August
- Opinion
- Chanticleer
How Coles stopped the thieves and beat the petty politics of profits
Populist politicians will probably claim Coles is price gouging. But its results tell a more nuanced story that’s resonating with investors, if not voters.
- James Thomson
Coles boss banks on efficiency gains from new warehouse
Leah Weckert says better product availability will translate to higher sales following the opening of a major distribution centre in western Sydney.
- Carrie LaFrenz
April
Coles wants suppliers’ help in cutting prices as shoppers seek deals
The supermarket chain’s sales rose 5.1 per cent in the third quarter but liquor sales fell as consumers cut spending by looking for cheaper alcohol options.
- Carrie LaFrenz
Balance sheet quirks skew supermarket returns measures: MST Marquee
The concept became a political football this week after it was used by Greens senator Nick McKim to accuse Woolworths and Coles of “making off like bandits”.
- Tom Richardson
- Opinion
- Chanticleer
After Woolies brawls, Coles busts supermarket profit myths
Political theatre and business bashing won’t deliver a magic bullet for bringing down grocery prices - because there isn’t one.
- Updated
- James Thomson
March
- Opinion
- Chanticleer
Why Coles will put some cost-of-living heat back on suppliers
Leah Weckert says Coles worked with suppliers when their costs were soaring. Now inflation is coming down, the conversation needs to change.
- James Thomson
Bringing prices down a ‘joint effort’ with suppliers: Coles CEO
Chief executive Leah Weckert defended the retailer’s profitability, while also saying the Australian market is hugely competitive.
- Carrie LaFrenz
February
Men dominate top pay quartiles at biggest companies
Men were far more likely to earn more than women the further up in organisations they moved, new data shows.
- Hannah Wootton and Cindy Yin
- Updated
- Earnings season
Coles closes in on Woolies over sales, costs
The supermarket chain’s CEO, Leah Weckert, says competition is “very robust” as the retailing giants face intense political scrutiny over rising prices.
- Updated
- Carrie LaFrenz
January
Coles names new arbiter as Jeff Kennett resigns from post
As renewed scrutiny comes to the grocery sector, Coles has appointed experienced lawyer Jenny Linsten to the role dealing with supplier disputes.
- Carrie LaFrenz
October 2023
Coles says shoppers snap up cheap fresh produce, Christmas treats
The supermarket giant’s CEO Leah Weckert says there are strong plans in place to stem theft in store.
- Carrie LaFrenz
September 2023
‘Don’t let boys have all the fun,’ Macquarie CEO urges potential recruits
Just one third of applicants for graduate roles at Macquarie are female, Shemara Wikramanayake said, meaning women were “self-selecting out of what we are doing” at entry level.
- Hannah Wootton
August 2023
Shoplifters’ revenge the new worry for retailers
Self-service checkouts and fewer staff on the shop floor have contributed to a rise in shoplifting which is denting profits.
- Carrie LaFrenz and Simon Evans
Slash red tape, boost migration to beat growth slump: CEOs
Business leaders say the government has the levers to lift productivity and economic growth, which the government expects to slump to a post-World War II low.
- Michael Read
- Opinion
- Chanticleer
How Coles got caught in the global retail theft epidemic
Coles’ shock jump in second-half costs was in large part down to the wave of retail crime that started offshore and has now reached Australia.
- James Thomson
Coles battles costs as food price inflation eases
Higher staff wages and growing theft by organised crime are two major headwinds the supermarket chain is facing this year.
- Carrie LaFrenz