In announcing its second quarter retail sales results for the 2012 financial year today, Wesfarmers has expressed pleasure with the continuing strong growth of its subsidiary Coles. Coles is one of Australia’s two major supermarket groups. Coles’ first half-year’s sales this financial year were $13.6 billion, a 4.9 percent increase on the previous year. Wesfarmers’ managing director, David Goyder said, “Given a relatively tough retail environment and widespread deflation, I am pleased... ...Read more »

One of Australia’s largest retailers, Wesfarmers Limited today announced sales from its Coles business have increased by 8 per cent to A$8.09bn for the first quarter of 2012 financial year (from 27 June 2011 to 25 September 2011). According to Wesfarmers’ report, Coles’ food and liquor store sales grew by 5.2 per cent in the first quarter. However, the supermarket chain experienced food and liquor price deflation of 1.8 per cent during the quarter. Wesfarmers stated that this was due to... ...Read more »

Coles food and liquor sales grew 6.3 per cent in the financial year, ended 30 June 2011, up from 5.0 per cent for the 2010 financial year, Wesfarmers Limited has announced today. Wesfarmers, the publicly-listed parent company that owns Coles, Bunnings, Target and Kmart, announced an overall ‘solid’ retail performance, especially given the backdrop of declining consumer confidence, significant price deflation and the adverse weather conditions experienced during the past twelve months. Coles... ...Read more »

Australia’s second-largest independent supermarket group, Foodworks, has appointed a new CEO to replace Peter Noble, architect of the company’s disastrous attempt to acquire 45 struggling Coles supermarkets. Rick Wright has now been acting CEO at Foodworks for a number of months, and was previously the company’s chief operating officer. “Rick has a strong background in finance, franchising and strategy management, which is perfect for our business model. His strong engagement... ...Read more »

Coles has entered the national car insurance market, launching a new, flexible and great value product with added benefits and savings for customers, backed by the strength of Wesfarmers Insurance. As well as providing quality insurance and peace of mind, Coles Car Insurance lets customers triple their standard four cent Coles fuel discount receipt once every month for a year. Coles Car Insurance will be available both online and through a dedicated call centre. In addition to the fuel discount,... ...Read more »

Coles retail sales growth in the fourth quarter has once more topped Woolworths. Total Coles’ food and liquor sales for the fourth quarter were $5.9 billion, up 4.2 per cent, with comparable food and liquor store sales growth of 4.2 per cent. Total Coles’ food and liquor sales for the financial year were $23.6 billion, up 5.6 per cent on the prior corresponding period, with comparable food and liquor store sales growth of 5.0 per cent. Coles Managing Director, Ian McLeod, said a positive... ...Read more »

Wesfarmers today announced their retail sales results for 2010′s third quarter, with ‘solid’ sales growth in the Coles division. Coles’ total food and liquor sales cam in at $5.465, up 3.9% on the same time last year, with comparable food and liquor store sales growth of 3.8%.  Sales for the financial year to date were $17.684 billion, up 6.1% from last year, with comparable food and liquor store sales growth of 5.3%. The convenience arm of the business, Coles Express, reported... ...Read more »

Wesfarmers yesterday (18 February) posted a sluggish profits gain, boosted by the performance of its Coles supermarket business.The coal-to-groceries conglomerate said that profits in the first six months of the year edged up 1% to A$879m. Sales for the period, ended 31 December, increased to A$26.53bn, up from A$26.36 last year. Wesfarmers said that its Coles supermarket unit had booked a strong sales performance. Revenue from its Coles supermarket business was A$15.16bn, compared to A$14.62bn for... ...Read more »

Australia’s second largest supermarket group Coles has posted a strong increase in first half sales as its turnaround efforts continue to pay off. Coles supermarket business booked revenues of A$15.16bn in the six months to 31 December, up 3.7% compared to A$14.62bn for the half-year of last year. Speaking during a conference call with analysts, Wesfarmers chief executive Richard Goyder said that the turnaround at Coles was “on track”. Detailing the supermarket operator’s... ...Read more »

Australia’s two largest supermarket operators, Woolworths and Wesfarmers, have been listed in the world’s top 30 retail companies, according to the Deloitte Global Powers of Retailing 2010 report. The report, which identifies the 250 largest retailers by revenue for the fiscal year 2008 (encompasses fiscal years ended through June 2009), lists Woolworths in 26th position and Wesfarmers in 28th position. The two ASX-listed giants get the bulk of their revenue from supermarkets although... ...Read more »