Coles news

Coles has reportedly significantly expanded its ready meal range, improved the quality of products and reduced prices, as it looks to expand the category and capitalise on the growth opportunity. Prices reduced by up to 28% The Coles branded products have been expanded to target time poor shoppers, according to Coles' general manager for meal solutions Charlotte Rhodes. Ready meals in A...

Coles has reported Q3 results with total sales growing 3.2% to AU$8,966m, with food and liquor sales growing 5.9% to AU$7,518m. Food and liquor performance a key highlight Coles' food and liquor division had a record Easter trading period, with LFL sales over the period growing 4.9%, despite price deflation running at 2.0%. Coles continued to focus on lowing prices on the most popular pr...

Australian petrol forecourts are set to see a new convenience format rolled out later this year, as Caltex looks to revamp its existing stores. New format will offer better value, food and even haircuts! The new format, which will be revealed over the coming months, is set to offer better value and more services, including food-to-go, ready meals, dry cleaning and even haircuts. The reva...

Coles has reported a solid set of H1 results for the period ending 31 December 2015, with revenue increasing 3.1% to AU$20,087m and earnings before interest and tax (EBIT) up 5.6% to AU$945m. Food and liquor sales increase 5.4% to AU$16,657m Coles' food and liquor performance gained momentum through the half with like-for-like (LFL) sales increasing 4.3% in H1 and 4.9% in Q2, whilst tota...

Woolworths has announced that it plans to sell or close its Masters hardware chain, whilst Coles' parent Wesfarmers has announced the international expansion of its Bunnings hardware chain. Sale of Masters due to losses and challenging outlook Masters was established in 2011 as part of a joint venture with US hardware chain Lowe's and has grown to 58 stores. However, following continued ...

Australia's leading grocery retailers have launched their Christmas advertising campaigns, with three very different TV advertisements targeted at winning shoppers this festive season. Woolworths rely on family appeal and social media The first Woolworths advertisements feature six families explaining how they celebrate Christmas. The campaign called 'Make it Famous'  focuses firmly on ...

Coles has launched a new system called Power Pick that will allow staff to pick online orders more efficiently in-store. Automated navigation for in-store pickers The new tablet-based technology will see the retailer fully automate its in-store picking process for online orders, allegedly increasing pick rate by up to 20%, as well as reducing the number of picking errors. Pickers will no...

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...

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 ...

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. ...