Australasia news & analysis

18 March 2020
Amazon in Australia has filed revenues of AU$562m for 2019, an increase of 92.4% of the previous year, however it still hasn't made a profit. Revenue up AU$270m Having entered Australia in December 2017, the huge growth builds on the AU$292m of revenue it reported in 2018, with Amazon Prime membership one of the major contributors to the increase. Prime membership grew from AU$4.3m in 2018 ...
11 March 2020
Aldi Australia has opened its first new store in South Australia this year and has plans for a further five. Almost 40 SA stores by end of 2020... Aldi opened its first stores in the state at the start of 2016 and with the new opening now has 34 up and running. Further expansion will take the network to 39 by the close of the year. Aldi originally announced that it believed there was capaci...
05 March 2020
Woolworths and Terracyle's Loop are working to bring on board both suppliers and customers to test the new solution in a trial that will kick off in June 2021. Woolworths exclusivity for first year Woolworths and Terracyle announced their new partnership last year, which will give the retailer exclusivity to Loop's reusable product packaging for its first year of operation in the market. To...
27 February 2020
Woolworths has released its H1 2020 results with sales from continuing operations up 6.0% to AU$32,410m and EBIT after significant items up 24.2% to AU$1,762m. Australia Food sales up 6.4% to AU$21,200m The impressive growth was underpinned by a 5.1% increase in LFL sales and driven by both transaction growth and an increase in items per basket. Sales were supported by two strong promotiona...
24 February 2020
EG Group has placed a bid to purchase Caltex Australia's operations, challenging a twice-improved bid from Couche-Tard. Two forecourt heavyweights vying for a foothold EG Group, who purchased Woolworths' petrol business in 2018 and operates over 5,000 forecourts across Europe, the US and Australia has offered AU$3.9bn for Caltex's convenience stores, as well as seperate shares in a a new li...
24 February 2020
Aldi Australia is driving double digit growth from its liquor category according to its buying director for wines and sparkling, Jason Bowyer and he predicts this growth to continue for a number of reasons. 1. Quality preception on the increase Last year saw Aldi's liquor range win more awards than ever before, with 150 medals and three trophies for wine, a trophy for beer and six gold meda...
24 February 2020
Woolworths Australia has announced that its first supermarket featuring automated picking technology will launch later this year, while it has extended its 2-hour Delivery Now service. First Takeoff Tech store to be located in south east Melbourne Woolworths announced its new partnership with Takeoff Technologies last year, with plans to roll out automated picking facilities into a number o...
18 February 2020
Coles has released its H1 results, with growth in all segments and sales up 3.3% to AU$18,846m (US$12.6bn). Supermarket sales up 3.3% to AU$16,583m (US$11.1bn) Supermarkets sales revenue was AU$16,583m (US$11.1bn) for the half, an increase of 3.3% on the prior corresponding period, with comparable sales growth of 2.0%. For the second quarter, Supermarkets sales revenue increased by 4.8% ...
12 February 2020
Costco Australia is launching online shopping and delivery later this month, but it will be available to members only. Making shopping more convenient Costco members will need to register for an online account to use the new online shopping service. Shipping costs will be included in online prices. Overall prices, however, will be slightly higher than shopping in the warehouses. Costco also...
31 January 2020
Woolworths has appointed two new senior executives to head up its Endeavour Drinks business, which it will spin off later this year. New team will lead new independent business Steve Donohue, the retailer's current drinks managing director, has become the managing director for its Endeavour Drinks function. While Colin Storrie, Woolworths' existing group portfolio manager will become chief ...