Australia news

21 September 2022
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...
09 September 2022
ALDI’s third Corner store in Australia is on Swanson St, one of the main streets in Melbourne's central business district, after the first two stores opened in Sydney. Convenience at the centre The new store opened on Thursday, 8 September, with cups of coffee on offer to entice shoppers. Grocery and fresh produce are still the core offering, but it is supplemented by an artisan bakery, a g...
26 August 2022
Woolworths released full year results with sales up 9.2% to AU$60,849m and EBIT down 2.7% to AU$2,690m. Excluding new businesses PFD and Quantium, the sales growth was 5.1%. We review the results and share five key learnings. 1. Australian Food sales momentum builds against backdrop of rising shelf prices   After an operationally challenging first half, Australian Food sales were AU$45,461m...
24 August 2022
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...
17 August 2022
As Metcash looks to invest in prices to remain competitive and launches SupaValu from IGA in Melbourne, Amazon offers free one-day delivery for Prime members, amongst other developments, we round up news from the market. Metcash aiming to remain price competitive… Metcash-owned IGA and Foodland stores, according to reports from The Australian, are aiming to remain price competitive by focus...
17 August 2022
Woolworths has announced its MD of B2B & Everyday Needs, Claire Peters, is leaving the business. She will take up the role of VP worldwide at Amazon Fresh. Oversaw strong growth at Woolworths Claire Peters joined Woolworths in 2017 as Managing Director of Woolworths Supermarkets. Prior to this, she had over 20 years of experience working for Tesco, having started at the retailer as a gradua...
15 August 2022
As Australia-based Woolworths officially launches its B2B site and looks to boost its use recycled packaging, amongst other developments, we round up news from the retailer. Woolworths officially launches B2B site Woolworths at Work After a trial that began in September 2020, Woolworths has launched its online service, Woolworths at Work, for business customers. Customers will be able to bu...
27 June 2022
As Australia’s Metcash reports its full year results we look at the numbers it has reported and five key standouts from its report. The numbers… For the full year ending 30 April 2022, Metcash reported: Group sales: +5.9% to AU$15.2 bn Group sales including charge-through: +6.4% to AU$17.4 bn and by 17.2% on a two-year basis Group EBIT: +17.7% to AU$472m and by 41.0% on a ...
24 June 2022
We look at three initiatives from Australia’s Coles as it aims to become the country’s most sustainable supermarket. Collaboration leads to market debut for eco-bottles As part of a collaboration with packaging company Packamama and wine producers Accolade Wines and Taylors Wines Coles has exclusively introduced a wine bottle made entirely from Australian-sourced 100% recycled PET plastic. ...
24 June 2022
As Woolworths launches a new quick commerce service and plans to stop selling reusable plastic shopping bags we round up developments from the retailer. Woolworths launches Metro60 quick commerce service Woolworths’ Metro60 service will enable shoppers to order through an app for delivery in an hour. The service, which will initially launch in 11 eastern Sydney suburbs, will carry an AU$5 d...