Coles news

As both Woolworths and Coles have reported their Q1 sales revenue, we size up their results and provide a view on their outlook. Topline results: Woolworths grows faster than Coles Woolworths Food Retail grew 6.4% (quarter ended 1 Oct), while Coles Supermarkets grew 4.7% for (quarter ended 24 Sep). At Woolworths, CEO Brad Banducci said inflation had moderated in fruits, vegetables and me...

Australia is blessed with a strong economy and the latest results from the top two leaders, Woolworths and Coles , confirm shoppers’ spending ability. I visited Australia to see stores for the first time this year and got to all the latest flagship stores in Sydney and Melbourne. Which are the best stores in Australia?  Here are six stores that I recommend, with links to full reports and vi...

Coles’ has achieved sales revenue growth of 5.9% to AUD40,483m and EBIT up by 3.8% to AU$3,382m for FY 2023 ending 25 June 2023. The retailer has completed its fourth year of its transformation strategy and has delivered AUD1bn in cumulative benefits as planned. 1. Supermarkets revenue grew 6.1% with LFL sales up 5.8% Sales revenue reached AUD36,746m in FY23, with the second half stronger t...

We round up key updates from leading retailers in Australia. Health: Woolworths removes children's snacks from check out Woolworths research shows that almost a third of customers mostly or always use government ratings Health Star Rating (HSR) to choose between different food products. By offering options that display HSRs, Woolworths aims to make healthier choices easier. Kids confectione...

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...

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 ...

Woolworths and Coles offer shoppers fresh discounts and loyalty points to compete on value. Woolworths makes Everyday Rewards more attractive with partner brands Woolworths will offer a points "boost" on a range of everyday essentials and household favourites. To activate the offer, Everyday Rewards members need to “boost” the offer in the Rewards app, by email, or scan the QR code in store...

Coles has signed an agreement with Uber Eats to provide a one-hour quick delivery service from 500 stores. What is new? Coles’ customers will be able to place their order via Uber Eats and have their groceries delivered within an hour. The service will start with 40 stores in Melbourne and get rolled out to 500 stores over time. Coles made click and collect available within an hour from 90 ...

We round up the latest news in Australia from key retailers Woolworths, Coles and Metcash. 1. Metcash appoints Grant Ramage as CEO of Food pillar Grant Ramage is the executive general manager Merchandise in the Food pillar for four years. Prior to this, Ramage was State GM, Supermarkets, Western Australia after joining Metcash in 2015. As a State GM Ramage had delivered “significant and su...

Australia’s Coles Group reported sales growth of 3.9%, from continuing operations, in its half year to 1 January 2023, reaching AU$20.8 bn (US$14.4 bn), underpinned by the strength of growth at its supermarkets and online. The retailer said its EBIT rose 9.9% to AU$1.1 bn (US$759.2m) as COVID-related costs were reduced and it benefited from the effects of its Smarter Selling programme. As part...