Ian McLeod, the Managing Director of Coles, is craving faster progress but has maintained that the supermarket chain is on track in their five-year turnaround. “I always would like to be progressing...

Kraft Foods has announced a first quarter profit increase of 10 per cent as inventory reductions at grocers stagnate and consumers increase demand for cheap, convenient food. Organic net revenue growth...

South African based supermarket group Pick ‘n Pay has reported a significant turnaround in the operations at their Australian chain – Franklins. The grocer, which operates over 80 stores throughout...

Coles boss Ian McLeod has today informed analysts of the rapid change taking place at Coles but remained cautious about the future despite announcing third quarter sales growth of 6 per cent – well...

The Coles turnaround continues to gather momentum, with their third quarter food and liquor sales up 7.6% to $5.3b. After an adjustment for the late Easter third quarter sales rose by 8.3%, with comparable...

Woolworths Chief Executive Michael Luscombe, fresh from announcing another strong sales result, has suggested that a change in the trading terms offered to suppliers of Coles could hurt their rival. Coles...

Sara Lee Corporation, famous for its Moccona and Sara Lee brands, is contemplating the sale of their International Household & Body Care business after receiving expressions of interest. They advised...

Coles’ five-year turnaround may not be as difficult as some have suggested, according to Craig Woolford – a retail analyst for Citi Investment Research; with sales potentially receiving a $1.3...

Sara Lee’s multi-year transformation is on track and beginning to reap dividends, Brenda Barnes, Chairman and Chief Executive Officer of Sara Lee, has told analysts at the CAGNY conference in Florida. “Sara...

Kraft Foods is bullish about the position it has worked itself into with just one year remaining in its turnaround program and is set to launch a new brand identity to signify the change in their focus. “We’re...