Coles news

New Coles MD John Durkan will officially take over from Ian McLeod on 1 July, however he is already making his mark on the business with a number of senior appointments. Changes to new and existing positions Durkan has reportedly appointed new personnel to head up the Coles liquor business, operations and supply chain, and also the retailer's digital advances. Andy Coleman, who joined Coles...

Heston Blumenthal's new 'Heston for Coles' ranges has hit the shelves at Coles this week, plus the retailer has announced plans for 31 new stores in Queensland. Eight products highlighted with more to come... Having announced towards the end of 2013 its new partnership with celebrity chef Heston Blumenthal and that he would be working to deliver an exclusive range for Coles, the new produc...

Coles has released Q3 results for the 12 weeks to 30 March 2014, with sales up 3.6% to AU$8,639m. All of the other Wesfarmers retail businesses continued to grow in the quarter with the exception of Target, which continues to be repositioned as part of its new strategy to deliver long-term sustainable growth. Food and Liquor sales up 3.9% to AU$6,734m Despite being up against a tough comparativ...

The beauty retailer is reportedly looking to open its first standalone stores in Australia in 2015. Standalone stores will increase beauty competition Reports suggest that Sephora was planning on entering the market in partnership with department stores David Jones and Myer, however it has decided to go it alone. The premium cosmetics and fragrance market in Australia is estimated to be worth A...

Coles managing director Ian McLeod has unveiled a new expansion strategy for Australia's second largest supermarket chain that will see it open 70 new stores over the next three years. Increase in net new openings The plan released by McLeod in Canberra this week marks a step up in the retailer's new space program. Over the past few years Coles has on average opened 20 stores per year, howeve...

Coles has launched a new variation of its popular Down Down price campaign with the introduction of Deeper Down Down, slashing the prices further on existing products and introducing more products to the initiative. Over 1,400 products now in the Down Down scheme Deeper Down Down will see further savings of up to 34% on some of Australia's favourite brands such as Nestle, Lipton and Sanitariu...

Wesfarmers' managing director Richard Goyder said he was pleased with what he called "solid growth in Coles 'earnings" as Coles Group reported an increase of 10.7% for the half year ended 31 December 2013. Revenue increased by 5% and Food and Liquor sales growth was 4.7% for the half. Better range at convenience stores and momentum in liquor Coles continued to reinforce its price lea...

Wesfarmers has announced that John Durkan will replace Ian McLeod as MD at Coles. McLeod to hand over reins but remains within group John Durkan previously held the position of Chief Operating Officer at Coles and will become MD on 1 July 2014. McLeod will take up a new opportunity within the Wesfarmers Group, working closely with the MD and senior team aiding development of strategic initi...

Coles has announced plans to invest 'significantly' in the state of Victoria in the year ahead, opening 14 new supermarkets in total. New city and regional stores part of the plan Coles will invest AU$360m into the state of Victoria this year it has confirmed. This money will see the retailer build an additional eight supermarkets in Melbourne, four in Geelong and refurbish existing stores ...

Whether it be new promotions, the launch of retailer radio stations or new supplier deals, read on to get a quick round up of this weeks news from Australia. New battleground for promotions being drawn? As predicted in our 'Australia in Focus: Six Trends for 2014' article , both Coles and Woolworths have started to redirect capital freed up from not running fuel docket promotions into new me...