Australia news

24 March 2014
Following a strategic review that began in June 2013, Metcash has announced details of its five year transformation plan that it hopes will drive long term sustainable growth. The plan will see Metcash invest AU$575m-AU$675m in its operations, with capital expenditure due to peak at between AU$150m-AU$180m in 2015, reducing to between AU$130m-AU$150m in 2016 and 2017. The plan has four strategic p...
14 March 2014
Woolworths has announced that it is to open over 100 new stores this financial year, creating just short of 7,000 new jobs. New stores across all major formats The new stores and jobs will be spread across all aspects of the retailer's Australian operation, including Woolworths Supermarkets, Dan Murphy's and BWS liquor stores, Big W general merchandise stores and Masters home improvement. Ju...
06 March 2014
Coles managing director Ian McLeod has unveiled a new expansion strategy for Australia's second largest supermarket chain that will see it open 70 new stores over the next three years. Increase in net new openings The plan released by McLeod in Canberra this week marks a step up in the retailer's new space program. Over the past few years Coles has on average opened 20 stores per year, howeve...
28 February 2014
Woolworths has released its H1 profits for the 27 weeks to 5 January 2014, with net profits after tax from continuing operations before significant items up 6.0%. Australian Food, Liquor and Petrol EBIT up 6.7% to AU$1,766m EBIT for food and liquor increased 6.8% to AU$1,692m and for petrol 4.2% to AU$74m. During the half Woolworths served on average 21m customers a week, up 3.9% YOY. Customers...
27 February 2014
Coles has launched a new variation of its popular Down Down price campaign with the introduction of Deeper Down Down, slashing the prices further on existing products and introducing more products to the initiative. Over 1,400 products now in the Down Down scheme Deeper Down Down will see further savings of up to 34% on some of Australia's favourite brands such as Nestle, Lipton and Sanitariu...
27 February 2014
Discounter Aldi is looking to take advantage of new planning laws in the Australian state of Victoria, opening stores on land that previously forbid retail development. New planning laws make smaller store development easier Aldi has been fast to react to the new planning laws that were introduced in July 2013. The new laws mean that former business 1, 2 and 3 zones have been rolled into comm...
19 February 2014
Wesfarmers' managing director Richard Goyder said he was pleased with what he called "solid growth in Coles 'earnings" as Coles Group reported an increase of 10.7% for the half year ended 31 December 2013. Revenue increased by 5% and Food and Liquor sales growth was 4.7% for the half. Better range at convenience stores and momentum in liquor Coles continued to reinforce its price lea...
18 February 2014
Wesfarmers has announced that John Durkan will replace Ian McLeod as MD at Coles. McLeod to hand over reins but remains within group John Durkan previously held the position of Chief Operating Officer at Coles and will become MD on 1 July 2014. McLeod will take up a new opportunity within the Wesfarmers Group, working closely with the MD and senior team aiding development of strategic initi...
13 February 2014
Having entered the Australian market only thirteen years ago, new research suggests that Aldi has now become Australia's third largest grocery retailer. Market share hits double digits According to the latest research coming out of Australia, Aldi has grown its market share to a new high of 10.3%. This is the first time that Aldi has reportedly had a double digit market share in Australia and...
11 February 2014
Coles has announced plans to invest 'significantly' in the state of Victoria in the year ahead, opening 14 new supermarkets in total. New city and regional stores part of the plan Coles will invest AU$360m into the state of Victoria this year it has confirmed. This money will see the retailer build an additional eight supermarkets in Melbourne, four in Geelong and refurbish existing stores ...