Markets/Australia/News

Australia news

25 January 2021
The discount retailer opened its first two stores 20 years ago today in Sydney and today it has over 560 stores trading across the country.  Part of the Australian grocery fabric When Aldi brought its highly differentiated operating model to Australia on 25 January 2001, many could not have predicted the success that the retailer would have over the next 20 years. Rising to become Australia...
07 January 2021
Coles has started the new year by announcing that it plans to cut the prices of over 200 products over the coming three months. Reductions of everyday items  The price cuts are expected to be implemented across various categories, with initial products to see reductions including ice cream, convenience items, deli products, drinks and pet food. Some products will see prices dropped as much ...
15 December 2020
Metcash has reported H1 results for the period ending 31 October 2020 with sales revenue up 12.3% to AU$8,094m including charge-through sales and growth in sales volume across all pillars. Food sales up 9.5% to AU$4,795.9m Strong growth was achieved despite the loss of supply agreements to Drakes in South Australia in September 2019 and 7-Eleven in August 2020. Excluding these impacts, sale...
07 December 2020
After highlighting Christmas ads from the UK’s grocery retailers , we have been collecting examples from the rest of the world to show how retailers globally are looking to celebrate the season after the challenges of 2020. Australia Aldi Aldi in Australia launched its Go Full Christmas campaign as it looked to tell shoppers they had the right to ‘go full on’ in Christmas 2020 given...
24 November 2020
The world’s largest convenience chain 7-Eleven continues to drive innovation. We provide the latest trading updates from U.S, Australia and Japan. U.S: 7-Eleven opens fifth Evolution Store 7-Elven has opened its second Evolution Store in Dallas and the fifth in the country. Located at 9750 Walnut Hill Lane, the new store features Laredo Taco Co., self-serve beverages on tap, fresh bakery, m...
04 November 2020
Woolworths has reported strong growth in Q1 FY21, with group sales up 12.3% to AU$17,853m. Australian Food up 12.9% to AU$12,033m                Australian Food sales continued to soar, boosted by COVID-19 and the retailer’s Ooshies collectables marketing campaign. Both stores and online played their part, with LFL sales up 11.5% and online sales growing 100% to $961m. Online penetration hi...
28 October 2020
The retailer’s sales hit AU$9,607m in the first quarter of FY21, with significant online growth and changes to its digital marketing capability a highlight. Supermarket sales up 9.8% to AU$8,464m Supermarket LFL sales grew 9.7% with the results skewed by the varying degrees of COVID-19 restrictions across the country. Growth was highest in Victoria, and to a lesser extent in New South Wales...
24 September 2020
As Woolworths in Australia continues to drive digital innovation in its business through its X functions, we round up four of its latest developments... New digital, media and creative hub Woolworths will move its WooliesX and BigWX functions, media business cartology and creative agency Greenhouse, powered by M&C Saatchi, into a new building on Sydney's Elizabeth Street in Surrey Hills. Th...
24 September 2020
Woolworths (South Africa) has released full year results for the 52 weeks ending June 2020 that showed turnover fell by 1.2% to ZAR72.2 bn (US$4.3 bn). It noted its 2019 financial year had benefited from being a 53-week year. Underlining the challenging nature of the year, the retailer reported a 54.5% fall in adjusted profit before tax to ZAR2.2 bn (US$129.6m). COVID-19 had ‘ significant impa...
23 September 2020
Coles has announced a new partnership that will see it source 90% of its energy in Queensland from renewable sources. Second 10 year renewable energy deal The retailer has signed a 10 year deal to team up with CleanCo, a state-owned clean energy provider. Power for 75% of the retailer's business in Queensland will come from Australia's largest solar farm (once built) and one of the largest ...