Australia news

18 February 2020
Coles has released its H1 results, with growth in all segments and sales up 3.3% to AU$18,846m (US$12.6bn). Supermarket sales up 3.3% to AU$16,583m (US$11.1bn) Supermarkets sales revenue was AU$16,583m (US$11.1bn) for the half, an increase of 3.3% on the prior corresponding period, with comparable sales growth of 2.0%. For the second quarter, Supermarkets sales revenue increased by 4.8% ...
13 February 2020
Couche-Tard has increased its bid to acquire Caltex Australia, one of the country’s leading forecourt operators. Final offer Couche-Tard, which trades under the Circle K brand in most markets, has increased its bid to A$35.35 a share, following two earlier proposals. The company has stated that this will be its final offer, in the absence of a competing offer. It represents a premium for Calt...
12 February 2020
Costco Australia is launching online shopping and delivery later this month, but it will be available to members only. Making shopping more convenient Costco members will need to register for an online account to use the new online shopping service. Shipping costs will be included in online prices. Overall prices, however, will be slightly higher than shopping in the warehouses. Costco also...
10 February 2020
We look at the latest news from Aldi across Europe, Australia and the US. Aldi Australia launches Healthy Picks app Source: App Store Australia Aldi Australia has teamed up with The George Institute for Global Health, to create an app that makes grocery shopping easier and more health focused. This is part of the retailer’s wider strategy to develop its healthy food assortment. ...
31 January 2020
Woolworths has appointed two new senior executives to head up its Endeavour Drinks business, which it will spin off later this year. New team will lead new independent business Steve Donohue, the retailer's current drinks managing director, has become the managing director for its Endeavour Drinks function. While Colin Storrie, Woolworths' existing group portfolio manager will become chief ...
31 January 2020
Some of Australia's leading independent retailers have formed Co-operatives Supermarkets Australia (CSA), a new buying group that will allow its members 'to collectively bargain with suppliers of goods and services to the Australian grocery industry'. Support from leading independent retailers The new group is spearheaded by former Coca-Cola Amatil managing director Warwick White and has si...
22 January 2020
Talk of Kaufland’s entry into Australia began in 2016, along with speculation around the potential entry of its sister company, Lidl. At the beginning of 2020, the Germany hypermarket operator looked to edge closer to entering the market, with its first store expected to open in 2021 . It has since been reported that Kaufland has invested over AU$430m (US$295m) in Australia over the pas...
06 January 2020
Costco in Australia has recorded sales of over AU$2bn for the first time. Growth of over 18% The retailer's Australian revenue was recorded as AU$2.159bn for the 52 weeks to September 2019, up 18.5% from AU$1.822bn in 2018. Its operations in Australia continue to perform well, with growth accelerating against the 14% growth recorded in its 2018 financial year. Costco now has 11 store tradin...
13 December 2019
Costco’ new financial year saw a continuation of the strong results of the last year. We review its performance and how new ecommerce initiatives and its launch in China have contributed to its growth. Comparable club sales up 5.0% Costco’s Q1 net sales increased 5.6% to $36.2bn, with comparable club sales up 5.0%. Canada led the way with comparable club sales up 5.1%. Comparable ecommerce ...
10 December 2019
Woolworths has opened a new supermarket at the Burwood Bricksworks Shopping Centre in east Melbourne, claiming it to be its 'most sustainable' supermarket. New and established features... Some of the interesting features of the store include the fact that it will be completely run on renewable energy, trolleys made from recycled milk bottles, plus freezers and hot water that use natural fri...