vodka producers retain their Slavic-sounding brand names.

The boycott of Russian products is also about helping bring down Russian President Vladimir Putin.

A community leader claimed that the AFUO wrote to Coles, which owns the liquor stores Vintage Cellars and Liquorland.

According to a government agency, Australia’s imports from Russia amounted to $210 million in 2020, half of which was due to the COVID-19 pandemic.

Although vodka is Australia’s most prominent import, other products such as timber and crude petroleum are also significant contributors to the country’s trade with Russia.

The group also called for the implementation of the Magnitsky Act, which would impose sanctions on foreign individuals who commit human rights abuses.

The AFUO also referred to the situation in Ukraine as a river of blood, which has claimed the lives of many civilians and military personnel.

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For Woolworths, Food prices are still rising and are expected to continue to rise due to the Ukraine conflict and Russia’s actions against Ukraine.

On Wednesday, Australia joined the UK and the US in slapping sanctions against Russia for its actions in Ukraine. This caused oil prices to spike.

Inflation was expected to continue to increase due to the rise in oil prices.

Aside from Russia, the rise in construction costs was contributing to the price increases.

The cost pressures that retailers are experiencing are caused by various factors, such as the construction of new stores and distribution centers.

Woolworth’s sales grew by 8 percent in the first half of the year, but due to the effects of the COVID-19 costs and the stock shortages, its earnings declined by 7.6 percent.

The company’s profit before interest and tax fell 11 percent to almost $1.4 billion due to the impact of the Big W‘s virus disruptions.

Its normalised net profit declined by 6.5 percent to $795 million.

The company’s interim dividend was cut by 26 percent to 39 a share due to the absence of 13 related to the Endeavour acquisition.

The company’s earnings from its Australian supermarkets declined 7.6 percent in the December half, but that was better than the analysts’ expectations.

The price increases in the retail sector were expected to be about 3 to 4 percent next month. This is the highest level of inflation that non-food retailers have experienced in the past couple of decades.

COVID-19 costs grew to $239 million in the half year, which is higher than the $150 million that Coles spent in the same period.

Several analysts were worried about the company’s ability to control its costs in the second half of the year.

The company was still experiencing cost blowouts and attributed the higher costs to the company’s increased spending on COVID-19-related items, such as rapid antigen testing.

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