All Australia articles – Page 10

  • News

    Woolworths profit to rise between 8% and 11% in 2011

    2010-11-25T10:38:00Z

    At its AGM, Woolworths chief executive Michael Luscombe said the company had experienced an extraordinary couple of years and profit would remain on course to rise between 8% and 11% in the 2011 financial year. Luscombe spoke of how Woolworths was preparing for its entry into the home improvement ...

  • News

    Woolworths to open 10 big-box home improvement stores in Victoria

    2010-11-04T00:00:00Z

    Woolworths is to open 10 big-box home improvement stores over the next 12 months in Victoria in a bid to expand its DIY store presence. Nine of the stores will open in the Greater Melbourne area. The chain has become involved in the hardware retailing business through a joint ...

  • News

    Woolworths Q1 sales increase 4% to £8.4bn

    2010-10-28T12:38:00Z

    Woolworths reported a 4% rise in first-quarter sales to Aus$13.91bn (£8.4 bn). Sales at the company’s food and liquor division in Australia for the quarter increased by 3.2% to Aus$9.29bn (£5.6bn), as like-for-like sales rose 2%. Woolworths’ New Zealand supermarkets sales had an even stronger increase of Aus$1.07bn (£642m) ...

  • News

    Coles Group Q1 sales increase 4.9% to £4.5bn

    2010-10-28T12:35:00Z

    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 ...

  • News

    Costco to invest £23m in its Australian business

    2010-09-30T00:00:00Z

    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 ...

  • Kmart Eastland, Melbourne, Australia
    Photo gallery

    Kmart Eastland, Melbourne, Australia

    2010-09-24T00:00:00Z

    Mass merchandising of the kind generally found in edge-of-town locations has managed, over the years, to get itself something of a bad name for cavernous, lacklustre interiors.

  • Natalie Berg
    Analysis

    International grocers are catching on to app fever

    September 24, 2010

    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.

  • News

    Aldi increases Austalian profits

    2010-09-14T17:17:00Z

    Australia

  • News

    Costco to expand into five Australian cities

    2010-08-05T00:00:00Z

    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, ...

  • News

    Australian Woolworths full-year sales up 4.2%

    2010-07-28T11:02:00Z

    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 ...

  • News

    7-Eleven Australia set to acquire Exxon Mobil petrol stations

    2010-07-28T11:01:00Z

    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 ...

  • Victor_Churchill1.jpg
    Photo gallery

    Victor Churchill, Sydney

    2010-07-23T00:00:00Z

    A retail theme park for meat might perhaps be the best, and indeed the only, description that could be applied to this store in Sydney.

  • robert_gregory_cutout.jpg
    Analysis

    Pick n Pay’s Australian exit helps Metcash play catch up

    July 23, 2010

    Australia already has one of the most concentrated grocery retail markets in the world. It is dominated by two giants: Woolworths and the Wesfarmers-owned Coles Group, which together control more than 60% of the market. Metcash trails some way behind in third place, but this underdog position may be proving ...

  • News

    Inditex plans to move into Australia

    2010-07-21T13:05:00Z

    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 ...

  • News

    Metcash chairman to retire

    2010-07-14T17:42:00Z

    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 ...

  • News

    Clive Peeters takeover officially completed

    2010-07-14T17:40:00Z

    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 ...

  • News

    Australia’s Metcash acquires Franklins chain

    2010-07-07T16:03:00Z

    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 ...

  • News

    Harvey Norman acquires rival Clive Peeters

    2010-07-07T16:01:00Z

    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 ...

  • News

    Petbarn acquires Australian Pets At Home stores

    2010-06-10T12:40:00Z

    Pet care specialist Petbarn has acquired all three Pets At Home stores in Australia and converted them to the Petbarn banner. The franchised units in Victoria are understood to have been converted in the past couple of months following the deal, which took place in February. Petbarn is one ...