Coles news

22 October 2015
Coles has reported a 2.1% increase in sales to AU$9,232m for the first quarter of its 2016 financial year. In what was described as a 'pleasing' quarter by Wesfarmers MD, Richard Goyder, food and liquor sales growth offset a decline in convenience sales. Food & Liquor sales up 4.7% to AU$7,286m LFL sales grew 3.6% despite price deflation of 1.3%, the strongest level of quarterly...
22 October 2015
Coles' flybuys loyalty scheme has partnered with Etihad Airways, allowing flybuys members the chance to access discounted airfares to over 100 destinations. Three new ways to collect and redeem flybuys points The new scheme offers numerous benefits for flybuys members: As with similar schemes, flybuys customers will now be able to cash in flybuys points that they have collected at ...
30 September 2015
The Australian online grocery market is expected to be worth AU$5.8bn in 2020 – over twice its current value of AU$2.6bn. 4.1% of grocery sales in 2020 will be online Although retailers downunder have been slower than in other developed market, such as the UK, Japan and France, to push the growth of online grocery retailing, Australia already punches above its weight on a global scale. ...
20 August 2015
Coles Group has reported revenue growth of 2.2% for the year ended 30 June 2015. Total revenue at parent company Wesfarmers was up 0.2%. Wesfarmers' managing director Richard Goyder said the improved sales momentum was "a good result" in a competitive supermarket sector. Growth in fresh supports food and liquor division Coles registered sales growth of 5.3% at its food and liquor busin...
14 July 2015
The competitive environment in Australia is certainly heating up, with the big two retailers coming under increasing pressure from Aldi. In the article below we summarise some of this week's key developments. Aldi unveils local sales and profits Aldi has come under accusation recently that it is not paying enough tax in Australia, however earlier this week the retailer hit back publishin...
09 July 2015
Both Coles and Woolworths have made further changes to their liquor and supermarkets teams respectively, as both try to re-instigate growth in these divisions. Two new senior appointments at Coles Liquor Coles continues to rebuild its liquor management team. Having appointed Cathi Scarce as the GM of Coles Liquor Group in March, Coles has now appointed Andrew Griffiths as General Manager ...
22 June 2015
Supabarn, an independent supermarket chain based in Canberra, is to sell several of its stores to Coles. Deal includes stores in Canberra and Sydney The proposed sale includes the Civic, Wanniassa, Kaleen and Crace stores in ACT, as well as the Casey store, which is still under construction. In NSW, stores at Five Dock, Sutherland, Annandale and Sans Souci will also be sold. However...
18 June 2015
Coles has confirmed that it is to carry out more range reviews, to ensure that its categories match shopper demand. Customer data to underpin ranges The new range reviews will encompass all categories and use Coles' customer data to identify gaps in its ranges. The decision to implement the wider process is as a result of suppliers asking for greater transparency, longer planning pe...
28 May 2015
While retailers and manufacturers continue to compete on price, there are companies who are looking to deliver added value for shoppers without cutting prices. We consider five of the levers that are being used to offer added value, which we expect to see more of in 2015 and beyond. This article was written by Harriet Cohen,...
20 May 2015
Coles' Managing Director, John Durkan, has given an update on the retailer's strategic priorities at Wesfarmers strategy day. We spell out the main points from his presentation, and what we can expect in the year ahead. Customer central to every aspect of the retailer Durkan emphasised that the seven priorities he set out last May (right) at the start of his leadership remained the same...