Coles news

13 October 2021
For several years, shoppers have shown a growing interest in their health and well-being. Grocery retail is one of many stakeholders that has responded by improving access and choice. The COVID-19 pandemic has intensified shoppers’ interest in this area, creating a new wave of interest. This aligns with one of our expectations for a post-pandemic world, which will see shoppers look to the indu...
08 October 2021
Coles has taken the decision to close all of the butcher counters within its stores and will instead rely on pre-packed products. New consistent category operating model Through its ABC format strategy Coles has been becoming more selective in terms of the counters it deploys in-store in recent years. In lower performing stores or those in low affluence locations, it has been striping out c...
28 September 2021
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...
18 August 2021
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...
06 July 2021
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...
24 May 2021
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...
24 May 2021
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...
04 May 2021
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...
28 April 2021
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 ...
12 April 2021
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 ...