Coles' comeback? Archives - Just Food
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Coles' comeback?

Coles restructures in shadow of Wal-Mart rumours

Poor John Fletcher. The Coles Group chief executive was just about to announce a brave and much needed restructuring when his thunder was stolen by rumours of Wal-Mart preparing to buy its way into Australia.

AUSTRALIA: Wal-Mart reportedly eyeing Oz expansion

AUSTRALIA: Wal-Mart reportedly eyeing Oz expansion

Wal-Mart is reportedly investigating the possibility of expanding into Australia and has sent a team of executives Down Under in the hunt for acquisitions. However, the CEO of Coles has said that, apart from press speculation, he is unaware of any interest the world’s largest retailer may have in either Coles or Woolworths.

AUSTRALIA: Coles ponders Bi-Lo merger

AUSTRALIA: Coles ponders Bi-Lo merger

According to local press reports, the Australian retail combine Coles Myer Ltd. is considering scrapping its budget supermarket brand Bi-Lo and integrating the Bi-Lo stores with its core Coles supermarkets operation.

AUSTRALIA: Coles sale of Myer completed

Coles Myer today (2 June) announced that the sale of the Myer department store business to Newbridge Capital and the Myer family for A$1.4bn (US$1.04bn) has been completed. Coles Myer…

AUSTRALIA: Coles Myer Q3 sales rise

Australia’s largest retailer, Coles Myer, today (23 May) announced third quarter sales of AUD$9.1bn (US$753.94m), an increase of 4.9% for the 13 weeks ended 30 April 2006. Food and liquor…

Coles needs to regain customer focus

Coles may be Australia’s second largest grocer but it is lagging way behind market leader Woolworths in the stock market. Dave Robertson probes a company that needs to ignore the…

Can own-label products help Coles catch up?

In the second part of this week’s focus on the Australian food retail market, David Robertson looks at Woolworths’ main rival, Coles Myer, which accounts for around 16% of all…