Australasia news & analysis

24 February 2020
EG Group has placed a bid to purchase Caltex Australia's operations, challenging a twice-improved bid from Couche-Tard. Two forecourt heavyweights vying for a foothold EG Group, who purchased Woolworths' petrol business in 2018 and operates over 5,000 forecourts across Europe, the US and Australia has offered AU$3.9bn for Caltex's convenience stores, as well as seperate shares in a a new li...
24 February 2020
Aldi Australia is driving double digit growth from its liquor category according to its buying director for wines and sparkling, Jason Bowyer and he predicts this growth to continue for a number of reasons. 1. Quality preception on the increase Last year saw Aldi's liquor range win more awards than ever before, with 150 medals and three trophies for wine, a trophy for beer and six gold meda...
24 February 2020
Woolworths Australia has announced that its first supermarket featuring automated picking technology will launch later this year, while it has extended its 2-hour Delivery Now service. First Takeoff Tech store to be located in south east Melbourne Woolworths announced its new partnership with Takeoff Technologies last year, with plans to roll out automated picking facilities into a number o...
18 February 2020
Coles has released its H1 results, with growth in all segments and sales up 3.3% to AU$18,846m (US$12.6bn). Supermarket sales up 3.3% to AU$16,583m (US$11.1bn) Supermarkets sales revenue was AU$16,583m (US$11.1bn) for the half, an increase of 3.3% on the prior corresponding period, with comparable sales growth of 2.0%. For the second quarter, Supermarkets sales revenue increased by 4.8% ...
12 February 2020
Costco Australia is launching online shopping and delivery later this month, but it will be available to members only. Making shopping more convenient Costco members will need to register for an online account to use the new online shopping service. Shipping costs will be included in online prices. Overall prices, however, will be slightly higher than shopping in the warehouses. Costco also...
31 January 2020
Woolworths has appointed two new senior executives to head up its Endeavour Drinks business, which it will spin off later this year. New team will lead new independent business Steve Donohue, the retailer's current drinks managing director, has become the managing director for its Endeavour Drinks function. While Colin Storrie, Woolworths' existing group portfolio manager will become chief ...
31 January 2020
Some of Australia's leading independent retailers have formed Co-operatives Supermarkets Australia (CSA), a new buying group that will allow its members 'to collectively bargain with suppliers of goods and services to the Australian grocery industry'. Support from leading independent retailers The new group is spearheaded by former Coca-Cola Amatil managing director Warwick White and has si...
06 January 2020
Costco in Australia has recorded sales of over AU$2bn for the first time. Growth of over 18% The retailer's Australian revenue was recorded as AU$2.159bn for the 52 weeks to September 2019, up 18.5% from AU$1.822bn in 2018. Its operations in Australia continue to perform well, with growth accelerating against the 14% growth recorded in its 2018 financial year. Costco now has 11 store tradin...
10 December 2019
Woolworths has opened a new supermarket at the Burwood Bricksworks Shopping Centre in east Melbourne, claiming it to be its 'most sustainable' supermarket. New and established features... Some of the interesting features of the store include the fact that it will be completely run on renewable energy, trolleys made from recycled milk bottles, plus freezers and hot water that use natural fri...
06 December 2019
Metcash has released half year results for the period ending 31 October 2019, with group revenue including charge-through sales, up 0.5% to AU$7.21bn. Underlying EBIT declined 5.3% to AU$149.7m, mainly attributed to a lower contribution from the food business as a result of the loss of its contract with Drakes on 30 September in South Australia Food sales including charge through increased 1.2...