Australasia – Page 6
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News
Coles Group Q1 sales increase 4.9% to £4.5bn
Coles Group posted a rise of 4.9% in sales to Aus$7.49bn (£4.5bn) for its first quarter ended September 26. The retailer’s strong performance was attributed to lower prices and last year’s revamping of its fresh food areas. Growth rates at the chain proved to be outpacing larger rival Woolworths as ...
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News
Costco to invest £23m in its Australian business
US-based warehouse club operator Costco is investing Aus$40m (£23m) in its Australian business this year. The investment comes on top of last year’s Aus$100m (£58m) capital expenditure in the country, when it opened its first store in Melbourne. A second store is due to open in Auburn and another is ...
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AnalysisInternational grocers are catching on to app fever
After successful launches by the UK’s Ocado and Tesco, international grocers from Germany to Australia are now looking to capitalise on the trend towards mobile shopping.
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Costco to expand into five Australian cities
US-based club-store operator Costco intends to expand into five Australian cities, but is having trouble finding sites large enough.Patrick Noone, Costco’s Australian country manager, said: “We are looking for sites in Melbourne, Sydney, Brisbane, Adelaide and Canberra.”Sales at Costco’s first outlet in Australia, opened nearly a year ago, have exceeded ...
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News
Australian Woolworths full-year sales up 4.2%
For the year ending June 27, Woolworths reported sales up 4.2% to Aus$51.7bn (£30bn). Like-for-like sales from domestic grocery outlets gained 3.3%. Food and alcohol sales for the year showed strong growth to Aus$34.68 bn (£20bn), an increase of 5.1% from the previous year.In its fourth quarter, food and alcohol ...
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News
7-Eleven Australia set to acquire Exxon Mobil petrol stations
Seven & I-owned 7-Eleven in Australia has confirmed it has been given permission to acquire all 295 petrol stations belonging to Exxon Mobil in the country. The Australian Competition and Consumer Commission did not oppose the acquisition on the condition 7-Eleven divested three sites, one in New South Wales and ...
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News
Inditex plans to move into Australia
Inditex has announced plans to move into Australia next year as the retailer pushes ahead with its aggressive international expansion.The decision to enter the new market was announced at the company’s annual general meeting at its headquarters in Arteixo, in Galicia.Of the 343 new stores that Inditex opened last year, ...
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News
Metcash chairman to retire
Metcash has announced that chairman Carlos dos Santos will retire following the company’s AGM in September. Dos Santos said it had been a “privilege’” to be with the grocery and liquor wholesaler through its success over the past 12 years.Metcash recently acquired Pick n Pay’s chain of Franklin stores in ...
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News
Clive Peeters takeover officially completed
Electricals retailer Harvey Norman’s takeover of Clive Peeters was officially completed on July 8. It purchased 32 of the 38 Clive Peeters and Rick Hart stores and confirmed that staff from the New South Wales stores earmarked for closure would be interviewed for potential employment elsewhere in its network. It ...
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News
Australia’s Metcash acquires Franklins chain
Grocer Metcash has agreed to acquire the 85-strong Franklins supermarket chain in New South Wales from South Africa-based Pick n Pay for about Aus$215m (£119m).Following the acquisition, Metcash is planning to sell the stores on to the independent IGA retailers, which it supplies as a wholesaler, with the potential ...
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News
Harvey Norman acquires rival Clive Peeters
Electricals retailer Harvey Norman has announced that it has bought competitor Clive Peeters following its entry into voluntary administration after a difficult trading period.The company paid A$55m (£30.4m) for the 38 operating Clive Peeters and Rick Hart shops.The deal is expected to add between Aus$300 and Aus$400m (£166.1 and £221.5m) ...
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News
7-Eleven Australia to acquire Exxon Mobil petrol stations
7-Eleven Australia has confirmed it is to acquire all 295 petrol stations belonging to Exxon Mobil in the country.The deal comes after Exxon Mobil’s agreement to sell the petrol stations to Caltex Australia was blocked by antitrust regulators on competition grounds. The deal will see the number of 7-Eleven stores ...
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News
Woolworths aquires hardware businesses
Woolworths has acquired Gunns Retail Division in Tasmania and, in a separate arrangement, the Becks Timber & Hardware business.The Gunns acquisition includes five hardware stores in Tasmania, one timber joinery centre, one truss manufacturing plant and a support office.The move is part of the joint venture between Woolworths and US ...
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News
Big W launches online
Woolworths’ discount department store, Big W, has launched an online store, allowing web-based shoppers access to more than 4,000 items from its range, including 600 items that are not available in-store.
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News
Wesfarmers sales up 4.9%
Sales at Wesfarmers’ grocery arm Coles rose 4.9% to Aus$6.91bn (£3.5bn) in the quarter to March 28. Meanwhile, its home improvement operations experienced a 7.9% jump in sales to Aus$1.54bn (£771m), while sales from its office supplies division rose 7.7% to Aus$390m (£195m).Sales at Coles’ department store chains Target and ...
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News
Coles offers online groceries to Northern Territory
Coles has become the first major grocery retailer in Australia to introduce an online shopping service to the Northern Territory with the launch of Coles.com.au to residents in Darwin and the Top End, Retail World reported. Separately, rival Woolworths will introduce its online shopping service into Western Australia for the ...