Tag: Coles

Coles to spin off from Wesfarmers under new leadership

Wesfarmers today announced its intention to demerge its Coles division, which is set to be led by current Metcash CEO of Supermarkets and Convenience, Steven Cain, later this year. The proposed demerger would...

Fuel volumes hit Coles’ half-year results

Coles Express reported revenue of $2,922 million for the first half, 8.1 per cent lower than the prior corresponding period due to lower fuel volumes. According to (parent company) Wesfarmers’ half-year report, the...

Allen’s brings back Green Frogs

Fans of Allen’s Green Frogs are set for a treat as the lollies make a return into stores this month. This time, though, Allen’s is bringing the whole Frog Family with them. According...

Coles to reduce payment times to small business

The retailer has announced that from July 1, it will reduce payment times to within 14 days for businesses with a turnover of up to $1 million. Australian Small Business and Family Enterprise...

Coles earnings slip

Earnings before interest and tax (EBIT) at Coles fell 2.6 per cent to $920 million for the half-year ended December 31, 2016. Excluding the gains on the sale of Coles’ interest in a...

New Coles Express boss named

Coles has unveiled a number of management changes aimed at boosting the performance of the supermarket chain. As part of the changes, Coles Express leadership has shifted from Simon Dowell to Alister Jordan....

Woolworths leads in loyalty

More than 71 per cent of the Australian population are members of at least one store loyalty program and Woolworths Rewards is the most popular, according to Roy Morgan Research. Woolworths Rewards (formerly...

Coles announces positive results and plans for SKU reductions

Coles’ earnings increased 4.3 per cent to $1,860 million for the full year, with revenue growth of 2.7 per cent. Wesfarmers Managing Director Richard Goyder says the continued momentum in Coles’ food and...
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