Caltex powers on without Woolies, new convenience strategy
Caltex petrol says while it is disappointed with the likely end of its fuel-alliance with Woolworths it is looking to other avenues for profit.
This will include its retail network with the petrol giant currently experimenting with its own convenience store format.
In its 2016 full year results announced today, Caltex said it is looking to refresh its convenience retail presence, starting with its already operational test store, “The Foodary” located in Sydney.
The first Foodary store has a “new look and feel”, grab and go options, barista coffee, parcel pick up, laundry services, pre-ordering through apps and pre-pay pump screens.
Caltex is venturing into its new convenience format after posting a ‘historic cost result after tax’ of AUD $610 million for its 2016 financial year.
By comparison, Caltex’s 2015 full year profit was $522 million.
Caltex is still providing petrol to Woolworths whilst regulatory authorities decide whether it will approve of the sale of Woolworths petrol stores to BP.
- What the sale of Woolworths Petrol will mean for Australia’s convenience and food industries
- Woolworthspetrol stations could be the start of something big
- Caltex confirms offer to acquire WoolworthsPetrol business
British beverage giant, Diageo, has acquired George Clooney’s tequila range, Casamigos.
A Frucor Suntory advertising campaign has made it into the Advertising Standards’ most complained ab...
Synlait has received registration that will allow the company to continue to export A2 Milk Company ...
China has lifted a three-month ban on beef imports processed by a group of Australian abattoirs.
The A2 Milk Company and Lion Diary and Drinks have reached a settlement regarding a dispute over the...
New Zealand’s Foodstuffs supermarket group is testing out new artificial technology that brings the ...
IN the name of science, and a longer shelf life, a group of brave volunteers are contributing to a r...
MANUFACTURING of alternative protein foods have been recognised at an international awards event tha...