Coles news

18 April 2013
Wesfarmers has released Coles' Q3 results for the 12 weeks to 24 March 2013, with sales up 6.4% to AU$8,351m. Food and Liquor sales up 6.6% to AU$6,491m Despite overall food and liquor price deflation of 1.3% in the quarter, like-for-like (LFL) sales grew 5.3% in Q3. Coles saw strong volume growth, with customers benefiting from the retailers continued focus on fresh food quality, a better...
10 April 2013
As it looks to strengthen links with key suppliers and form longer term partnerships. Coles has agreed deals with two of Australia's dairy co-operatives, Murray Goulbourn and Norco. Contracts will supply private label milk Australia's largest dairy co-operative, Murray Goulbourn, which has 2,500 member farms, has signed a ten year contract, which will see the company supply the retailer's...
08 April 2013
Wesfarmers has announced the appointment of Stuart Machin as managing director of Target, its general merchandise business. Long career in grocery retail Mr Machin replaces Dene Rogers, who is leaving to pursue other opportunities. He has held the position of stores development and operations director at Coles  since August 2008, where a key focus was the development and rollout of new sto...
27 March 2013
Last week we examined how retailers in Australia are creating formats that are strengthening multi-channel competition. However, moving from the macro environment and drilling down further, retailers and suppliers are progressively starting to evolve their strategies to become shopper and insight led, with differentiation a word that we are increasingly hearing. An area we are likely to see i...
21 March 2013
With the changing dynamics of an increasingly competitive and unique grocery market, Australian retailers continue to drive strong growth, relative to their counterparts in other developed nations. However, despite a highly concentrated network of supermarkets, there remains much headroom to sweat more from existing bricks and mortar assets across all channels. International retailers creati...
05 March 2013
Coles Express is to roll out a scheme whereby customers using its ATM machines receive discount vouchers for use in-store, according to local press reports. Follows trial earlier this year The scheme was trialled in January and offered discount vouchers on products from beer to mobile phone recharging.  The rollout will see customers who use Coles Express's 600-strong network of ATMs re...
19 February 2013
Coles has become the first Australian supermarket to trial a mobile wallet payment system, a significant move as the retailer looks to better leverage the use of the smartphone. Contactless mobile payment and flybuy points with a single swipe Coles has begun trials with 60 customers to test the new Coles Mastercard Mobile Wallet. The new app for smartphones will enable customers to pay for...
14 February 2013
Wesfarmers has released its half year results for the period ending 31 December 2012, with EBIT for its retail division increasing 9.4% to AU$1,705m.  Coles' earnings grew an impressive 15.1% to AU$755m, with both Bunnings and Kmart also recording solid profit growth. However, costs incurred implementing Target's transformational plan meant the retailers earnings reduced 20.4%. Coles strateg...
30 January 2013
Coles has reported half year sales up 4.7% to AU$18,333m in the 27 weeks to 30 December 2012. Strong growth was maintained across the half with an improving growth trend in Q2 for almost all of Wesfarmers' retail divisions. Food & Liquor continues to grow volume ahead of sales Coles' Food and Liquor sales grew to AU$14,301m in the half, with sales up 5.0% or 3.8% on a like-for-like (LFL)...
22 January 2013
As the retailer looks to reinvigorate growth in its liquor formats in 2013, Coles has launched a new private label brand into the beer category. Three ales all with their own Aussie personality Coles has entered the craft beer market with the launch of its own private label branded beer. The new Steamrail Brewing Company brand has the slogan of 'Ale with a Tale', claiming that behind every...