Australia news

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...
22 February 2022
Coles has released its FY22 half year results with gross sales up 1.8% to AU$21,204m and EBIT down 4.4% to AU$975m. Supermarkets' sales up 2.0% to AU$18,582m Despite being up against strong comparatives, Coles continued to drive growth within its supermarkets division, with LFL sales growth of 1.4% in Q1 and 1.6% in Q2. On a two-year basis sales remained inflated, up 9.6%. As restrictions e...
07 December 2021
Despite cycling strong performance in FY21, Metcash has reported half year results for FY22 with revenue up 1.5% to AU$8.2bn and EBIT up 13.9% to AU$231m. We pull out five key learnings and assess the outlook for H2: 1. Underlying food sales remain very healthy Food sales decline 4.9% to AU$4,561m. The decline in sales is mainly due to the cycling of the termination of its supply agreement ...
30 November 2021
Coles has announced two major changes to its executive leadership team that will take effect over the coming months. New Chief Executive for Commercial & Express Leah Weckerts will take up the position of Chief Executive, Commercial & Express from Greg Davis in April 2022. Weckerts has been the CFO at Coles since March 2018, but having joined the business in 2011 has had numerous roles acro...
28 October 2021
Woolworths and Coles have both released Q1 FY22 results, with Woolworths sales up 7.8% to AU$16,070m and Coles sales up 1.5% to AU$9,756m. We compare the performance of both retailers and pull out the key learnings from both statements. A particularly challenging quarter for both retailers Both retailers highlighted the challenges that they have faced in Q1 with ongoing lockdowns across NSW...
27 October 2021
Coles has followed Woolworths by launching its own marketplace websites that will offer an extended range of general merchandise items. Exclusive range of products not available in Coles stores Woolworths introduced its Everyday Market platform last month , with Coles now having launched a new marketplace platform bestbuys.coles.com.au . The website will offer an exclusive range of Coles ...
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...