Coles news

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...

Coles has confirmed that its chief information officer, Claire Rawlins, has taken up a new roles as its chief innovation officer. Significant IT and digital experience Rawlins has been with Coles for just over a year. She joined the business as chief information officer, a role which hadn't existed since 2014. However, before joining Coles she was group executive of digital and technology a...

As part of the retailer's strategy to improve its premum offer, Coles has partnered with Fresh baker Laurent Boillon to develop a unique range of artisan breads. Long term deal signals commitment The 10 year deal with Boillon will see Coles develop its premium private label bread range, with all products produced at a new facility in Melbourne. Products will including a ‘Coles Finest’ Sourd...

Wesfarmers has announced that Coles managing director John Durkan will step down from his role, while it also plans to seperate the company from its other operations. Steven Cain to become new MD John Durkan, who has been Coles MD for the past four years, will step down from his role later this year. Durkan has been part of the senior management at Coles for many years, helping the business...

Coles has posted its H1 results for the period ending 31 December 2017, with revenue falling 0.3% to AU$19,978m and earnings before interest and tax (EBIT) declining 14.1% to AU$790m. Lower earnings were mainly due to investments made in the customer offer, as well as lower property earnings due to a one-off gain in the prior year.   Food and liquor sales increase 0.9% to AU$17,056m Despite...

The two leading retailers in Australia continue to set standards not only in retail execution, but also in social and environmental issues too. We review Coles's latest autism-friendly shopping initiative and Woolworths' commitment to reducing food waste.  Coles launches autism-friendly shopping hour Following a successful trial in early 2017, Coles has rolled out its Quiet Hour programme a...

Coles continues to experiment with their delivery options, teaming up with Deliveroo to offer 30-minute delivery service on groceries to customers. Exploring delivery options Only last month, Coles announced that it was piloting home delivery service with Uber. Their latest announcement, partnering Deliveroo, offers a 30-minute delivery service for a selected range of everyday essentia...

Coles are piloting grocery home delivery service on a small-scale with Uber in Australia between August and September.  Speed-up delivery and lower costs... Competition for online delivery for groceries in Australia is expected to intensify over the next 12 months, particularly with Amazon expected to enter the market. Coles' partnership with Uber will support customers who have missed item...

Woolworths in Australia has announced that it will be phasing out the use of plastics bags, with Coles then swiftly confirming a similar policy. Major retailers to ban bags by July 2018 Woolworths, who gives out more than 3.2bn plastic carrier bags each year, has confirmed that these will be removed from its supermarket, Big W and BWS stores by July 2018. The retailer's Dan Murphy's and Cel...

Coles has released Q3 sales, with food and liquor up 1.2% to AU$7.6bn. The company is increasing investments in reduced prices and improved services to build trust with customers. Food and liquor sales continue to lose momentum Coles' food and liquor division reported sales growing at 1.6% in the last quarter, and this has slowed to 1.2% this quarter. Like for like (LFL) sales have also slo...