Coles news

19 February 2019
Coles has announced its first set half year results ending December 31 following the demerger from Wesfarmers last November. Revenue up but profits impacted by restructuring Coles has reported a 2% increase in revenue to AU$20.4bn in the six months to December 31, with supermarket sales rising 3.1% to AU$15.7bn. However, LFL sales slowed from 5.1% in Q1 to 1.3% in the second. Liquor sales w...
29 January 2019
Coles is building two new automated distribution centres and is partnering Uber Eats in Australia. AU$950m (US$681.3m) investment over six years Coles will invest AU$950m over the next six years on two 70,000 sq m / 753,475 distribution centres in Redbank, Brisbane and in Kemps Creek, western Sydney. The retailer has signed 20-year-leases for the two sites, which will replace five existing ...
28 November 2018
Coles has introduced a Christmas version of its highly popular collectables promotion, Little Shop. Five mini items to collect in total Coles' Little shop collectables campaign was highly successful earlier this year, helping drive a significant improvement in the retailer's performance and allowing it to post its strongest quarterly sales in two years. Coles has now reintroduced the initia...
19 November 2018
Coles has opened a new Coles Local neighbourhood supermarket format in Surrey Hills, Melbourne. Half the size of a typical Coles supermarket The new format at 1,280 sq m is half the size of a typical Coles supermarket and the launch is a culmination of a two-year project by the retailer. The store is designed to tap into the changing needs of Australian shoppers, with a tailored in-store ex...
13 September 2018
Claire Rawlins has left her role as chief innovation officer at Coles after only six months, joining Salesforce as senior vice president, strategic advisor. Significant changes at Coles lie ahead Rawlins was brought into the Coles business earlier this year to oversee its increasing investment in digital and online shopping, however has left the role after just a few months. Coles is going ...
15 August 2018
Coles has released its 2018 full year results with sales up 0.7% to AU$39,009m, but EBIT down 6.8% to AU$1,500m. Food and liquor sales up 2.1% to AU$33,285m Despite price deflation of 1.2% for the year, like-for-like (LFL) food and liquor sales grew 1.1%. Management will be pleased with the improved momentum in Q4, seeing total sales up 2.6% and LFL sales growing by 1.8%. The acceleration w...
26 July 2018
Coles is testing a new loyalty subscription service called 'flybuys max' that offers free home delivery, online video streaming, discounts on leisure and entertainment, plus cheaper fresh grocery products. Available via a monthly or annual sub The new service is available for AU$10 a month or AU$99 a year and includes unlimited free home delivery on Coles online orders over AU$50. Members c...
24 July 2018
Coles has launched a new collectables marketing campaign, featuring miniature toys of some of Australia's most iconic FMCG products. 30 miniature toys to collect, plus additional merchandise for sale The campaign started last week, whereby shoppers receive a miniature toy of a famous FMCG products for every AU$30 they spend. In total there are 30 toys to collect, alongside other merchandise...
13 June 2018
Coles is set to expand into convenience store operations, as part of a number of new initiatives for the retailer in Australia. New store formats Coles is developing smaller and more flexible stores to meet the needs of consumers in inner city locations, making it more convenient for customers to shop. Fierce rival, Woolworths, operates Metro stores that focus on grab and go items and fresh...
27 April 2018
Coles has released its Q3 results, with sales up just 0.3% to AU$9,046m. Food and Liquor sales up 1.9% to AU$7,754m Underlying food and liqour sales gained momentum in the quarter. Although like-for-like (LFL) sales only grew 0.9%, removing the unfavourable timing of New Year's Day and Easter when compared to the previous year, LFL sales were up 1.3%. Growth continued to be positive despite...