All Australia articles – Page 12
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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 achieved solid ...
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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 small stores, ...
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AnalysisAldi 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.
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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 business ...
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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 pillars,” ...
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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 (£1.02bn), while ...
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Woolworths and Lowe’s win final approval to jointly set up hardware stores in Australia
Woolworths and Lowe’s, the US’s second largest home improvement chain, have won final approval to jointly set up big hardware stores in Australia, acquiring domestic hardware wholesaler Danks Holdings to act as their supplier.The Australian Competition and Consumer Commission said it allowed the takeover to go ahead after Woolworths and ...
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News
Coles posts better than expected results
Coles posted better than expected results for its first quarter to September 27, thanks to rising food and alcohol sales.The grocer’s food and alcohol sales rose 7.3% compared with the same period a year earlier, and were up 6.1% on a same-store basis. Fuel and convenience sales climbed 6.5% and ...
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News
Aldi records £39m profit in Australia
Aldi’s discount store network in Australia delivered a profit of AUD72.6m (£39.19m) last year, on total Australian sales of AUD1.85bn (£998.6m).Aldi, which entered Australia in January 2001 and recently opened its 200th store there, has been profitable for the past three years. ”We have strong expansion plans for Australia ...
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AnalysisLowe’s curtails expansion as it braces for tough 2010
DIY retailer Lowe’s has followed in the footsteps of rival Home Depot by scaling back its expansion plans.