Australasia news & analysis

19 July 2019
The subsidiary of Woolworths has announced the first batch of stores to close next year. Three store closures in the same city The first three of about 30 Big W stores to close over the next three years are all in Sydney - Chullora, Auburn and Fairfield. There would have been some cannibalisation between the stores as they are in close proximity to each other. These three stores will shu...
04 July 2019
Woolworths Group has announced plans to spin off its drinks and hospitality operations, Endeavour Drinks and the ALH Group. Creating a new entity, Endeavour Group Woolworths Group will combine Endeavour and ALH to form Endeavour Group Ltd. The new entity will combine the 1,500+ BWS and Dan Murphy’s drinks outlets and 327 ALH pubs and hotels, as well as the Pinnacle Drinks, Cellarmasters, an...
24 June 2019
Metcash has released annual results for the year ending 30 April 2019, with group sales up 1.8% to AU$12.7bn, but EBIT down 1.4% to AU$330m. Food sales AU$7,836.4m, EBIT down 3.0% to AU$182.7m Metcash has published results as per new accounting standards and has therefore rebased its FY18 results. With this in mind, food sales growth was flat over the past 12 months. Supermarkets saw sales ...
24 June 2019
Kaufland has started the construction of its first Australian distribution centre in Mickleham, on the northern edge of Melbourne. Australia's most advanced DC The new 117,000+ sq m facility will cost AU$255m and marks the next step in the retailer's entry into the market. The DC will be one of the largest in Australia once complete and include the most advanced technologies in terms of aut...
14 June 2019
Coles has told staff at its support centre in Melbourne that it will be cutting 450 jobs, as well as making some leadership changes. Job cuts ahead of major strategic reset The job cuts are part of an efficiency drive by the retailer and preceed the Coles strategy day that will be held next week. Coles managing director, Steven Cain, is expected to announce a major strategic reset for the b...
13 June 2019
Costco has announced that it will open its first store in New Zealand. Auckland's Westgate chosen for first store The new 14,000 sq m membership club store will be located at Westgate on the north western edge of Auckland. It will provide a new retail destination for the city, with 800 parking spaces and include groceries, electronics, homewares, plus fuel, a tyre centre, an optometrist and...
11 June 2019
Woolworths in Australia has invested AU$30m into meal kit delivery company Marley Spoon. Benefits and learnings for both companies The investment by the market leading retailer will see it form a strategic partnership with Marley Spoon, as well as take ownership of 9% of the business. Although no details have been released it is expected that the two companies will work together to develop ...
05 June 2019
Woolworths has announced that it will focus more on delivering every day low prices on products and cut back on weekly promotions. Price is a key metric of store choice Speaking last week, Director of Buying at Woolworths, Peter McNamara, explained that shoppers have been telling the retailer that although getting a "good deal" remains important, having prices that are trustworthy is "one o...
05 June 2019
Woolworths in Australia has announced a restructure of its in-store fresh food teams. Two in-store teams to oversea fresh food The new structure will see the creation of two teams in each supermarket; the 'fresh service' team that will run the butchers, seafood and deli counters and the 'fresh convenience' team that will operate shelf-orientated fresh food such as dairy, packaged meat, eggs...
04 June 2019
Following uncertainty over the agreement between the two, Metcash has agreed a new deal with Drakes Supermarkets in South Australia. New deal following challenges... Drakes' Foodland supermarkets will now be supplied by Metcash in South Australia until 30 September this year, with the possibility of extending the deal to the end of September 2020. Last year the agreement between the wholes...