Coles news

Wesfarmers has released its half year results for the period ending 31 December 2012, with EBIT for its retail division increasing 9.4% to AU$1,705m.  Coles' earnings grew an impressive 15.1% to AU$755m, with both Bunnings and Kmart also recording solid profit growth. However, costs incurred implementing Target's transformational plan meant the retailers earnings reduced 20.4%. Coles strateg...

Coles has reported half year sales up 4.7% to AU$18,333m in the 27 weeks to 30 December 2012. Strong growth was maintained across the half with an improving growth trend in Q2 for almost all of Wesfarmers' retail divisions. Food & Liquor continues to grow volume ahead of sales Coles' Food and Liquor sales grew to AU$14,301m in the half, with sales up 5.0% or 3.8% on a like-for-like (LFL)...

As the retailer looks to reinvigorate growth in its liquor formats in 2013, Coles has launched a new private label brand into the beer category. Three ales all with their own Aussie personality Coles has entered the craft beer market with the launch of its own private label branded beer. The new Steamrail Brewing Company brand has the slogan of 'Ale with a Tale', claiming that behind every...

Following the departure of Tony Buffin, Coles have appointed Rob Scott as its new finance director. Internal appointment shows strong management pipeline Rob Scott will move from his current position as Managing Director of Wesfarmers insurance, to head up the finance division at Coles . The move follows the decision of outgoing Coles Finance Director, Tony Buffin to take a senior role a...

In order to help customers save money, Coles has slashed the prices of over 100 products, its largest round of price cuts since it launched the Down Down campaign in 2010. Everyday private label products slashed in price Coles has invested tens of millions of dollars in cutting the prices of over 100 everyday products. Coles says that the new cuts are in response to research that it con...