Australia news

07 May 2020
Coles has opened its third Coles Local urban supermarket and most sustainable store yet on Glenferrie Road in Hawthorn, Melbourne. Targeting students and millenial shoppers Carrying on the work and learnings from the first two Coles Local stores in Surrey Hills and St Kilda, the store is tailored to the local catchment, with a curated product range and products from 80 speciality local grow...
30 April 2020
Woolworths has released Q3 results for the 13 weeks to 5 April 2020, with sales up 10.7% to AU$16,495m (US$10,797m) and positive growth across all continuing operations. Despite a slow start, the coronavirus pandemic drove a surge in grocery demand and boosted its sales for Q3. Australian Food up 11.3% to AU$11,171m (US$7,312m) Like-for-like (LFL) sales increased 10.3%, benefiting from pant...
29 April 2020
Coles has released its Q3 results (12 weeks from 6 January to 29 March 2020), with revenue increased by 12.9% YoY to AU$9.2 bn (US$6.0 bn). The growth was mainly driven by unprecedented demand for groceries amid the COVID-19 outbreak. Supermarkets sales up by 13.8% to AU$8.2bn (US$5.3bn) Supermarkets performed strongly in January and February prior to the impact of COVID and achieved an inc...
22 April 2020
Woolworths has doubled its capacity for online grocery deliveries in response to the Coronavirus (COVID-19) outbreak. Preparing for lasting increases to online sales An additional 5,000 third-party couriers will join Woolworths' 800 delivery trucks to deliver online orders to homes. This will enable the retailer to offer more delivery windows from the end of this week. A new temporary 7,000...
21 April 2020
Couche-Tard has withdrawn its bid for Caltex, an Australian-based convenience and fuel business, citing the uncertainty in the global outlook due to the coronavirus pandemic. Caltex acquisition Couche-Tard made an initial bid for Caltex last November as part of its focus on developing its Asia-Pacific presence. In mid-February, it made a revised bid for the company and although a competing ...
25 March 2020
Woolworths Australia has announced that it is to delay the demerger of its Endeavour Drinks business until 2021. Uncertainty puts demarger on hold The business was meant to be demerged in-mid 2020. However, with financial markets struggling and the business being forced to close all hotels in the wake of forced shutdown due to Coronavirus, CEO Brad Banducci has been left with no option but ...
18 March 2020
Amazon in Australia has filed revenues of AU$562m for 2019, an increase of 92.4% of the previous year, however it still hasn't made a profit. Revenue up AU$270m Having entered Australia in December 2017, the huge growth builds on the AU$292m of revenue it reported in 2018, with Amazon Prime membership one of the major contributors to the increase. Prime membership grew from AU$4.3m in 2018 ...
16 March 2020
Global fuel forecourt operator, EG Group has made two more acquisitions adding further foodservice and food retailing assets to its extensive portfolio of gas stations.  These latest purchases are of The Herbert Group in the UK, the country's largest single franchise operators of the KFC brand, and of Oliver's Real Food in Australia a leading innovator in fresh and healthy food-to-go. Herbert ...
11 March 2020
Aldi Australia has opened its first new store in South Australia this year and has plans for a further five. Almost 40 SA stores by end of 2020... Aldi opened its first stores in the state at the start of 2016 and with the new opening now has 34 up and running. Further expansion will take the network to 39 by the close of the year. Aldi originally announced that it believed there was capaci...
05 March 2020
Woolworths and Terracyle's Loop are working to bring on board both suppliers and customers to test the new solution in a trial that will kick off in June 2021. Woolworths exclusivity for first year Woolworths and Terracyle announced their new partnership last year, which will give the retailer exclusivity to Loop's reusable product packaging for its first year of operation in the market. To...