Coles news

23 June 2016
Coles has launched its first darkstore in Melbourne, as it explores new ways to fulfil the growing demand for online orders. Coles' online business has grown 25% this year The first darkstore is located in Richmond, an inner suburb just to the east of Melbourne's CBD. The operation will initially serve customers located within 5km of the facility. This is the first darkstore that the ...
23 June 2016
Wesfarmers held its annual strategy day this week, with Coles MD John Durkan, providing an update on the retailers seven strategic pillars. 1. Double digit volume growth in fresh produce Coles for many years has under index on fresh produce, however it continues to make significant progress in this area. Customer participation in fresh food increased 85bps last year as the retailer impro...
08 June 2016
The retailer has announced that it will invest AU$120m to open nine new supermarkets in WA. Investment will boost store numbers by 10% The news from Coles comes on the week that Aldi opens its first four stores in WA. With competition in the state set to heat up in the coming year, Coles will open new supermarkets in Byford, Riverton, Secret Harbour, Lakelands, Kwinana, Northam, Tri...
23 May 2016
Coles has reportedly significantly expanded its ready meal range, improved the quality of products and reduced prices, as it looks to expand the category and capitalise on the growth opportunity. Prices reduced by up to 28% The Coles branded products have been expanded to target time poor shoppers, according to Coles' general manager for meal solutions Charlotte Rhodes. Ready meals in A...
21 April 2016
Coles has reported Q3 results with total sales growing 3.2% to AU$8,966m, with food and liquor sales growing 5.9% to AU$7,518m. Food and liquor performance a key highlight Coles' food and liquor division had a record Easter trading period, with LFL sales over the period growing 4.9%, despite price deflation running at 2.0%. Coles continued to focus on lowing prices on the most popular pr...
07 April 2016
Australian petrol forecourts are set to see a new convenience format rolled out later this year, as Caltex looks to revamp its existing stores. New format will offer better value, food and even haircuts! The new format, which will be revealed over the coming months, is set to offer better value and more services, including food-to-go, ready meals, dry cleaning and even haircuts. The reva...
24 February 2016
Coles has reported a solid set of H1 results for the period ending 31 December 2015, with revenue increasing 3.1% to AU$20,087m and earnings before interest and tax (EBIT) up 5.6% to AU$945m. Food and liquor sales increase 5.4% to AU$16,657m Coles' food and liquor performance gained momentum through the half with like-for-like (LFL) sales increasing 4.3% in H1 and 4.9% in Q2, whilst tota...
19 January 2016
Woolworths has announced that it plans to sell or close its Masters hardware chain, whilst Coles' parent Wesfarmers has announced the international expansion of its Bunnings hardware chain. Sale of Masters due to losses and challenging outlook Masters was established in 2011 as part of a joint venture with US hardware chain Lowe's and has grown to 58 stores. However, following continued ...
18 November 2015
Australia's leading grocery retailers have launched their Christmas advertising campaigns, with three very different TV advertisements targeted at winning shoppers this festive season. Woolworths rely on family appeal and social media The first Woolworths advertisements feature six families explaining how they celebrate Christmas. The campaign called 'Make it Famous'  focuses firmly on ...
09 November 2015
Coles has launched a new system called Power Pick that will allow staff to pick online orders more efficiently in-store. Automated navigation for in-store pickers The new tablet-based technology will see the retailer fully automate its in-store picking process for online orders, allegedly increasing pick rate by up to 20%, as well as reducing the number of picking errors. Pickers will no...