Coles news

17 July 2017
Woolworths in Australia has announced that it will be phasing out the use of plastics bags, with Coles then swiftly confirming a similar policy. Major retailers to ban bags by July 2018 Woolworths, who gives out more than 3.2bn plastic carrier bags each year, has confirmed that these will be removed from its supermarket, Big W and BWS stores by July 2018. The retailer's Dan Murphy's and Cel...
27 April 2017
Coles has released Q3 sales, with food and liquor up 1.2% to AU$7.6bn. The company is increasing investments in reduced prices and improved services to build trust with customers. Food and liquor sales continue to lose momentum Coles' food and liquor division reported sales growing at 1.6% in the last quarter, and this has slowed to 1.2% this quarter. Like for like (LFL) sales have also slo...
15 February 2017
Coles has reported H1 sales for the period ending 31 December 2016 of AU$20,277m, a decline of 0.2% on the previous year. Earnings before interest and tax also declined 2.6% to AU$920m. Food and liquor sales up 2.2% to AU$17,020m Coles' food and liquor division maintain positive growth, despite slowing down considerably from H1 2015, when sales grew 5.4%. Sales also slowed throughout the ha...
03 February 2017
Coles has made some significant changes to its senior team, indicating that sales momentum at the retailer is slowing. New roles to focus on quality, price and availability Coles' managing director John Durkan has moved quickly to sure up the performance of Coles, following increasing speculation that sales growth at the retailer is slowing. Customer service and merchandising are the areas ...
26 October 2016
Coles has released Q1 sales for FY17, with total sales declining 0.3% to AU$9,399m, however food and liquor sales continued to grow, with convenience causing a drag on total performance. Food and Liquor sales up 2.9% to AU$7,850m LFL sales grew 1.8% in the quarter, marking a considerable slowdown from the 4.9% and 2.8% recorded in Q3 and Q4 of FY16, respectively. Despite the slowdown, Coles...
19 October 2016
Coles Liquor Group has opened a new format store under the name of Liquor Market in Melbourne. New big box format focused on simplified range and value The new 1,000 sq m store is located in Ringwood, a suburb to the east of Melbourne and is the latest development by Coles in its attempt to turnaround the performance of its liquor operation. The size of the store means that it is more l...
14 September 2016
In an Australian first, Coles will offer 10% discounts on fruit and vegetables to customers who reach step targets using an activity tracker. Five 100,000 step targets will unlock discounts Between 14 September and 30 November 2016, customers who wear compatible activity trackers, like a Fitbit, and are members of the Flybuys loyalty scheme, will be eligible to qualify for the promotion. Ev...
24 August 2016
Coles has reported its full year results for the period ending 30 June 2016, with revenue up 2.7% to AU$39,242m and EBIT up 4.3% to AU$1,860m. Food and liquor sales up 5.1% to AU$31,978m Despite 1.7% price deflation in the year, which accelerated in Q4 and drove a slowdown in performance, like-for-like (LFL) sales grew 4.1%. Coles continued to invest in Every Day low prices during the ye...
11 August 2016
Coles is testing a new convenience store format at three existing forecourt locations in Melbourne. Big Yum format taking on 7-Eleven head-to-head The new format, know as 'Big Yum at little Coles' launched last month and is being tested at Kew, South Yarra and Windsor. Including a wider range of grocery items, the stores put more emphasis on fresh food solutions and food-to-go, includin...
13 July 2016
Australian retail giant Coles has cut the prices of 145 of its private label lines, intensifying the competition with its rival Woolworths. Doubling products on “everyday low pricing” Prices of 145 Coles products, ranging from bakery wraps to cakes, sunscreen, shredded cheese and school lunch sandwich bags, will be reduced. They are among almost 1000 extra Coles brand items moved to a se...