Coles news

Coles has made some significant changes to its senior team, indicating that sales momentum at the retailer is slowing. New roles to focus on quality, price and availability Coles' managing director John Durkan has moved quickly to sure up the performance of Coles, following increasing speculation that sales growth at the retailer is slowing. Customer service and merchandising are the areas ...

Coles has released Q1 sales for FY17, with total sales declining 0.3% to AU$9,399m, however food and liquor sales continued to grow, with convenience causing a drag on total performance. Food and Liquor sales up 2.9% to AU$7,850m LFL sales grew 1.8% in the quarter, marking a considerable slowdown from the 4.9% and 2.8% recorded in Q3 and Q4 of FY16, respectively. Despite the slowdown, Coles...

Coles Liquor Group has opened a new format store under the name of Liquor Market in Melbourne. New big box format focused on simplified range and value The new 1,000 sq m store is located in Ringwood, a suburb to the east of Melbourne and is the latest development by Coles in its attempt to turnaround the performance of its liquor operation. The size of the store means that it is more l...

In an Australian first, Coles will offer 10% discounts on fruit and vegetables to customers who reach step targets using an activity tracker. Five 100,000 step targets will unlock discounts Between 14 September and 30 November 2016, customers who wear compatible activity trackers, like a Fitbit, and are members of the Flybuys loyalty scheme, will be eligible to qualify for the promotion. Ev...

Coles has reported its full year results for the period ending 30 June 2016, with revenue up 2.7% to AU$39,242m and EBIT up 4.3% to AU$1,860m. Food and liquor sales up 5.1% to AU$31,978m Despite 1.7% price deflation in the year, which accelerated in Q4 and drove a slowdown in performance, like-for-like (LFL) sales grew 4.1%. Coles continued to invest in Every Day low prices during the ye...

Coles is testing a new convenience store format at three existing forecourt locations in Melbourne. Big Yum format taking on 7-Eleven head-to-head The new format, know as 'Big Yum at little Coles' launched last month and is being tested at Kew, South Yarra and Windsor. Including a wider range of grocery items, the stores put more emphasis on fresh food solutions and food-to-go, includin...

Australian retail giant Coles has cut the prices of 145 of its private label lines, intensifying the competition with its rival Woolworths. Doubling products on “everyday low pricing” Prices of 145 Coles products, ranging from bakery wraps to cakes, sunscreen, shredded cheese and school lunch sandwich bags, will be reduced. They are among almost 1000 extra Coles brand items moved to a se...

Coles has launched its first darkstore in Melbourne, as it explores new ways to fulfil the growing demand for online orders. Coles' online business has grown 25% this year The first darkstore is located in Richmond, an inner suburb just to the east of Melbourne's CBD. The operation will initially serve customers located within 5km of the facility. This is the first darkstore that the ...

Wesfarmers held its annual strategy day this week, with Coles MD John Durkan, providing an update on the retailers seven strategic pillars. 1. Double digit volume growth in fresh produce Coles for many years has under index on fresh produce, however it continues to make significant progress in this area. Customer participation in fresh food increased 85bps last year as the retailer impro...

The retailer has announced that it will invest AU$120m to open nine new supermarkets in WA. Investment will boost store numbers by 10% The news from Coles comes on the week that Aldi opens its first four stores in WA. With competition in the state set to heat up in the coming year, Coles will open new supermarkets in Byford, Riverton, Secret Harbour, Lakelands, Kwinana, Northam, Tri...