Coles news

16 March 2018
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...
21 February 2018
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...
23 November 2017
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...
08 September 2017
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...
31 August 2017
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...
17 July 2017
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...
27 April 2017
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...
15 February 2017
Coles has reported H1 sales for the period ending 31 December 2016 of AU$20,277m, a decline of 0.2% on the previous year. Earnings before interest and tax also declined 2.6% to AU$920m. Food and liquor sales up 2.2% to AU$17,020m Coles' food and liquor division maintain positive growth, despite slowing down considerably from H1 2015, when sales grew 5.4%. Sales also slowed throughout the ha...
03 February 2017
Coles has made some significant changes to its senior team, indicating that sales momentum at the retailer is slowing. New roles to focus on quality, price and availability Coles' managing director John Durkan has moved quickly to sure up the performance of Coles, following increasing speculation that sales growth at the retailer is slowing. Customer service and merchandising are the areas ...
26 October 2016
Coles has released Q1 sales for FY17, with total sales declining 0.3% to AU$9,399m, however food and liquor sales continued to grow, with convenience causing a drag on total performance. Food and Liquor sales up 2.9% to AU$7,850m LFL sales grew 1.8% in the quarter, marking a considerable slowdown from the 4.9% and 2.8% recorded in Q3 and Q4 of FY16, respectively. Despite the slowdown, Coles...