Australia news

24 June 2022
We look at three initiatives from Australia’s Coles as it aims to become the country’s most sustainable supermarket. Collaboration leads to market debut for eco-bottles As part of a collaboration with packaging company Packamama and wine producers Accolade Wines and Taylors Wines Coles has exclusively introduced a wine bottle made entirely from Australian-sourced 100% recycled PET plastic. ...
24 June 2022
As Woolworths launches a new quick commerce service and plans to stop selling reusable plastic shopping bags we round up developments from the retailer. Woolworths launches Metro60 quick commerce service Woolworths’ Metro60 service will enable shoppers to order through an app for delivery in an hour. The service, which will initially launch in 11 eastern Sydney suburbs, will carry an AU$5 d...
20 May 2022
Woolworths has entered into a Scheme Implementation Agreement to acquire approximately an 80% stake in marketplace MyDeal.com.au. Woolworths’ offer values MyDeal.com.au at AU$243m. Woolworths said if completed, the remaining 20% stake in the business would continue to be held by MyDeal’s founder and chief executive, Sean Senvirtne, and other key management shareholders. Acquisition would enhan...
19 May 2022
As Woolworths Australia partners with InvertiGro for an in-store vertical farm and with Iberdrola for renewable energy, we round up three developments from the retailer. Woolworths Metro and InvertiGro partner for in-store vertical farm Through a partnership with Sydney-based AgTech InvertiGro, Woolworths Metro will add an in-store vertical farm at Metro Park Sydney Village. The solution wi...
11 May 2022
Woolworths Group’s payment business Wpay has launched a digital wallet, which it is making available through its Everyday Rewards app. Woolworths looking to speed up the checkout process… To use the solution shoppers will scan a QR code at the beginning of their shop, rather than having to scan their Everyday Rewards card and select a payment method at the end of the transaction, as they do...
03 May 2022
Despite the impact of omicron and flooding across Australia, Woolworths has reported sales growth of 9.7% to AU$15,123m for the 13 weeks ending 3 April 2022. The retailer is outpacing Coles in Australia, but what else do the results tell us… Australian Food sales up 5.4% to AU$11,432m Although time periods are not directly comparable, growth of 5.4% compares to that of 4.2% reported by Cole...
28 April 2022
Despite a quarter of significant disruption Coles has continued to see sales climb in Q3 of its latest financial year, up 3.6% to AU$9,295m. So what can we learn from the latest period? 1. Sales and inflation up, but costs up too...  Q3 was shaped by three disrupting factors; the Omicron variant of COVID-19, floods across South Australia, NSW and Queensland and subsequent knock-on supply ch...
18 March 2022
Australia is learning to live with the pandemic; lockdowns are easing and borders are reopening. While this is good news, there will continue to be significant impact on retail operations in 2022. Addressing these challenges and responding to shopper behaviours that either stick or revert to those pre-pandemic will be an ongoing focus for retailers. At the same time retailers will continue to ...
07 March 2022
Costco’s net sales increased 16.1% in the second quarter, maintaining its strong pace of growth despite tough comparables from last year. Against this backdrop of growth, we look at how it is navigating cost and supply chain challenges. Q2 key numbers Net sales increased 16.1% to $50.9 bn Comparable sales (ex-fuel and currency impacts) up 11.3% in the US, 12.4% in Canada and 9.0% in o...
23 February 2022
Woolworths Group has reported HY results for the period ending 2 January 2022, with sales up 8.0% to AU$31,894m, but EBIT down 11.0% to AU$1,382m. We pull out our top five learnings… 1. COVID and new revenue streams skew the big picture Woolworths Group CEO, Brad Banducci, described the period as ‘one of the most challenging halves’ for the retailer. A focus on customers, team and the broad...