Coles news

29 April 2015
Coles has reported headline growth for its food and liquor business of 5.4% in the third quarter of the 2015 financial year, reflecting investment in price and improvements in the quality of fresh food. Price investment hits Food and Liquor stores Comparable food and liquor store sales were up 3.8% and comparable food store sales were up 4.5% for the quarter. Coles experienced 1% price defl...
08 April 2015
Strong price and promotions activity in Australia's grocery market is nothing new, however there is increasing concern that the market is heading towards a full on price war. So what can the industry learn from other markets? To date volume growth has remained strong Price deflation has become part of the market in recent years in Australia as both Woolworths and Coles have continued to dri...
27 March 2015
Following a period of relative stability amongst senior management in Australia's grocery market, we have started to see some significant job changes over the past few weeks... Metcash loses CEO Supermarkets The Metcash CEO Supermarkets, Fergus Collins, has decided to leave the company after 13 years of Service. Collins was appointed to his current position in December 2013, as part of inco...
19 February 2015
Coles has announced half year results with revenues up 2.8% to AU$19,483m and EBIT up 7.1% to AU$895m. Food and liquor growth remains strong Coles' food and liquor division reported revenues growing 5.3% to AU$15,559m, with EBIT up 7.1% to AU$895m. Food and liquor price deflation continued throughout the half and was recorded at 0.7% (Q2 -0.9%), however through its continued improvements in...
16 January 2015
Danish retailer, Dansk Supermarked, has appointed Anders Hagh as its new CFO. Hagh joins Dansk Supermarked having spent ten years in senior management positions in Denmark and Asia. Anders Haigh: ‘Dansk Supermarked … is on a very exciting journey’ Commenting on his appointment, Hagh said, ‘Dank Supermarked has set the bar high for a Danish company and is on a very exciting journey towards b...
30 October 2014
Wesfarmers has released sales for the first quarter of its 2015 FY with sales at Coles up 4.0% to AU$9,249m. Coles food & liquor sales up 5.8% to AU$7,303m Coles food and liquor like-for-like (LFL) sales increased 4.3% (5.0% excluding liquor) and continued the improving trend in underlying growth seen in H2 of 2014. Price deflation continued, but eased in the quarter to 0.5% (Q4 '14 1.0%). ...
07 October 2014
According to press reports, Woolworths and Coles are considering expanding their portfolio into the convenience channel, with retailers scouting for sites in city centre locations. 200-400 sq m stores to target urban shoppers With increasing urbanisation, busy lifestyles and the conversion of office blocks to apartments, it is understood that the major Australian grocers are considering the...
04 September 2014
Woolworths has published a reported entitled the 'Future of Fresh' in which it builds a picture as to how Australians will be shopping in 20 years time. Fundamental shift in shopper behaviour Woolworths has surveyed the Australian people to better understand current shopping habits, but also the expected habits of what it calls 'Generation Alpha' (those born from 2010). The report predicts ...
02 September 2014
Coles has confirmed that it is planning on cutting 440 jobs from its head office in Melbourne. Between 15-20% of workforce to be cut Coles MD John Durkan announced the job cuts this week. The job cuts represent 15-20% of those employed at Coles' support centre at Tooronga and are expected to include the departure of several senior executives who joined Coles five or six years ago when Wesfa...
20 August 2014
Coles has reported results for its 2014 financial year ending 30 June 2014, with revenue up 4.5% to AU$37,391m and profit (EBIT) growing 9.1% to AU$1,672m. In this article we pull out the eight key things that you need to know from the results... Food and Liquor revenue up 4.6% to AU$29,220m and EBIT up 12.3% to AU$1,536m Like-for-like (LFL) food and liquor sales grew 3.7% (...