Australia news

For a second successive quarter, Costco’s performance was impacted by softer sales in big ticket non-food discretionary items. This was partly due to cautious shopping in the ongoing inflationary environment, but also due to tough comparatives where these products performed better than usual in the last two years. Here we look at those results in more detail and highlight five key takeouts. Co...

Alibaba’s Freshippo supermarket in China will stock Australian retailer Coles’ private label products. Freshippo working with 13 global retailers Freshippo is expanding its range of quality imports using its global sourcing capability. Imported products from the best sources around the world is a way to introduce innovative products that are trendy and popular. The retailer is also partneri...

Woolworths Australia has announced key changes to its paid loyalty programme and acquisition of Milkrun, a quick commerce player. Key changes to Every Rewards Extra programme Woolworths Everyday Rewards Extra is an extension of its Everyday Rewards loyalty programme. Members pay a subscription fee to enjoy “subscribers’ only” rewards. Under the new rules, subscribers will pay a higher subsc...

Woolworths is dropping the prices of more than 450 winter essentials including chicken, corned beef, soup and pasta, as part of its latest seasonal Prices Dropped campaign. Average discount of 19% The program will help shoppers save on the products they regularly buy in-store and online over winter. The price drops are worth over $700 across the full basket of products. The products include...

Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Lidl Denmark has opened its first tobacco free store. The retailer has plans to be tobacco free in the country by 2028 Aldi Sud is testing a new ‘Einfach Gut’ (simply good) private label range, with prices even lower than traditional entry level products There is a price war in pasta...

Our global analysts share some of the latest headlines across the globe. Here's what you need to know. The European Commission is investigating retailers’ purchase alliances. Agecore, Coopernic and Epic are the specific targets for now, but stricter rules for all may be on their way. An independent Edeka retailer wants to open several autonomous stores in Northern Germany collaboration w...

Retail sales for the third quarter remained strong at AUD2.4bn (US$1.6bn), an increase of 1.2% on the previous year. Comparable sales also returned to growth through the period. Promotional activity elevated Shoppers are driving in-store sales growth of 2.8% in the quarter. New products continued to perform well, particularly benefiting the Ready-To-Drink (RTD) category. As the market norma...

After 46 years in Australia, the 7-Eleven chain store is for sale. Famous coffee and Slurpee The retail business is still operating as usual since the sale is expected to take several months. The chain manages 250 million transactions every year and there are more than 9,000 people across its corporate and franchise network. It is the largest convenience retailer on the eastern seaboard of ...

Woolworths Group, the largest grocery chain in Australia, has recorded 8% Q3 sales to AUD16.34bn (US$10.85bn), underpinned by its food business. Australian Food: 7.6% gain in Q3 Woolworths Food Retail (which consists of stores and ecom) sales increased by 7.4% to AUD12,194m (US$8,090m), with like-for-like increasing 6.6%. Q2 average prices grew 5.4%, moderating from Q2 growth of 7.7%. The e...

Australia’s Coles Group Q3 FY23 grew 6.5% to AUD9,668m (US$6,410m), underpinned by strong supermarket growth. Supermarket revenue up 7.0%, supported by private label and promotions…. Supermarket sales revenue grew to AUD8.6bn (US$5.7bn) with like-for-like sales increasing by 6.5%. Sales growth was supported by the expansion of “DROPPED & LOCKED” value campaign, MasterChef loyalty programme ...