Coles news

Coles’ Q1 FY23 reached AUD9.9 bn (US$6.4 bn) up 1.3%, but a slow down from the previous quarter’s 3.3% jump. Food inflation leading to change in shopping habits Supermarket sales rose 1.6% to AUD8.8 bn (US$5.6 bn) with like-for-like sales growing by 2.1%. Coles said first quarter food inflation rose to 7.1%, following a 4.3% rise in the June quarter. The rise in prices is being driven by ba...

Coles is Australia's first major retailer to use drones for delivery. Service will deliver in minutes Coles is partnering Wing delivery to pilot a service in South East Queensland to provide on-demand drone delivery. The Coles drone delivery expansion follows a successful pilot programme in Canberra this year. Some of the popular items made during the pilot phase include fresh fruit, milk, ...

Both Coles and Woolworths have launched campaigns to help shoppers save money despite inflationary pressures. Coles "dropped & locked" prices Coles has added more "locked" price stickers at its supermarkets, with prices of 150 household products kept stable until 31 Jan 2023. These prices have been dropped 10-40% before locking. Leah Weckert, Coles' Chief Executive of Commercial and Express...

Coles is selling its 710 Coles Express sites to petrol and diesel supplier Viva Energy for AUD300m (US$201m). What does this mean for Coles? The deal will allow Coles to focus on its core supermarket and liquor business. Site branding will happen over the next three and a half years, with the majority updated within the next two. Although the sites will be rebranded, Coles’ shoppers will co...

Coles has released FY22 results with sales revenue up 2.0% to AU$39,369m and EBIT down by 0.2% to AU$1,869m. The retailer has completed its third year of its transformation strategy and is already benefiting from the strong ecommerce performance. We share the key takeaways and what to expect next. 1. Solid sales revenue, but profits hampered by higher costs The positive sales revenue was de...

We look at three initiatives from Australia’s Coles as it aims to become the country’s most sustainable supermarket. Collaboration leads to market debut for eco-bottles As part of a collaboration with packaging company Packamama and wine producers Accolade Wines and Taylors Wines Coles has exclusively introduced a wine bottle made entirely from Australian-sourced 100% recycled PET plastic. ...

Despite a quarter of significant disruption Coles has continued to see sales climb in Q3 of its latest financial year, up 3.6% to AU$9,295m. So what can we learn from the latest period? 1. Sales and inflation up, but costs up too...  Q3 was shaped by three disrupting factors; the Omicron variant of COVID-19, floods across South Australia, NSW and Queensland and subsequent knock-on supply ch...

Coles has released its FY22 half year results with gross sales up 1.8% to AU$21,204m and EBIT down 4.4% to AU$975m. Supermarkets' sales up 2.0% to AU$18,582m Despite being up against strong comparatives, Coles continued to drive growth within its supermarkets division, with LFL sales growth of 1.4% in Q1 and 1.6% in Q2. On a two-year basis sales remained inflated, up 9.6%. As restrictions e...

In the live broadcast of Ocado Re:Imagined, Ocado unveiled seven new innovations that will underpin its Ocado Smart Platform (OSP). “Game-changing” technology Ocado needs to improve its product to retain and attract new partners. New deals will enable Ocado to increase investment and improve the proposition, creating a virtuous cycle. Since its launch, Ocado has 10 sites live across the glo...

Coles has announced two major changes to its executive leadership team that will take effect over the coming months. New Chief Executive for Commercial & Express Leah Weckerts will take up the position of Chief Executive, Commercial & Express from Greg Davis in April 2022. Weckerts has been the CFO at Coles since March 2018, but having joined the business in 2011 has had numerous roles acro...