Coles news

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...
18 February 2014
Wesfarmers has announced that John Durkan will replace Ian McLeod as MD at Coles. McLeod to hand over reins but remains within group John Durkan previously held the position of Chief Operating Officer at Coles and will become MD on 1 July 2014. McLeod will take up a new opportunity within the Wesfarmers Group, working closely with the MD and senior team aiding development of strategic initi...
11 February 2014
Coles has announced plans to invest 'significantly' in the state of Victoria in the year ahead, opening 14 new supermarkets in total. New city and regional stores part of the plan Coles will invest AU$360m into the state of Victoria this year it has confirmed. This money will see the retailer build an additional eight supermarkets in Melbourne, four in Geelong and refurbish existing stores ...
31 January 2014
Whether it be new promotions, the launch of retailer radio stations or new supplier deals, read on to get a quick round up of this weeks news from Australia. New battleground for promotions being drawn? As predicted in our 'Australia in Focus: Six Trends for 2014' article , both Coles and Woolworths have started to redirect capital freed up from not running fuel docket promotions into new me...
20 January 2014
Coles has marked the start of its centenary year with the recreation of its original store. From one store to over 2,300 in 100 years The first Coles store and Australia's first variety store opened on 9 April 1914, meaning that this year the retailer celebrates its 100th Birthday. Today the business has grown into Australia's second largest supermarket chain with over 2,300 stores, but the ...
06 January 2014
Coles has announced that it will become the first national Australian supermarket chain to commit to having 100% RSPCA approved private label chicken. All private label chicken to be RSPCA approved Coles has been selling RSPCA approved chicken breasts, wings, drumsticks, thigh fillets and whole chickens since 2011, but from January 2014 all Coles Brand fresh chicken, including loose portion...
02 January 2014
As we welcome in 2014, Senior Business Analyst Nick Miles looks ahead and explores some of the trends and developments that we are likely to see emerge from Australia's dynamic and exciting grocery market over the next 12 months. 1. Thinking 'multichannel' will unlock new areas of growth After years of supermarket dominated retailing, the Australian grocery market is becoming increasingly comp...
29 December 2013
To stimulate your thinking for 2014, six of our analysts have selected their favourite large stores of the past year. Tesco Extra (Watford, UK): creating a new future for hypermarkets? Nick Miles, Senior Business Analyst Tesco’s relaunched hypermarket in Watford was a ‘retail event of 2013’, seeing the retailer open the first of its new look ‘destination Extra’ stores and to create more...