Australasia news & analysis

29 April 2019
Coles has released its Q3 results, with sales down 1.8% to AU$8,881m (US$6.2bn). This was mainly impacted by a fall in fuel volumes despite growth in supermarket sales. Total Supermarket and Liquor sales up 3.3% to AU$8,007m (US$5.6bn) Supermarket sales gained momentum in the quarter, with like-for-like (LFL) sales up 2.4% aided by the successful Fresh Stikeez promotional campaign. It compl...
25 April 2019
Woolworths has launched Compass, a mobile app that allows its suppliers to track the sales performance of its products. Allowing suppliers to track performance The Compass mobile app (available on Apple and Android smartphones free of charge) uses historical sales trends to forecast each product’s daily sales in every Woolworths store. If sales fall below forecasts, suppliers will receive a...
02 April 2019
Amazon in Australia has recorded sales of AU$292m for the 12 months ending 31 December 2018. Positive revenue growth The online retailer has filed accounts for its first full financial year in Australia, with revenue increasing significantly from the AU$17m revenue reported in 2017. Of the AU$292m; retail sales accounted for AU$106m, sales from other related parties accounted for AU$150m an...
02 April 2019
Woolworths has announced plans to close up to 30 Big W stores, as well as launch a new media business called Cartology. Big W closures driven by shifting shopping habits Woolworths has announced plans to close up to 30 of its Big W discount department stores, as well as two of its distribution centres. The Big W business has struggled to deliver growth in the past few years. The chain repor...
26 March 2019
Online retailer Ocado has announced a partnership with Coles to develop its online grocery business in Australia. This is the fifth international partnership for the Ocado Smart Platform in less than 18 months. Developing Coles’ online business Coles is one of Australia’s largest grocery retailers, generating sales of AU$39.4bn in 2018. It operates 818 supermarkets across the country. The r...
21 March 2019
Coles has increased the range that it offers for delivery via Uber Eats to include groceries. Selected ranges include staples and impulse items At the start of the year Coles started offering delivery of hot food in less than 30 minutes at its Pagewood, Sydney store via Uber Eats. Users could have ready-to-eat snacks, sandwiches, salads, pizzas, pies, curries and desserts delivered for a AU...
12 March 2019
Kaufland has recieved planning permission for its first three stores, distribution centre and a new HQ in Australia. Initial focus on Victoria The retailer has been given the all clear to start building the facilities in Melbourne, Victoria. The first stores will be located in Chirnside Park, Dandenong and Epping, with what is understood to be Australia's largest distribution centre to be l...
06 March 2019
Metcash has revealed a new five year plan worth AU$270m that will see it speed up existing initiatives, test new store formats, upgrade its digital services and improve the infrastructure of the business. Continue to refurbish stores and expand private label Although Metcash has struggled in recent years, some of its strategies have been successful. The Diamond Store refresh programme has b...
06 March 2019
Coles in Australia has formed two strategic relationships to aid the performance of its liquor and online grocery businesses. New JV will see liquor and hotels business seperated Coles has entered into a AU$200m agreement with private equity firm Australian Venue Co (AVC) that will see it divide its liquor store (bottle shop) business from its hotels business. Coles will continue to operate...
04 March 2019
Coles has signed a deal with Optus to ensure that its stores and offices recieve faster fibre connections and improved mobile services. Operational and loyalty benefits The new deal with Australia's second largest telecommunications company will see the retailer improve the speed and service of its connectivity across 2,400 stores and multiple office locations. As well as the operational be...