All Australia articles – Page 11

  • 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 ...

  • 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 ...

  • 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 ...

  • 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 ...

  • 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 ...

  • News

    Petbarn acquires Australian Pets At Home stores


    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 ...

  • 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 ...

  • 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 ...

  • 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.

  • 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 ...

  • 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 to residents in Darwin and the Top End, Retail World reported. Separately, rival Woolworths will introduce its online shopping service into Western Australia for ...

  • News

    Harvey Norman profits up


    Non-food retailer Harvey Norman reported that net profit in the six months to December 31 rose to Aus$158.9m (£95.4m) from Aus$99.3m (£59.6m) the year before. Profit from continuing operations soared 47% to Aus$237.8m (£142.7m). Consumer electronics performed strongly, despite the unwinding of one-off government stimulus cheques paid to consumers at ...

  • News

    Woolworths H1 profits up


    Woolworths posted an 11.4% increase in first-half net profit to Aus$1.09bn (£654.2m). The Australian retailer is planning an Aus$400m (£240.1m) share buyback, which it described as a modest start to capital management, now that the worst of the economic turmoil has passed. Woolworths forecast sales growth in the upper single ...

  • News

    Wesfarmers post strong supermarket sales growth


    Wesfarmers, the owner of Coles Group, has reported a flat first-half net profit, with strong sales growth at its supermarkets. Like-for-like sales climbed 6% at the Coles Group division, with earnings soaring 22.6%. The retailer said that increasing customer numbers continued to drive growth. The group’s DIY arm Bunnings delivered ...

  • News

    Woolworths Australian sales up


    Woolworths reported Aus$27.2bn (£15.17bn) sales for its first half ended January 3, a 6% increase (excluding petrol sales) on the same period last year. The company said its Australian food and liquor sales for the period were Aus$18.1bn (£10.1bn), a 6.8% increase. Woolworths chief executive Michael Luscombe said supermarkets ...

  • News

    Australian law modification


    Australian Competition Minister Craig Emerson has unveiled planned changes to the Trade Practices Act to increase the Australian Competition and Consumer Commission’s powers to stop small-scale acquisitions. The changes are part of a long-standing election promise that appears aimed at Woolworths , which in recent years has been aggressively acquiring ...

  • Aldi

    Aldi could shake up the New Zealand food market


    There’s been some interesting speculation that Aldi - which has really made waves in Australia - is actively looking to enter the grocery sector in New Zealand, registering myriad trademarks and also dispatching staff to scope out potential sites.

  • News

    Marty Hamnett to retire


    Marty Hamnett, general manager of supermarket operations at Australian outfit Woolworths, is to retire at the end of the financial year after 40 years with the retail giant. Formerly general manager of the company’s Big W general merchandise division, Hamnett led the integration of Progressive Enterprise, the New Zealand supermarket ...

  • News

    Metcash posts a 36.5% rise in first-half profit


    Grocery wholesaler Metcash posted a 36.5% rise in first-half profit, with chief executive Andrew Rietzer describing its grocery alliance business IGA as a “powerhouse” that is performing well against the competition. “The trading environment is strong. However, low price inflation continues to hamper trading opportunities across all of our business ...

  • News

    Harvey Norman posts a 40% increase in pre-tax profit for the first half


    Electricals retailer Harvey Norman posted a 40% increase in pre-tax profit for the first half. Current trading is being driven by strong franchise store sales growth and increased confidence among consumers as the impact of the global financial crisis begins to ebb. Sales for the period jumped 7.7% to AUS$1.93bn ...