Coles news

Australia’s Coles Group reported sales growth of 3.9%, from continuing operations, in its half year to 1 January 2023, reaching AU$20.8 bn (US$14.4 bn), underpinned by the strength of growth at its supermarkets and online. The retailer said its EBIT rose 9.9% to AU$1.1 bn (US$759.2m) as COVID-related costs were reduced and it benefited from the effects of its Smarter Selling programme. As part...

Woolworths and Coles have received a draft notice to deal with over 5,200 tonnes of soft plastic.  REDcycle soft plastics collection problem The two supermarkets had been taking part in the REDcycle soft plastics collection programme which encouraged shoppers to dispose of soft plastics including biscuit wrappers, bread bags, pet food pouches to recycle facilities in the stores. However, th...

Coles has opened a refreshed store in Southland, Melbourne's bayside suburb of Cheltenham. The new store showcases the latest technology and digital integrations across the store's grocery and fresh produce. The retailer has also announced dropped prices for more products to help shoppers until after Easter. Coles Southland new look store Coles Southland store features the supermarkets larg...

Coles Group has shaved 30 minutes off its click and collect boot delivery service at its Southland store in Victoria. Largest collection point  The store at Southland, Victoria will have the widest range of items and click and collect ready in 60 minutes. The range for this service is extended to 20,000 products, including items like hot roast chicken. New technologies, such as digital scal...

Coles has sent a note to suppliers that it is considering price hikes only when well-justified. Balancing shoppers needs against competitive environment Coles will consider price increases that is based on raw materials or packaging increases for example. Price hikes are considered on a case-by-case basis. However, it will not be entertaining unjustified price increases. The letter to su...

Coles’ Q1 FY23 reached AUD9.9 bn (US$6.4 bn) up 1.3%, but a slow down from the previous quarter’s 3.3% jump. Food inflation leading to change in shopping habits Supermarket sales rose 1.6% to AUD8.8 bn (US$5.6 bn) with like-for-like sales growing by 2.1%. Coles said first quarter food inflation rose to 7.1%, following a 4.3% rise in the June quarter. The rise in prices is being driven by ba...

Coles is Australia's first major retailer to use drones for delivery. Service will deliver in minutes Coles is partnering Wing delivery to pilot a service in South East Queensland to provide on-demand drone delivery. The Coles drone delivery expansion follows a successful pilot programme in Canberra this year. Some of the popular items made during the pilot phase include fresh fruit, milk, ...

Both Coles and Woolworths have launched campaigns to help shoppers save money despite inflationary pressures. Coles "dropped & locked" prices Coles has added more "locked" price stickers at its supermarkets, with prices of 150 household products kept stable until 31 Jan 2023. These prices have been dropped 10-40% before locking. Leah Weckert, Coles' Chief Executive of Commercial and Express...

Coles is selling its 710 Coles Express sites to petrol and diesel supplier Viva Energy for AUD300m (US$201m). What does this mean for Coles? The deal will allow Coles to focus on its core supermarket and liquor business. Site branding will happen over the next three and a half years, with the majority updated within the next two. Although the sites will be rebranded, Coles’ shoppers will co...

Coles has released FY22 results with sales revenue up 2.0% to AU$39,369m and EBIT down by 0.2% to AU$1,869m. The retailer has completed its third year of its transformation strategy and is already benefiting from the strong ecommerce performance. We share the key takeaways and what to expect next. 1. Solid sales revenue, but profits hampered by higher costs The positive sales revenue was de...