Australian retailer Coles Myer has outlined aggressive expansion plans for its discount supermarket chain Bi-Lo
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
A number of sites have already been identified in eastern Australia, where most of the expansion is set to take place. Indeed, Townsville’s first Bi-Lo store is already under construction at North Ward.
“Bi-Lo continues to have a very aggressive growth strategy and has already identified a large number of sites we want as part of the business,” the company said. “These sites will mostly be on the eastern seaboard of Australia where Bi-Lo can take advantage of the larger population and the current size of the Bi-Lo network.”
Coles Myer is looking to open as many as 35 new supermarkets per year under both its Coles and Bi Lo brands.
Meanwhile, all of the company’s WA-based Newmart discount supermarkets will transfer to Coles supermarkets management. Coles Myer operates 62 supermarkets in western Australia, where the 18 Newmart Supermarkets will be transferred from the Bi-Lo operation to the Coles Supermarkets administration. The discount brand, Newmart, will continue to be operated, although some re-badging of stores may occur, the company said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
