Coles news

22 August 2019
Coles has released FY19 annual results with retail sales revenue up 3.1% to AU$35,001m, but group sales revenue down 1.7% to AU$38,152m. Supermarket sales revenue up 3.2% to AU$30,890m The supermarket division continued to see solid growth, with LFL sales up 2.7% and EBIT growth of 2.2% to AU$1,1,83m for the year. Growth was aided by inflation, which increased in Q4 to 1.4%, but for the yea...
14 June 2019
Coles has told staff at its support centre in Melbourne that it will be cutting 450 jobs, as well as making some leadership changes. Job cuts ahead of major strategic reset The job cuts are part of an efficiency drive by the retailer and preceed the Coles strategy day that will be held next week. Coles managing director, Steven Cain, is expected to announce a major strategic reset for the b...
21 May 2019
Coles has launched a new healthy living private label brand called 'Wellness Road'. Specialist premium healthy living range The new Wellness Road range includes 28 products such as organic flaxseed oil, organic buckwheat kernels, tiger nut flour, organic red rice noodles with Chia and textured vegetable protein. Coles has launched the range, which has premium black and gold packaging, to gi...
21 May 2019
Coles has started selling misshaped fruit and vegetables under a new range called 'I'm Perfect'. Initially being tested in Victoria and South Australia The new range includes 1kg bags of lemons, 2kg bags of apples, pears, onions, sweet potatoes, 2.5kg bags of carrots and 3kg bags of oranges. The I'm Perfect ranges are available at some stores in Victoria and South Australia and are priced c...
14 May 2019
Coles aims to ramp up its convenience strategy with improved food-to-go ranges and better targeted stores. New ranges to tap into a AU$1bn opportunity Speaking to the Australian Financial Review, Coles managing director, Steven Cain, has revealed that the retailer plans to introduce 75 new lines to its food-to-go range. It will also make changes to over 100 stores in the next six months, en...
29 April 2019
Coles has released its Q3 results, with sales down 1.8% to AU$8,881m (US$6.2bn). This was mainly impacted by a fall in fuel volumes despite growth in supermarket sales. Total Supermarket and Liquor sales up 3.3% to AU$8,007m (US$5.6bn) Supermarket sales gained momentum in the quarter, with like-for-like (LFL) sales up 2.4% aided by the successful Fresh Stikeez promotional campaign. It compl...
26 March 2019
Online retailer Ocado has announced a partnership with Coles to develop its online grocery business in Australia. This is the fifth international partnership for the Ocado Smart Platform in less than 18 months. Developing Coles’ online business Coles is one of Australia’s largest grocery retailers, generating sales of AU$39.4bn in 2018. It operates 818 supermarkets across the country. The r...
21 March 2019
Coles has increased the range that it offers for delivery via Uber Eats to include groceries. Selected ranges include staples and impulse items At the start of the year Coles started offering delivery of hot food in less than 30 minutes at its Pagewood, Sydney store via Uber Eats. Users could have ready-to-eat snacks, sandwiches, salads, pizzas, pies, curries and desserts delivered for a AU...
06 March 2019
Coles in Australia has formed two strategic relationships to aid the performance of its liquor and online grocery businesses. New JV will see liquor and hotels business seperated Coles has entered into a AU$200m agreement with private equity firm Australian Venue Co (AVC) that will see it divide its liquor store (bottle shop) business from its hotels business. Coles will continue to operate...
04 March 2019
Coles has signed a deal with Optus to ensure that its stores and offices recieve faster fibre connections and improved mobile services. Operational and loyalty benefits The new deal with Australia's second largest telecommunications company will see the retailer improve the speed and service of its connectivity across 2,400 stores and multiple office locations. As well as the operational be...