Australia news

18 April 2013
Wesfarmers has released Coles' Q3 results for the 12 weeks to 24 March 2013, with sales up 6.4% to AU$8,351m. Food and Liquor sales up 6.6% to AU$6,491m Despite overall food and liquor price deflation of 1.3% in the quarter, like-for-like (LFL) sales grew 5.3% in Q3. Coles saw strong volume growth, with customers benefiting from the retailers continued focus on fresh food quality, a better...
16 April 2013
Metcash is to roll out a new marketing campaign that aims to showcase shoppers favourite brands and also highlight the role IGA stores play in their local communities. Leveraging IGA's points of difference The campaign, which will run over the next year, will involve television, digital, catalogue and point of sale activity in all 1,400 IGA supermarkets across Australia . Metcash will in...
12 April 2013
Woolworths has reported third quarter sales for the 13 weeks to 31 March 2013, with sales fromcontinuing operations up 5.7% to AU$14,432m. Its Supermarket Division saw sales continue to grow well, up 5.0% to AU$12,817m. Australian Food and Liquor sales up 5.6% to AU$9,945m Like-for-like (LFL) sales growth in Australian food and liquor continued to recover, increasing 3.8%, compared to 2.4%...
10 April 2013
As it looks to strengthen links with key suppliers and form longer term partnerships. Coles has agreed deals with two of Australia's dairy co-operatives, Murray Goulbourn and Norco. Contracts will supply private label milk Australia's largest dairy co-operative, Murray Goulbourn, which has 2,500 member farms, has signed a ten year contract, which will see the company supply the retailer's...
08 April 2013
Aldi is reported to be investing up to AUD 2bn in its Australian business in the next few years. Supporting strong growth Local press, Australian Daily, reports that Aldi Australia is set to receive AUD 1bn to support its rapid store expansion programme, with a further AUD 1bn to follow in the future. Expanding into new states Aldi has not confirmed the specific figures released...
08 April 2013
Woolworths has launched a new beauty department in its flagship Town Hall store in central Sydney. New beauty bar, dedicated staff and free treatments On our last visit to Woolworths Town Hall store the work for the new concept was underway and this week sees the launch of a new beauty category for Australia's market-leading retailer. The new beauty department features a unique store-in-...
08 April 2013
Wesfarmers has announced the appointment of Stuart Machin as managing director of Target, its general merchandise business. Long career in grocery retail Mr Machin replaces Dene Rogers, who is leaving to pursue other opportunities. He has held the position of stores development and operations director at Coles  since August 2008, where a key focus was the development and rollout of new sto...
27 March 2013
Last week we examined how retailers in Australia are creating formats that are strengthening multi-channel competition. However, moving from the macro environment and drilling down further, retailers and suppliers are progressively starting to evolve their strategies to become shopper and insight led, with differentiation a word that we are increasingly hearing. An area we are likely to see i...
21 March 2013
With the changing dynamics of an increasingly competitive and unique grocery market, Australian retailers continue to drive strong growth, relative to their counterparts in other developed nations. However, despite a highly concentrated network of supermarkets, there remains much headroom to sweat more from existing bricks and mortar assets across all channels. International retailers creati...
12 March 2013
Costco’s second quarter sales, for the 12 weeks to February 17, increased by 8.2% to $24.3bn, with comparable store sales (excluding the impact of fuel and currency), up 5%. Net income attributable to Costco increased by 38.8% to $547m. A resilient model despite economic headwinds Costco delivered a strong set of results for the quarter, despite the headwinds of higher payroll taxes and ...