Australia news

Woolworths has released its FY21 results with sales up 5.7% to AU$67,278m and EBIT up 13.7% to AU$3,663m, online continues to be a big winner with ecommerce sales up 58.1% to AU$5,602m. Australian Food sales up 5.4% to AU$44,441m Growth of 10.6% in H1 was offset by growth of just 0.2% in H2, as Woolworths cycled tough comparative trading periods vs. the year before. Similar to Coles' result...

Coles has released its FY21 results with sales up 3.1% to AU$38,562m and EBIT up 6.3% to AU$1,873m. In a year described by the Group's Chairman as 'marked by extrodinary community and business challenges', Coles delivered sales and EBIT growth across all business sectors.  A year of two halves and bumps in the road The phasing of Coles' financial year (July-June) has meant that COVID-19 saw...

Australia’s largest grocery retailer continues to accelerate the growth of its online business, with three significant developments over the past few months. Second micro fulfilment store opens in Australia, fourth in total for the group Woolworths has opened its second micro fulfilment-enabled eStore in Australia. the first store launched in Carrum Downs in Victoria in October 2020, with t...

Woolworths in Sydney has temporarily closed two stores to help it boost capacity and meet the increased demand for online orders amid the on-going COVID-enforced lockdown in the city. Thousands of more delivery slots will be made available The two stores in Western Sydney, located in Cecil Hills and Fairfield, have been closed to the public and will be used to purely fulfil online orders un...

Australia’s convenience sector is dominated by forecourt-based stores, however evolution of the sector has been slow and innovation has been stop start in recent years. As Ampol and Woolworths launch their first Ampol Woolworths Metro store in Victoria, we explore whether the partnership’s drive to open more stores will unlock further value in the Australian convenience channel. 14 Ampol Woolw...

Aldi Australia has launched a new smaller format store called Aldi Corner Store on Mount Street in North Sydney, with the store featuring both some standard Aldi features and some interesting new concepts. Still Aldi, but format design and operations flexed to suit the location The new store at around 500-600 sq m is about half the size of a standard Aldi stores and is the first of its kind...

Having seen a surge in demand for online grocery retail over the past year, we have remodelled how we expect the channel to grow in Australia over the coming years, predicting that online grocery will achieve a market share of 9.9% by 2026, up from an estimated 5.0% by the end of FY21. COVID-19 has accelerated online grocery by three years in Australia Woolworths and Coles currently control...

Metcash has released its annual results for the year ending 30 April 2021 with sales up 10.1% to AU$16,361.1m and EBIT up 19.9% to AU$401.4m. With sales significantly benefitting from changing shopping habits driven by the pandemic, as well as the retailer's progress against its strategy, we pull out our key learnings from the results and what to expect next. Food sales up 3.1% to AU$9,389.7m ...

Australia’s market leading retailer continues to make progress against its strategic priorities, we round up some of the biggest developments over the last few weeks. PFD Food Services acquisition approved Woolworths has finally been given permission to acquire Australia’s second largest foodservice supplier, PFD Food Services. The retailer originally announced its intent to buy a 65% s...

Woolworths private label products are now available in the Philippines, through its partnership with Robinsons Supermarket, as well as its other retail banners The Marketplace and Shopwise. Over 150 Woolworths products in 35 stores and online Woolworths has been exporting products outside of Australia for the past five years, with the Philippines being the latest to have a local partner....