ALDI’s third Corner store in Australia is on Swanson St, one of the main streets in Melbourne's central business district, after the first two stores opened in Sydney. Convenience at the centre The new store opened on Thursday, 8 September, with cups of coffee on offer to entice shoppers. Grocery and fresh produce are still the core offering, but it is supplemented by an artisan bakery, a g...

Woolworths released full year results with sales up 9.2% to AU$60,849m and EBIT down 2.7% to AU$2,690m. Excluding new businesses PFD and Quantium, the sales growth was 5.1%. We review the results and share five key learnings. 1. Australian Food sales momentum builds against backdrop of rising shelf prices   After an operationally challenging first half, Australian Food sales were AU$45,461m...

Coles has released FY22 results with sales revenue up 2.0% to AU$39,369m and EBIT down by 0.2% to AU$1,869m. The retailer has completed its third year of its transformation strategy and is already benefiting from the strong ecommerce performance. We share the key takeaways and what to expect next. 1. Solid sales revenue, but profits hampered by higher costs The positive sales revenue was de...