Coles news

Retailers globally are looking for ways to elevate their fresh food offer to help them differentiate and gain shopper loyalty. These initiatives need to deliver against three needs for the retailer; they need to be scalable to large store estates, cost effective, and have the shopper at the heart of their development. Fresh food will be elevated in the ‘Store of the Future’ Fresh is a key c...

Coles has released its FY21 results with sales up 3.1% to AU$38,562m and EBIT up 6.3% to AU$1,873m. In a year described by the Group's Chairman as 'marked by extrodinary community and business challenges', Coles delivered sales and EBIT growth across all business sectors.  A year of two halves and bumps in the road The phasing of Coles' financial year (July-June) has meant that COVID-19 saw...

Having seen a surge in demand for online grocery retail over the past year, we have remodelled how we expect the channel to grow in Australia over the coming years, predicting that online grocery will achieve a market share of 9.9% by 2026, up from an estimated 5.0% by the end of FY21. COVID-19 has accelerated online grocery by three years in Australia Woolworths and Coles currently control...

Leading Australian retailers such as Woolworths, Coles and Aldi have signed up to the ANZAC plastics pact that will significantly reduce plastic waste from supply chains by 2025. Retailers will look to achieve four targets The new pact looks to address a significant challenge for the food and consumer goods industry and will be adopted by business and governments across Australia, New Zeala...

Coles has opened its first Local store in Sydney's CBD and will open a further two urban supermarket stores under the banner by the end of June. New format is allowing Coles to open in new locations The new Coles Local on Sydney's York Street is the first Coles store to open in Sydney's CBD in 15 years and the fourth in the city, following openings in Chatswood, Manly and Rose Bay. The stor...

In the last few weeks we have seen both Coles and Woolworths announce new AI-enabled solutions that it hopes will make stores both more efficient and better to shop. Coles to automate fresh produce replenishment Coles has partnered with Relex Solutions to replace its manual fresh produce ordering system with a new cloud-based AI platform. The new technology will help Coles maintain and impr...

As retailers in Australia start to cycle tough comparative trading periods from last year, Coles has reported Q3 sales down 5.1% to AU$8,758m. We pull out our top learnings from the results release and what to expect in Q4. 1. Sales negative, but up 7.2% vs. 2019 and life getting back to normal The impact of COVID-19 was felt differently across the retailers supermarket, liquor and Express ...

We assess four ways in which Coles has stepped up its investment in offering its shoppers enhanced value in recent weeks, why this activity will continue and what we can expect from Woolworths and other retailers in the coming months. 1. Bringing back 'Down Down' The retailers Down Down everyday low prices campiagn was a key part of the retailer's recovery under Ian McLeod's leadership and ...

Coles has released a new climate change position statement, a refreshed sustainability strategy and launched its newest next generation sustainable supermarket at Moonee Ponds, Melbourne. Accelerating its efforts against climate change The new statement showcases Coles' commitment and governance as a leading Australian business to tackle climate change. Alongside this its refresh sustainabi...

Before the COVID-19 pandemic online grocery was accelerating in Australia, however since the pandemic hit, growth has become supercharged. For retailers and suppliers online grocery is going to be a vital growth channel over the next few years down under. In our next  Future Talk by Retail Analysis webinar,  we will consider how global retail trends are impacting on Australia and how the onlin...