All Australia articles – Page 12

  • 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 ...

  • News

    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 ...

  • 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% ...

  • 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 ...

  • lowes 16x9

    Lowe’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.