Money Stores go to extreme measures to protect baby formula

12:27  13 february  2018
12:27  13 february  2018 Source:   MSN

Petra Hair Care collapses into liquidation

  Petra Hair Care collapses into liquidation Liquidators have been appointed to Petra Hair Care.The chain started business as a hairdressing salon in Melbourne's Elizabeth Street in July 1966 where it became apparent there was a market for selling hair care to the home.

Supermarkets, pharmacies and chemists across the globe are going to extreme measures to prevent the theft a On Thursday, a woman witnessed two people fighting over tins of baby formula at a Woolworths store .

Stores go to extreme measures to protect baby formula . Retailers across the globe are locking up, enforcing quantity limits or installing cameras in aisles to prevent the theft and bulk-buying of baby formula .

Baby formula is seen at MyClinic Mulgrave Medical Centre in Melbourne.© AAP Image/Julian Smith Baby formula is seen at MyClinic Mulgrave Medical Centre in Melbourne. Supermarkets, pharmacies and chemists across the globe are going to extreme measures to prevent the theft and bulk-buying of baby formula.

Walmart in America has placed security cameras in the baby formula aisle with a flashing monitor to tell potential thieves they are being watched.

In the United Kingdom, shoplifters are frequently reported for distracting staff to steal baby formula.

Nova Pharmacy in Australia has been forced to put up signs setting a formula limit of two tins per customer per day to stop bulk bulking.

The radical plan Ikea's new boss has for the retailer

  The radical plan Ikea's new boss has for the retailer Jan Gardberg's new plan for the retailer looks to double its market share, lower prices and open more stores. From its one distribution centre in Sydney, Ikea will eventually have three, to help stock the new stores but also to fulfil the online demand.Part of Gardberg's radical plan is to seek local manufacturers, to source locally."We are coming up to the threshold where it's possible to bring domestic production into Australia. Today we don't have any domestic production here... it is all imported.

World. Stores go to extreme measures to protect baby formula . Retailers across the globe are locking up, enforcing quantity limits or installing cameras in aisles to prevent the theft and bulk-buying of baby formula .

World. Stores go to extreme measures to protect baby formula . Retailers across the globe are locking up, enforcing quantity limits or installing cameras in aisles to prevent the theft and bulk-buying of baby formula .

Baby formula has also been put under lock and key in many countries with parents needing to ask for it over the counter.

The reason for these actions is due to “daigou” buyers or personal shoppers clearing supermarket shelves to sell thousands of baby formula tins to the Chinese market.

Brands including A2, Bellamy’s Organic and Karicare Aptamil are highly sought after.

Pittsburgh Hospital Dresses Newborns Like Team USA Athletes for Baby Competition

  Pittsburgh Hospital Dresses Newborns Like Team USA Athletes for Baby Competition The categories included "Best Napper" and "Strongest Lungs."The maternity ward staff at the University of Pittsburgh Medical Center Magee-Women's Hospital dressed their charges in teeny outfits and knitted caps to celebrate the ongoing Winter Olympics in South Korea.

Stores go to extreme measures to protect baby formula . Retailers across the globe are locking up, enforcing quantity limits or installing cameras in aisles to prevent the theft and bulk-buying of baby formula .

Stores go to extreme measures to protect baby formula . Retailers across the globe are locking up, enforcing quantity limits or installing cameras in aisles to prevent the theft and bulk-buying of baby formula .

International trade law Professor Justin Molban said the mark-up in price from Australia to China provided a profit motive.

"Between purchasing it in Australia and selling it overseas between $70 and $90, you can see there's plenty of room there for arbitrage," he said.

Generally, tins of baby formula are sold for between $20 and $23 in Australia.

Last week, dozens of people - some but not many with babies in tow - lined up outside a Chemist Warehouse store in Hornsby on Sydney’s north shore to get a hold of a new stock of baby formula.

The shelves had just been restocked but the baby formula did not last long with shoppers flocking to grab multiple tins on Friday.

"It was a much longer line than usual,” a staff member told 9NEWS.

"There is a supply issue but I’d say we receive an order once a week. I don’t know how they knew about it. One person must have told someone who told someone else.

"We do say a maximum of three tins per customer when it’s busy because it’s unfair to the people who really need it.

"We are now trying to come up with a method to control the crowd because it’s very disrupting to others. Sometimes we consider calling centre management because we’re in a shopping centre.

"We don't want the same customer coming in again and again. It needs to be accessible for everyone.”

On Thursday, a woman witnessed two people fighting over tins of baby formula at a Woolworths store.

"I feel like there's a baby formula crisis in Australia," she said on Twitter.

"I just witnessed two fully grown adults fight over the two-tin limit at Wollies. I thought it couldn't get any sillier until the cops arrive to calm everyone down."

Markets may slow confidence in economy .
Economists expect the extreme volatility seen in financial markets in the past week will have dampened the mood of consumers. Australians started 2018 in a positive mood, hitting confidence levels not seen in five years and pointing to a potential win for retailers.However, the extreme volatility seen in global financial markets in the past week, which has wiped tens of billions of dollars off Australian shares, is likely to have curtailed such exuberance.The Westpac-Melbourne Institute consumer sentiment report for February, which is due on Wednesday, will have been surveyed over the weekend.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!