Wesfarmers has announced earnings before interest and tax (EBIT) of $3,658 for 2013, up 3.1 per cent on the previous year. The Company said the results reflected strong earnings growth from supermarket...
Australian customers, communities and the economy have benefited from supermarket group Coles’ “investment in lower prices”, according to Coles Managing Director, Ian McLeod.
At the same time, Coles...
The third quarter sales results of Wesfarmers Limited (Wesfarmers) showed its subsidiary Coles put in a strong sales performance for the three months to 31 march 2013.
Coles’ headline food and liquor...
Coles has performed well in the first half of the financial year according to the report by holding group Wesfarmers of the 2013 second quarter results released yesterday.
For the quarter, Coles’ sales...
Wesfarmers-owned Coles supermarket group is entering the craft beer market with the launch of its own Steamrail Brewing Co brand.
This is the first big move by Coles into a house-brand for a new alcoholic...
The two major Australian supermarket groups, Woolworths and Coles, have been listed as the 17th and 18th largest retailers respectively by global consulting group Deloitte in its recent “Global Powers...
Wesfarmers chief executive Richard Goyder has acknowledged strong retail turnarounds in Coles, Kmart and Target during the annual general meeting held yesterday.
Mr Goyder said that it was “important...
Wesfarmers Limited today announced its retail sales results for the first quarter of the 2013 financial year, with Coles’ comparable food and liquor sales up 3.7 per cent for the quarter. Coles overall...
Coles managing director Ian McLeod has become vocal in the media circuit by responding quickly to criticisms of Coles by politicians, farmer and supplier groups, and newspaper commentators.
Recent media...
Wesfarmers will potentially spin off around 25 of its Coles Supermarket properties by the end of 2012, valued at around $700 Million.
It has been reported that Wesfarmers has enlisted investment banks...
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