Coles news

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...

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...

We look at three initiatives from Australia’s Coles as it aims to become the country’s most sustainable supermarket. Collaboration leads to market debut for eco-bottles As part of a collaboration with packaging company Packamama and wine producers Accolade Wines and Taylors Wines Coles has exclusively introduced a wine bottle made entirely from Australian-sourced 100% recycled PET plastic. ...

Despite a quarter of significant disruption Coles has continued to see sales climb in Q3 of its latest financial year, up 3.6% to AU$9,295m. So what can we learn from the latest period? 1. Sales and inflation up, but costs up too...  Q3 was shaped by three disrupting factors; the Omicron variant of COVID-19, floods across South Australia, NSW and Queensland and subsequent knock-on supply ch...

Coles has released its FY22 half year results with gross sales up 1.8% to AU$21,204m and EBIT down 4.4% to AU$975m. Supermarkets' sales up 2.0% to AU$18,582m Despite being up against strong comparatives, Coles continued to drive growth within its supermarkets division, with LFL sales growth of 1.4% in Q1 and 1.6% in Q2. On a two-year basis sales remained inflated, up 9.6%. As restrictions e...

In the live broadcast of Ocado Re:Imagined, Ocado unveiled seven new innovations that will underpin its Ocado Smart Platform (OSP). “Game-changing” technology Ocado needs to improve its product to retain and attract new partners. New deals will enable Ocado to increase investment and improve the proposition, creating a virtuous cycle. Since its launch, Ocado has 10 sites live across the glo...

Coles has announced two major changes to its executive leadership team that will take effect over the coming months. New Chief Executive for Commercial & Express Leah Weckerts will take up the position of Chief Executive, Commercial & Express from Greg Davis in April 2022. Weckerts has been the CFO at Coles since March 2018, but having joined the business in 2011 has had numerous roles acro...

Woolworths and Coles have both released Q1 FY22 results, with Woolworths sales up 7.8% to AU$16,070m and Coles sales up 1.5% to AU$9,756m. We compare the performance of both retailers and pull out the key learnings from both statements. A particularly challenging quarter for both retailers Both retailers highlighted the challenges that they have faced in Q1 with ongoing lockdowns across NSW...

Coles has followed Woolworths by launching its own marketplace websites that will offer an extended range of general merchandise items. Exclusive range of products not available in Coles stores Woolworths introduced its Everyday Market platform last month , with Coles now having launched a new marketplace platform bestbuys.coles.com.au . The website will offer an exclusive range of Coles ...

We round up some of the recent developments from Australia's food and consumer goods market, including; new vaccination policies, senior appointments, business restructures, new sustainability initiatives and innovative product ranges. 1. Leading retailers make COVID-19 vaccination compulsory Woolworths, Coles and Aldi have decided to make it a mandatory requirement for all store, DC and of...