Coles news

Australian grocery retailer Coles has launched a new price campaign focused on promoting great value frozen products. Expanding ‘Down Down’ to over 150 frozen products The new campaign will see Coles leverage its long standing and successful ‘Down Down’ campaign in the Frozen Food Category. The latest round of price cuts means that the retailer has introduced another 40 frozen products un...

Coles has reported full year sales for the 53 weeks until 30 June 2013 up 5.2% to AU$36,075m, with profits (EBIT) for the same period up 13.1% to AU$1,533m. Continued progress across supermarkets reaping rewards Food and Liquor sales for the full year increased 5.5% to AU$28,125m, with sales in the fourth quarter up 5.7% to AU$7,332m. Despite reporting on-going food and liquor price defla...

Coles has introduced a new range of private label ready meals under the name 'Coles Made Easy'. Initial range of meats, roasts and seasonal vegetables The new range of 'Made Easy' ready meals has been introduced via an advert featuring the Coles new girl 'Jenny', a new personality which the retailer has created to generate excitement and shout about all the new products at Coles supermarke...

Coles is currently running an exclusive promotion, whereby customers can win over 10,000 tickets to One Direction concerts across Australia. Buy one of 600+ products for a chance to win The retailer has partnered with the British band to promote their 'Take Me Home' tour of Australia in October this year. The majority of tickets can be won by purchasing selected products in-store between 5 Ju...

Coles has cut the prices of some of Australia's most popular brands in the latest round of price reductions under its popular 'Down Down' campaign. Great value on four big brands The latest round of cuts will see 40 new products added to the retailer's 'Down Down' list of EDLP products. However, following customer research that found 75% of Australians would purchase big brands when discounte...

Wesfarmers has released Coles' Q3 results for the 12 weeks to 24 March 2013, with sales up 6.4% to AU$8,351m. Food and Liquor sales up 6.6% to AU$6,491m Despite overall food and liquor price deflation of 1.3% in the quarter, like-for-like (LFL) sales grew 5.3% in Q3. Coles saw strong volume growth, with customers benefiting from the retailers continued focus on fresh food quality, a better...

As it looks to strengthen links with key suppliers and form longer term partnerships. Coles has agreed deals with two of Australia's dairy co-operatives, Murray Goulbourn and Norco. Contracts will supply private label milk Australia's largest dairy co-operative, Murray Goulbourn, which has 2,500 member farms, has signed a ten year contract, which will see the company supply the retailer's...

Wesfarmers has announced the appointment of Stuart Machin as managing director of Target, its general merchandise business. Long career in grocery retail Mr Machin replaces Dene Rogers, who is leaving to pursue other opportunities. He has held the position of stores development and operations director at Coles  since August 2008, where a key focus was the development and rollout of new sto...

Last week we examined how retailers in Australia are creating formats that are strengthening multi-channel competition. However, moving from the macro environment and drilling down further, retailers and suppliers are progressively starting to evolve their strategies to become shopper and insight led, with differentiation a word that we are increasingly hearing. An area we are likely to see i...

With the changing dynamics of an increasingly competitive and unique grocery market, Australian retailers continue to drive strong growth, relative to their counterparts in other developed nations. However, despite a highly concentrated network of supermarkets, there remains much headroom to sweat more from existing bricks and mortar assets across all channels. International retailers creati...