Australasia news & analysis

06 January 2020
Costco in Australia has recorded sales of over AU$2bn for the first time. Growth of over 18% The retailer's Australian revenue was recorded as AU$2.159bn for the 52 weeks to September 2019, up 18.5% from AU$1.822bn in 2018. Its operations in Australia continue to perform well, with growth accelerating against the 14% growth recorded in its 2018 financial year. Costco now has 11 store tradin...
10 December 2019
Woolworths has opened a new supermarket at the Burwood Bricksworks Shopping Centre in east Melbourne, claiming it to be its 'most sustainable' supermarket. New and established features... Some of the interesting features of the store include the fact that it will be completely run on renewable energy, trolleys made from recycled milk bottles, plus freezers and hot water that use natural fri...
06 December 2019
Metcash has released half year results for the period ending 31 October 2019, with group revenue including charge-through sales, up 0.5% to AU$7.21bn. Underlying EBIT declined 5.3% to AU$149.7m, mainly attributed to a lower contribution from the food business as a result of the loss of its contract with Drakes on 30 September in South Australia Food sales including charge through increased 1.2...
28 November 2019
Coles has opened its latest iteration of its urban supermarket format 'Coles Local' in the Melbourne suburb of St Kilda. Innovative new features set store apart The retailer has pitched the store as its 'most innovative' supermarket yet, with extensive shopper research having been conducted to tailor the offer to the local area. With the typical age of people due to shop at the store betwee...
27 November 2019
7-Eleven has decided to not renew its supply contract with Metcash when it runs out in in August 2020. Second major contract loss this financial year Metcash's annual sales from the contract with 7-Eleven amount to approximately AU$800m, mainly in lower margin categories such as tobacco. This latest development follows on from Metcash losing its contract to supply Drakes Supermarkets in So...
27 November 2019
Alimentation Couche-Tard has submitted a AU$8.6bn (US$5.8bn) bid to purchase Caltex Australia. Caltex battling profit downturn The Alimentation Couche-Tard offer is subject to board approval and follows another offer that was made in early October and rejected. Caltex has been repurposing its business in Australia due to a significant downturn in profit margins and already plans to look to ...
27 November 2019
Countdown is set to open New Zealand's first darkstore in Auckland in April 2020. Increased capacity for Auckland shoppers The retailer will open its first online dedicated fulfillment centre in response to growing demand for the service. Countdown has been rapidly growing its online sales in recent years, announcing that it now accounts for 7.7% of sales in recent results. The facility wil...
20 November 2019
David Jones and BP have opened their first convenience store on a petrol forecourt in Bayside, Melbourne. A new offer for petrol forecourts David Jones announced in August that it would partner with BP to open David Jones branded stores on petrol sites in Sydney and Melbourne, with the store at Bayside on the corner of North Road and Nepean Highway marking the start of the partnership. Th...
13 November 2019
Woolworths and Caltex have opened their first new petrol forecourt store in Sydney. New look Woolworths petrol offer The first store at North Ryde in Sydney is the first of 250 that the retailer plans to roll out across Australia. The new stores will look to upgrade the convenience offer on Caltex forecourts, with around 1,000 SKU's offering food-for-now and food-for-later solutions, everyd...
11 November 2019
Woolworths launched a new convenience format at the start of November called MetroGo, we assess the concept and what it could mean for the market. What is MetroGo? The new format, at just 50 sq m, is a smaller version of its Metro stores that it has been rolling out over the past few years. While these Metro stores have been focused on servicing a mixture of neighbourhood and CBD locations,...