Coles news

24 February 2016
Coles has reported a solid set of H1 results for the period ending 31 December 2015, with revenue increasing 3.1% to AU$20,087m and earnings before interest and tax (EBIT) up 5.6% to AU$945m. Food and liquor sales increase 5.4% to AU$16,657m Coles' food and liquor performance gained momentum through the half with like-for-like (LFL) sales increasing 4.3% in H1 and 4.9% in Q2, whilst tota...
19 January 2016
Woolworths has announced that it plans to sell or close its Masters hardware chain, whilst Coles' parent Wesfarmers has announced the international expansion of its Bunnings hardware chain. Sale of Masters due to losses and challenging outlook Masters was established in 2011 as part of a joint venture with US hardware chain Lowe's and has grown to 58 stores. However, following continued ...
18 November 2015
Australia's leading grocery retailers have launched their Christmas advertising campaigns, with three very different TV advertisements targeted at winning shoppers this festive season. Woolworths rely on family appeal and social media The first Woolworths advertisements feature six families explaining how they celebrate Christmas. The campaign called 'Make it Famous'  focuses firmly on ...
09 November 2015
Coles has launched a new system called Power Pick that will allow staff to pick online orders more efficiently in-store. Automated navigation for in-store pickers The new tablet-based technology will see the retailer fully automate its in-store picking process for online orders, allegedly increasing pick rate by up to 20%, as well as reducing the number of picking errors. Pickers will no...
22 October 2015
Coles has reported a 2.1% increase in sales to AU$9,232m for the first quarter of its 2016 financial year. In what was described as a 'pleasing' quarter by Wesfarmers MD, Richard Goyder, food and liquor sales growth offset a decline in convenience sales. Food & Liquor sales up 4.7% to AU$7,286m LFL sales grew 3.6% despite price deflation of 1.3%, the strongest level of quarterly...
22 October 2015
Coles' flybuys loyalty scheme has partnered with Etihad Airways, allowing flybuys members the chance to access discounted airfares to over 100 destinations. Three new ways to collect and redeem flybuys points The new scheme offers numerous benefits for flybuys members: As with similar schemes, flybuys customers will now be able to cash in flybuys points that they have collected at ...
30 September 2015
The Australian online grocery market is expected to be worth AU$5.8bn in 2020 – over twice its current value of AU$2.6bn. 4.1% of grocery sales in 2020 will be online Although retailers downunder have been slower than in other developed market, such as the UK, Japan and France, to push the growth of online grocery retailing, Australia already punches above its weight on a global scale. ...
20 August 2015
Coles Group has reported revenue growth of 2.2% for the year ended 30 June 2015. Total revenue at parent company Wesfarmers was up 0.2%. Wesfarmers' managing director Richard Goyder said the improved sales momentum was "a good result" in a competitive supermarket sector. Growth in fresh supports food and liquor division Coles registered sales growth of 5.3% at its food and liquor busin...
14 July 2015
The competitive environment in Australia is certainly heating up, with the big two retailers coming under increasing pressure from Aldi. In the article below we summarise some of this week's key developments. Aldi unveils local sales and profits Aldi has come under accusation recently that it is not paying enough tax in Australia, however earlier this week the retailer hit back publishin...
09 July 2015
Both Coles and Woolworths have made further changes to their liquor and supermarkets teams respectively, as both try to re-instigate growth in these divisions. Two new senior appointments at Coles Liquor Coles continues to rebuild its liquor management team. Having appointed Cathi Scarce as the GM of Coles Liquor Group in March, Coles has now appointed Andrew Griffiths as General Manager ...