AUS: H1 sales up at retail giant Coles
Coles, Australia's second-largest food retailer, has reported a near-5% increase in half-year sales.
The company booked a 4.7% rise in revenue for the six months to 30 December. Sales from its food and liquor division were up 5%. Comparable sales from its food and liquor stores increased to 3.8%.
Coles said sales from its convenience stores grew 4%, although revenue from fuel boosted the result. Excluding petrol sales, comparable sales from Coles convenience stores dropped 2.2%.
MD Ian McLeod said Coles had seen increased volumes across the group. "The response to our initiatives has been encouraging, with a record number of customers and almost A$1bn (US$1.04bn) of sales achieved in the week leading up to Christmas. In particular, our customers are increasingly recognising the quality of our fresh food offer," he said.
Click here for the full release.
Coles, Australia's second-largest grocer, has paid fines totalling more than A$60,000 for alleged misleading country-of-origin claims....
The Australian arm of US-based food group Simplot has warned two factories could close, putting around 325 jobs at risk....
- Foodservice focus - all-day breakfast; concept NPD
- Decision on US dietary advice missed opportunity
- How brands are eyeing their own retail presence
- Why Lactalis could move for Dairy Crest
- Retail margin management in spotlight
- PepsiCo, Coca-Cola 'battle for stake in Chobani'
- Arla banned from selling skyr yoghurt in Finland
- Kerry eyes more European markets for Cheestrings
- Raisio revamps UK cereal arm, jobs to go
- Earth's Best infant formula line launched in China
- Global Savory Snacks Market: Merger and Acquisitions August 2015
- Management briefing: just-food’s industry outlook for 2015
- Food and Beverage Coding and Marking Equipment: Market Outlook 2015-2019
- E-Grocery Market in India - Market Research 2015-2019
- Marks & Spencer Plc in Retailing (United Kingdom)