Markets/Australia/News

Australia news

28 September 2023
Costco delivered another solid year of sales for fiscal ‘23, despite the ongoing affect of weakened sales in high-ticket discretionary items. Here we explore its performance in more detail and give insight into its 2024 expansion plans and steady digital transition. Fourth quarter and full year key numbers Q4 total revenue up 9.4% to $77.4 bn, with full year revenue up 6.7% to $237.7 bn ...
31 August 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Don’t miss our latest insights Navigating global private label growth: trends in 2023 and beyond: we answer five key questions to help you understand the private label market today and how it will evolve in future. Leading global online retailers in 2027: understand how th...
24 August 2023
Australia is blessed with a strong economy and the latest results from the top two leaders, Woolworths and Coles , confirm shoppers’ spending ability. I visited Australia to see stores for the first time this year and got to all the latest flagship stores in Sydney and Melbourne. Which are the best stores in Australia?  Here are six stores that I recommend, with links to full reports and vi...
23 August 2023
Woolworths’ Group sales is up 5.7% to AUD64,294m and EBIT up 15.8% to AUD3,116m in FY23 for the period ended 25 June 2023. The stellar profit delivery is due to a more stable environment, higher sales and benefits of ongoing investments. According to CEO Brad Banducci, excluding direct COVID costs incurred in the prior year, Group EBIT increased by 3.4%. 1. Australian Food sales increased by 5...
22 August 2023
Coles’ has achieved sales revenue growth of 5.9% to AUD40,483m and EBIT up by 3.8% to AU$3,382m for FY 2023 ending 25 June 2023. The retailer has completed its fourth year of its transformation strategy and has delivered AUD1bn in cumulative benefits as planned. 1. Supermarkets revenue grew 6.1% with LFL sales up 5.8% Sales revenue reached AUD36,746m in FY23, with the second half stronger t...
17 August 2023
Woolworths is trialing new security measures to prevent shoplifting at its supermarkets. Surveillance camera and gates The new security measure uses rooftop sensors to track customers as they leave self-checkout counters. If the sensors identify a shopper who has pretended to pay or is attempting to walk straight out, the gates will stay closed. It is an additional measure to reduce stock l...
11 July 2023
We round up key updates from leading retailers in Australia. Health: Woolworths removes children's snacks from check out Woolworths research shows that almost a third of customers mostly or always use government ratings Health Star Rating (HSR) to choose between different food products. By offering options that display HSRs, Woolworths aims to make healthier choices easier. Kids confectione...
11 July 2023
Patrick Noone, Managing Director of Costco Warehouse Australia, reveals that the retailer would be opening an additional 20 Costco stores across the country in the next five years.  Expansion plans across the country Costco is set to expand its locations nationwide rapidly, ensuring there will be at least one store in each state or territory, with the exception of the Northern Territory. Th...
07 July 2023
Budget-friendly meals for as low as AUD1.99 (US$1.30) to help fight inflation. Winter warmers For a limited time only, Urban Eats Pho Bowls will be sold for AUD1.99. These Vietnamese noodles are available in chicken and vegetable flavours. New products suitable for the whole family include Urban Eats Chicken Dim Sim 1.5kg and classic World Kitchen Sweet & Sour Chicken 800g. ALDI Shopping...
04 July 2023
As inflation’s impact on grocery retail continues, we’ve published the second report in a quarterly series of how retailers are responding to the cost-of-living crisis. The new edition provides inspiration from around 50 retailers in 20 markets and in this article, we’ve picked out some of our favourite initiatives from around the world.   Price: Amazon UK offer simple value taxonom...