Coles news

04 March 2021
Before the COVID-19 pandemic online grocery was accelerating in Australia, however since the pandemic hit, growth has become supercharged. For retailers and suppliers online grocery is going to be a vital growth channel over the next few years down under. In our next  Future Talk by Retail Analysis webinar,  we will consider how global retail trends are impacting on Australia and how the onlin...
26 February 2021
Half year results season in Australia is out of the way, with both Woolworths and Coles having released their HY performance reports over the last two weeks. As the attention swings towards H2 and the rest of 2021, we believe that there are five major trends that will shape the Australian grocery market as we cycle out of the pandemic... 1. Acceleration of online grocery Over the past few y...
19 February 2021
Coles has launched a new online subscription service called Coles Plus that offers benefits across the Group's businesses for $19.99 a month. New sub links benefits across the Group's businesses The new service was revealed at the retailer's H1 results this week and replaces its Delivery Plus service that it launched in November 2019 . Unlike the old service, the new sub offers one price p...
17 February 2021
Coles has posted sales growth of 8.1% to AU$20,378m for the first half of its FY21, with EBIT also increasing 12.1% to AU$1,020m. Supermarkets sales up 7.3% to AU$17,800m Supermarket LFL growth was reported at 7.2% for the half and despite ongoing challenges to deal with the pandemic, customer satisfaction scores reached record highs. Growth did slow in Q2, but remained strong (Q2 LFL growt...
12 February 2021
Coles has rolled out a 90-minute click & collect service to over 400 stores, called Click&Collect Rapid. New service available throughout the afternoon Shoppers can now order online and pick up their shopping in just an hour and a half. The service also offers an extended range to that available via standard click & collect, such as hot roast chickens. Orders are capped at 40 items and must...
07 January 2021
Coles has started the new year by announcing that it plans to cut the prices of over 200 products over the coming three months. Reductions of everyday items  The price cuts are expected to be implemented across various categories, with initial products to see reductions including ice cream, convenience items, deli products, drinks and pet food. Some products will see prices dropped as much ...
28 October 2020
The retailer’s sales hit AU$9,607m in the first quarter of FY21, with significant online growth and changes to its digital marketing capability a highlight. Supermarket sales up 9.8% to AU$8,464m Supermarket LFL sales grew 9.7% with the results skewed by the varying degrees of COVID-19 restrictions across the country. Growth was highest in Victoria, and to a lesser extent in New South Wales...
23 September 2020
Coles has announced a new partnership that will see it source 90% of its energy in Queensland from renewable sources. Second 10 year renewable energy deal The retailer has signed a 10 year deal to team up with CleanCo, a state-owned clean energy provider. Power for 75% of the retailer's business in Queensland will come from Australia's largest solar farm (once built) and one of the largest ...
18 August 2020
Coles has reported FY20 results with sales up 6.9% to AU$37,408m and EBIT up 4.7% to AU$1,387m. Supermarkets sales up 6.8% to AU$32,993m Strong supermarket sales and EBIT growth of 10.7% were a result of Coles’ refreshed strategy and an increase in demand created by COVID-19. LFL sales growth for the year was 5.9%, with sales growth of 7.6% and 7.1% on a total and LFL basis in Q4, respectiv...
04 August 2020
Coles is running a new 'Instant Win' promotion that allows shoppers the potential of winning a prize each time they shop. Over 1,000 products included in the promotion Shoppers will recieve a prize code on their receipt for every transaction that includes three or more items from participating products. All they then have to do is enter the code at coles.com.au/instantwin to see if they hav...