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AAP
AAP
Business
Derek Rose

Retail Food Group says rate hikes slowing sales growth

Peter George
Retail Food Group says the effects of successive rate rises has become more apparent on trading. (Dan Peled/AAP PHOTOS) (AAP)

The Queensland company behind Gloria Jean's, Donut King and Pizza Capers says sales growth has been slowing in recent weeks as the retail environment becomes "increasingly challenging and dynamic".

Retail Food Group also on Thursday promoted head of retail Matthew Marshall to the role of CEO, effective July 1. Peter George will continue as executive chairman for two more years as part of the succession process.

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