Australia news

Retail sales for the quarter were AUD2,490m (US$1,565.8m), down 6.2% on Q1 F22, predictably due to the cycling through of lockdown peaks. Consistent strong sales over longer term Endeavour Group operates Australia’s largest alcohol retail network, across Dan Murphy’s and BWS. Compared to pre-COVID 19, the sales are 13.9% higher compared to Q1 F20, representing a three-year CAGR of 4.4%. The...

More than 13m Woolworths shoppers in Australia have a free Everyday Rewards card. The new programme charges a subscription fee for more benefits. Everyday Extra Rewards for extra savings Everyday Rewards members earn one point per AUD1 (US$0.62) spent at Woolworths and BIG W. They get a AUD10 (US$6.28) discount on a future shop for every 2,000 points earned. To become an Everyday Extra memb...

Both Coles and Woolworths have launched campaigns to help shoppers save money despite inflationary pressures. Coles "dropped & locked" prices Coles has added more "locked" price stickers at its supermarkets, with prices of 150 household products kept stable until 31 Jan 2023. These prices have been dropped 10-40% before locking. Leah Weckert, Coles' Chief Executive of Commercial and Express...

The retailer has announced three key leadership changes in its Group. Leadership of Woolworths Food Company Guy Brent will be managing director of Woolworths Food Company (Woolworths own and exclusive brand food business), Greenstock (upstream meat business), the PFD Food services partnership and Australian Grocery Wholesalers. Brent has led the Woolworths Food Company since 2019 and had he...

Coles is selling its 710 Coles Express sites to petrol and diesel supplier Viva Energy for AUD300m (US$201m). What does this mean for Coles? The deal will allow Coles to focus on its core supermarket and liquor business. Site branding will happen over the next three and a half years, with the majority updated within the next two. Although the sites will be rebranded, Coles’ shoppers will co...

ALDI’s third Corner store in Australia is on Swanson St, one of the main streets in Melbourne's central business district, after the first two stores opened in Sydney. Convenience at the centre The new store opened on Thursday, 8 September, with cups of coffee on offer to entice shoppers. Grocery and fresh produce are still the core offering, but it is supplemented by an artisan bakery, a g...

Woolworths released full year results with sales up 9.2% to AU$60,849m and EBIT down 2.7% to AU$2,690m. Excluding new businesses PFD and Quantium, the sales growth was 5.1%. We review the results and share five key learnings. 1. Australian Food sales momentum builds against backdrop of rising shelf prices   After an operationally challenging first half, Australian Food sales were AU$45,461m...

Coles has released FY22 results with sales revenue up 2.0% to AU$39,369m and EBIT down by 0.2% to AU$1,869m. The retailer has completed its third year of its transformation strategy and is already benefiting from the strong ecommerce performance. We share the key takeaways and what to expect next. 1. Solid sales revenue, but profits hampered by higher costs The positive sales revenue was de...

As Metcash looks to invest in prices to remain competitive and launches SupaValu from IGA in Melbourne, Amazon offers free one-day delivery for Prime members, amongst other developments, we round up news from the market. Metcash aiming to remain price competitive… Metcash-owned IGA and Foodland stores, according to reports from The Australian, are aiming to remain price competitive by focus...

Woolworths has announced its MD of B2B & Everyday Needs, Claire Peters, is leaving the business. She will take up the role of VP worldwide at Amazon Fresh. Oversaw strong growth at Woolworths Claire Peters joined Woolworths in 2017 as Managing Director of Woolworths Supermarkets. Prior to this, she had over 20 years of experience working for Tesco, having started at the retailer as a gradua...