Steven Cain, the former CEO of Coles, has revealed his appreciation for the supermarket giant’s home brand products. During his five-year tenure, Cain worked on a long-term strategy to boost Coles’ private label offerings, which has resulted in the launch of 227 new own brands in the March quarter and a sales jump of 11.4% […]
Steven Cain, Coles CEO Who Led through Crisis and Boosted Own-Brand Products Read More »
Aldi has been experiencing significant sales growth in recent times. According to reports, during a particular quarter, Aldi recorded a year-on-year sales growth of 13.2%, which is an impressive feat for any retail business. In comparison, Coles, another major supermarket chain in Australia, only recorded a 3.9% increase in sales revenue, amounting to $20.8bn in
Aldi Dominates with 13.2% Year-on-Year Sales Growth Read More »
Coles’ recent $105 million deal with Saputo highlights the growing power of major supermarkets in consolidating supply chains at the expense of middleman processors. The deal involves the acquisition of processing plants that were part of Murray Goulburn’s failed attempt to enter the market for drinking milk. Saputo wanted to sell these assets as part
Coles’ $105m milk deal shows supermarket supply chain power Read More »
Australia’s dairy industry is in need of a new champion, but instead has turned to supermarket giant Coles to fill the void. The four major dairy companies – Fonterra, Saputo, Lactalis and Bega – are either retreating, considering retreat or moving up the value chain, leaving few if any potential buyers. Coles has taken control
Coles Takes the Reins in Australian Dairy Industry Read More »
Metcash, one of Australia’s leading wholesale distribution and marketing companies, has undergone a change in leadership, with Grant Ramage appointed as the new chief executive of their supermarket division. As he oversees as many as 1600 independent supermarkets across the country, Ramage has noticed a shift in consumer behaviour since the start of the year,
Metcash Boss: Consumers Shifting to Private Label and Frozen Foods Read More »
In February, the average prices of food items at Coles and Woolworths supermarkets in Australia saw a slight decrease, with the prices of fresh produce dropping faster than packaged goods, according to the latest UBS grocery price tracker. The research tracks over 60,000 prices across both grocery chains monthly, and it found that average food
Food prices at supermarkets slightly decreased in February Read More »
Coles has acknowledged at a recent forum that its customers are feeling the impact of rising interest rates and cost-of-living expenses, leading them to seek out sales and promotions to help stretch their household budgets. Coles executives told its food and grocery suppliers that customer trust on the issue of value was becoming more crucial,
Coles customers turn to value offers & private label groceries amid rising costs Read More »
Scott’s Refrigerated Logistics, one of Australia’s largest trucking companies, has gone into receivership, putting 1,500 jobs at risk and jeopardising the delivery of food supplies to major supermarkets, including Woolworths, Coles, IGA and Aldi. The company has engaged in high-level talks with grocery executives about its collapse. Its trucks will keep delivering food to supermarkets
Supermarkets at Risk as Scott’s Refrigerated Logistics Enters Receivership Read More »
Questions have been raised regarding the promotion of a soft plastic recycling program by Coles and Woolworths, despite its collapse last year. Both retailers still inform customers through plastic packaging for various products that they can return soft plastics to stores for recycling. However, a recent photo uploaded by a shopper on social media shows
Coles and Woolworths criticised for promoting defunct recycling program Read More »
Coles’ development arm has achieved a new record in Queensland with the sale of its Toowoomba supermarket and liquor outlet for $27.4m. This sale to a Victorian private investor sets a fresh benchmark in price for non-metro supermarket sales in the state, and provides further evidence that small malls and retail properties are retaining their
Coles sets $27.4m record with Toowoomba supermarket sale Read More »
Leah Weckert, a former McKinsey consultant and Foster’s beer executive, has been appointed as the new CEO of Coles, Australia’s second-largest supermarket chain. Weckert will be the first woman to lead Coles in its 109-year history, and her appointment raises the number of women leading top-20 ASX companies to five. She will take over from
Leah Weckert Becomes Coles’ First Female CEO in its 109-Year History Read More »
Key points: Woolworths will phase out plastic bags from its stores in Queensland and the ACT The supermarket chain says customers can still buy alternatives made from paper and fabric, or chill bags Coles is introducing compostable produce bags after an attempt to remove plastic bags proved “challenging” Woolworths has announced it is doing away
Supermarket giants Woolworths and Coles changing up plastic bag policies Read More »
Coles and Woolworths have a lot to answer for given their trumpeting of their leadership with the soft plastic recycling scheme, encouraging us all for years to return bags to their stores (“$3.5m bill to dump plastics in landfill”, February 4). It beggars belief that they had no knowledge of this disaster with REDcycle, that
Supermarket giants in immense failure Read More »
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