Australasia news & analysis

25 October 2021
We round up some of the recent developments from Australia's food and consumer goods market, including; new vaccination policies, senior appointments, business restructures, new sustainability initiatives and innovative product ranges. 1. Leading retailers make COVID-19 vaccination compulsory Woolworths, Coles and Aldi have decided to make it a mandatory requirement for all store, DC and of...
08 October 2021
Metcash has announced that Doug Jones will succeed Jeff Adams as the CEO of Metcash in Australia. Significant retail and wholesale experience Doug Jones is the existing CEO and senior vice president of Massmart Wholesale in South Africa and will take over as Metcash CEO on 1 February 2022. It will be the second time in less than a year that we have seen a senior executive move from a South ...
08 October 2021
Coles has taken the decision to close all of the butcher counters within its stores and will instead rely on pre-packed products. New consistent category operating model Through its ABC format strategy Coles has been becoming more selective in terms of the counters it deploys in-store in recent years. In lower performing stores or those in low affluence locations, it has been striping out c...
26 August 2021
Woolworths has released its FY21 results with sales up 5.7% to AU$67,278m and EBIT up 13.7% to AU$3,663m, online continues to be a big winner with ecommerce sales up 58.1% to AU$5,602m. Australian Food sales up 5.4% to AU$44,441m Growth of 10.6% in H1 was offset by growth of just 0.2% in H2, as Woolworths cycled tough comparative trading periods vs. the year before. Similar to Coles' result...
18 August 2021
Coles has released its FY21 results with sales up 3.1% to AU$38,562m and EBIT up 6.3% to AU$1,873m. In a year described by the Group's Chairman as 'marked by extrodinary community and business challenges', Coles delivered sales and EBIT growth across all business sectors.  A year of two halves and bumps in the road The phasing of Coles' financial year (July-June) has meant that COVID-19 saw...
16 August 2021
Australia’s largest grocery retailer continues to accelerate the growth of its online business, with three significant developments over the past few months. Second micro fulfilment store opens in Australia, fourth in total for the group Woolworths has opened its second micro fulfilment-enabled eStore in Australia. the first store launched in Carrum Downs in Victoria in October 2020, with t...
30 July 2021
Australia’s convenience sector is dominated by forecourt-based stores, however evolution of the sector has been slow and innovation has been stop start in recent years. As Ampol and Woolworths launch their first Ampol Woolworths Metro store in Victoria, we explore whether the partnership’s drive to open more stores will unlock further value in the Australian convenience channel. 14 Ampol Woolw...
14 July 2021
Aldi Australia has launched a new smaller format store called Aldi Corner Store on Mount Street in North Sydney, with the store featuring both some standard Aldi features and some interesting new concepts. Still Aldi, but format design and operations flexed to suit the location The new store at around 500-600 sq m is about half the size of a standard Aldi stores and is the first of its kind...
06 July 2021
Having seen a surge in demand for online grocery retail over the past year, we have remodelled how we expect the channel to grow in Australia over the coming years, predicting that online grocery will achieve a market share of 9.9% by 2026, up from an estimated 5.0% by the end of FY21. COVID-19 has accelerated online grocery by three years in Australia Woolworths and Coles currently control...
30 June 2021
Metcash has released its annual results for the year ending 30 April 2021 with sales up 10.1% to AU$16,361.1m and EBIT up 19.9% to AU$401.4m. With sales significantly benefitting from changing shopping habits driven by the pandemic, as well as the retailer's progress against its strategy, we pull out our key learnings from the results and what to expect next. Food sales up 3.1% to AU$9,389.7m ...