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Woolworths and Coles asking for retail trading hours deregulation



Supermarket giants, Coles and Woolworths, have asked federal government to deregulate retail trading hours, stating bizarre rules which dictate the trading hours of stores.
Woolworths stated that different regulations existed in different states, including petrol stations in Western Australia which are allowed to remain open all day, with limits only of the sale of certain goods at certain times of day. It also submitted that trading hours are deregulated north of the 26th parallel of south latitude, while south of the line it is not, The Guardian says.

Coles stated that the difference in regulations in each state had a negative effect on consumers and retailers. It stated that customers are stopped from shopping at times suited to their schedule and stores could not prepare for trade after a closed day.

The Australian National Retailers’ Association’s Margie Osmond, said that Victoria has the best legislation country-wide. It states when you cannot shop, such as certain holidays.

She said Australia’s retail sector was going through a huge structural change focused on the consumer’s wants. This required a modern environment, and if Victoria can have it, so can everywhere else.

More about shopping malls in Australia



DAY BEFORE YESTERDAY, China:
Zhuhai Wanda Commercial Management Group filed for an IPO on the Hong Kong Stock Exchange.
Oct 25, 2021, Finland:
Lippulaiva declared K-Supermarket, Prisma, Lidl, and Tokmanni as anchor tenants.
Oct 25, 2021, USA:
About 200 terminals to sell bitcoins were installed in stores operated by Walmart.
Oct 22, 2021, USA:
Cyber-sports arenas, basketball courts, and aquariums are replacing storefronts and retail spaces.
Oct 22, 2021, USA:
The video host will host a week of "live shopping" as part of its "YouTube Holiday Stream and Shop" event.
Oct 21, 2021, India:
Flagship stores at the mall include Diesel, Replay, Hugo Boss, Emporio Armani, and Paul Smith.
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