Coles news

09 July 2015
Both Coles and Woolworths have made further changes to their liquor and supermarkets teams respectively, as both try to re-instigate growth in these divisions. Two new senior appointments at Coles Liquor Coles continues to rebuild its liquor management team. Having appointed Cathi Scarce as the GM of Coles Liquor Group in March, Coles has now appointed Andrew Griffiths as General Manager ...
22 June 2015
Supabarn, an independent supermarket chain based in Canberra, is to sell several of its stores to Coles. Deal includes stores in Canberra and Sydney The proposed sale includes the Civic, Wanniassa, Kaleen and Crace stores in ACT, as well as the Casey store, which is still under construction. In NSW, stores at Five Dock, Sutherland, Annandale and Sans Souci will also be sold. However...
18 June 2015
Coles has confirmed that it is to carry out more range reviews, to ensure that its categories match shopper demand. Customer data to underpin ranges The new range reviews will encompass all categories and use Coles' customer data to identify gaps in its ranges. The decision to implement the wider process is as a result of suppliers asking for greater transparency, longer planning pe...
28 May 2015
While retailers and manufacturers continue to compete on price, there are companies who are looking to deliver added value for shoppers without cutting prices. We consider five of the levers that are being used to offer added value, which we expect to see more of in 2015 and beyond. This article was written by Harriet Cohen,...
20 May 2015
Coles' Managing Director, John Durkan, has given an update on the retailer's strategic priorities at Wesfarmers strategy day. We spell out the main points from his presentation, and what we can expect in the year ahead. Customer central to every aspect of the retailer Durkan emphasised that the seven priorities he set out last May (right) at the start of his leadership remained the same...
29 April 2015
Coles has reported headline growth for its food and liquor business of 5.4% in the third quarter of the 2015 financial year, reflecting investment in price and improvements in the quality of fresh food. Price investment hits Food and Liquor stores Comparable food and liquor store sales were up 3.8% and comparable food store sales were up 4.5% for the quarter. Coles experienced 1% price defl...
08 April 2015
Strong price and promotions activity in Australia's grocery market is nothing new, however there is increasing concern that the market is heading towards a full on price war. So what can the industry learn from other markets? To date volume growth has remained strong Price deflation has become part of the market in recent years in Australia as both Woolworths and Coles have continued to dri...
27 March 2015
Following a period of relative stability amongst senior management in Australia's grocery market, we have started to see some significant job changes over the past few weeks... Metcash loses CEO Supermarkets The Metcash CEO Supermarkets, Fergus Collins, has decided to leave the company after 13 years of Service. Collins was appointed to his current position in December 2013, as part of inco...
19 February 2015
Coles has announced half year results with revenues up 2.8% to AU$19,483m and EBIT up 7.1% to AU$895m. Food and liquor growth remains strong Coles' food and liquor division reported revenues growing 5.3% to AU$15,559m, with EBIT up 7.1% to AU$895m. Food and liquor price deflation continued throughout the half and was recorded at 0.7% (Q2 -0.9%), however through its continued improvements in...
16 January 2015
Danish retailer, Dansk Supermarked, has appointed Anders Hagh as its new CFO. Hagh joins Dansk Supermarked having spent ten years in senior management positions in Denmark and Asia. Anders Haigh: ‘Dansk Supermarked … is on a very exciting journey’ Commenting on his appointment, Hagh said, ‘Dank Supermarked has set the bar high for a Danish company and is on a very exciting journey towards b...