Coles news

Coles has announced half year results with revenues up 2.8% to AU$19,483m and EBIT up 7.1% to AU$895m. Food and liquor growth remains strong Coles' food and liquor division reported revenues growing 5.3% to AU$15,559m, with EBIT up 7.1% to AU$895m. Food and liquor price deflation continued throughout the half and was recorded at 0.7% (Q2 -0.9%), however through its continued improvements in...

Danish retailer, Dansk Supermarked, has appointed Anders Hagh as its new CFO. Hagh joins Dansk Supermarked having spent ten years in senior management positions in Denmark and Asia. Anders Haigh: ‘Dansk Supermarked … is on a very exciting journey’ Commenting on his appointment, Hagh said, ‘Dank Supermarked has set the bar high for a Danish company and is on a very exciting journey towards b...

Wesfarmers has released sales for the first quarter of its 2015 FY with sales at Coles up 4.0% to AU$9,249m. Coles food & liquor sales up 5.8% to AU$7,303m Coles food and liquor like-for-like (LFL) sales increased 4.3% (5.0% excluding liquor) and continued the improving trend in underlying growth seen in H2 of 2014. Price deflation continued, but eased in the quarter to 0.5% (Q4 '14 1.0%). ...

According to press reports, Woolworths and Coles are considering expanding their portfolio into the convenience channel, with retailers scouting for sites in city centre locations. 200-400 sq m stores to target urban shoppers With increasing urbanisation, busy lifestyles and the conversion of office blocks to apartments, it is understood that the major Australian grocers are considering the...

Woolworths has published a reported entitled the 'Future of Fresh' in which it builds a picture as to how Australians will be shopping in 20 years time. Fundamental shift in shopper behaviour Woolworths has surveyed the Australian people to better understand current shopping habits, but also the expected habits of what it calls 'Generation Alpha' (those born from 2010). The report predicts ...

Coles has confirmed that it is planning on cutting 440 jobs from its head office in Melbourne. Between 15-20% of workforce to be cut Coles MD John Durkan announced the job cuts this week. The job cuts represent 15-20% of those employed at Coles' support centre at Tooronga and are expected to include the departure of several senior executives who joined Coles five or six years ago when Wesfa...

Coles has reported results for its 2014 financial year ending 30 June 2014, with revenue up 4.5% to AU$37,391m and profit (EBIT) growing 9.1% to AU$1,672m. In this article we pull out the eight key things that you need to know from the results... Food and Liquor revenue up 4.6% to AU$29,220m and EBIT up 12.3% to AU$1,536m Like-for-like (LFL) food and liquor sales grew 3.7% (...

Coles has appointed Chris Nicholas as its new CFO, the latest in a number of senior role changes since new MD John Durkan took over the helm of the business in July. New CFO has considerable international experience Chris Nicholas, the current CFO for Dansk Supermarked in Denmark, will move to Australia to take up his new role on 1 November 2014. Nicholas joined Dansk Supermarked in April 2...

Coles has launched a new version of its mobile app that allows users to personalise special offers and calculate the savings that they could achieve by shopping with Coles. Never miss when your favourites are on promotion Under a new section call 'My Specials', the updated app helps sort the latest catalogue specials based on the users shopping habits. The app uses data from the flybuys loy...

Price and promotional activity is becoming a key focus for retailers and manufacturers. In this article, Harriet Cohen explores how this has developed, what shoppers are saying and what to expect in the future. 1) Price and promotional activity is front of mind for now In IGD's Trading Relationship Survey 2014, retailers and manufacturers worldwide identified that price and promotional ...