Coles news

14 August 2014
Coles has appointed Chris Nicholas as its new CFO, the latest in a number of senior role changes since new MD John Durkan took over the helm of the business in July. New CFO has considerable international experience Chris Nicholas, the current CFO for Dansk Supermarked in Denmark, will move to Australia to take up his new role on 1 November 2014. Nicholas joined Dansk Supermarked in April 2...
02 July 2014
Coles has launched a new version of its mobile app that allows users to personalise special offers and calculate the savings that they could achieve by shopping with Coles. Never miss when your favourites are on promotion Under a new section call 'My Specials', the updated app helps sort the latest catalogue specials based on the users shopping habits. The app uses data from the flybuys loy...
30 June 2014
Price and promotional activity is becoming a key focus for retailers and manufacturers. In this article, Harriet Cohen explores how this has developed, what shoppers are saying and what to expect in the future. 1) Price and promotional activity is front of mind for now In IGD's Trading Relationship Survey 2014, retailers and manufacturers worldwide identified that price and promotional ...
19 June 2014
New Coles MD John Durkan will officially take over from Ian McLeod on 1 July, however he is already making his mark on the business with a number of senior appointments. Changes to new and existing positions Durkan has reportedly appointed new personnel to head up the Coles liquor business, operations and supply chain, and also the retailer's digital advances. Andy Coleman, who joined Coles...
22 May 2014
Heston Blumenthal's new 'Heston for Coles' ranges has hit the shelves at Coles this week, plus the retailer has announced plans for 31 new stores in Queensland. Eight products highlighted with more to come... Having announced towards the end of 2013 its new partnership with celebrity chef Heston Blumenthal and that he would be working to deliver an exclusive range for Coles, the new produc...
29 April 2014
Coles has released Q3 results for the 12 weeks to 30 March 2014, with sales up 3.6% to AU$8,639m. All of the other Wesfarmers retail businesses continued to grow in the quarter with the exception of Target, which continues to be repositioned as part of its new strategy to deliver long-term sustainable growth. Food and Liquor sales up 3.9% to AU$6,734m Despite being up against a tough comparativ...
09 April 2014
The beauty retailer is reportedly looking to open its first standalone stores in Australia in 2015. Standalone stores will increase beauty competition Reports suggest that Sephora was planning on entering the market in partnership with department stores David Jones and Myer, however it has decided to go it alone. The premium cosmetics and fragrance market in Australia is estimated to be worth A...
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...
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...
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...