Australasia news & analysis

03 November 2022
Woolworths Group Q1 F23 sales is up 1.2% to AUD16,583m (US$10,549m) but food businesses sales are below the prior year. Australian Food sales declined despite higher prices Australian Food is down 0.5% to AUD12,204m (US$7,763m) while like-for-like sales declined by 1.1%. Average prices increased 7.3% compared to Q1 F22. There is a double-digit inflation in fruit and vegetables driven by inc...
02 November 2022
Woolworths is launching a series of price promotions for the festive season. Different mechanisms for saving money Woolworths is helping Australians save money through different discount programmes this Christmas: Prices frozen for Christmast essentials: Woolworths half leg ham, WA rock lobster, cooked Australian tiger prawns, Woolworths 500 grams pavlova base, Maggie Beer gravy, and ...
31 October 2022
Coles has sent a note to suppliers that it is considering price hikes only when well-justified. Balancing shoppers needs against competitive environment Coles will consider price increases that is based on raw materials or packaging increases for example. Price hikes are considered on a case-by-case basis. However, it will not be entertaining unjustified price increases. The letter to su...
26 October 2022
Coles’ Q1 FY23 reached AUD9.9 bn (US$6.4 bn) up 1.3%, but a slow down from the previous quarter’s 3.3% jump. Food inflation leading to change in shopping habits Supermarket sales rose 1.6% to AUD8.8 bn (US$5.6 bn) with like-for-like sales growing by 2.1%. Coles said first quarter food inflation rose to 7.1%, following a 4.3% rise in the June quarter. The rise in prices is being driven by ba...
25 October 2022
Coles is Australia's first major retailer to use drones for delivery. Service will deliver in minutes Coles is partnering Wing delivery to pilot a service in South East Queensland to provide on-demand drone delivery. The Coles drone delivery expansion follows a successful pilot programme in Canberra this year. Some of the popular items made during the pilot phase include fresh fruit, milk, ...
20 October 2022
Retail sales for the quarter were AUD2,490m (US$1,565.8m), down 6.2% on Q1 F22, predictably due to the cycling through of lockdown peaks. Consistent strong sales over longer term Endeavour Group operates Australia’s largest alcohol retail network, across Dan Murphy’s and BWS. Compared to pre-COVID 19, the sales are 13.9% higher compared to Q1 F20, representing a three-year CAGR of 4.4%. The...
20 October 2022
More than 13m Woolworths shoppers in Australia have a free Everyday Rewards card. The new programme charges a subscription fee for more benefits. Everyday Extra Rewards for extra savings Everyday Rewards members earn one point per AUD1 (US$0.62) spent at Woolworths and BIG W. They get a AUD10 (US$6.28) discount on a future shop for every 2,000 points earned. To become an Everyday Extra memb...
06 October 2022
The retailer has announced three key leadership changes in its Group. Leadership of Woolworths Food Company Guy Brent will be managing director of Woolworths Food Company (Woolworths own and exclusive brand food business), Greenstock (upstream meat business), the PFD Food services partnership and Australian Grocery Wholesalers. Brent has led the Woolworths Food Company since 2019 and had he...
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...
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...