Coles readies to launch AI-powered ‘smart trolleys’
New technology is coming to your local Coles store, as the retail heavyweight prepares to trial an AI-powered smart trolley that allows people to pick, weigh and pay for their groceries.
Coles
Shareholders’ demand to Coles board
Coles shareholders have lashed out at the supermarket for its environmental shortcomings and issued a demand.
Coles accuses leaders of ‘politicising’ cost-of-living crisis
Coles chair James Graham has taken a swipe at the nation’s politicians, accusing them of ‘politicising’ the cost-of-living crisis to attack supermarkets.
ASX 200 down; Paladin smashed; Platinum cops second strike
Paladin sinks 20pc-plus on mine challenges. Platinum Asset investors vote against pay plan. New intraday records for Aristocrat, CBA. ACCC says airfares up since ‘Rexit’, but Qantas has a different view. Business, consumer confidence up.
$30bn valuation places Chemist Warehouse in the big leagues
Chemist Warehouse and Sigma will be worth more than $30bn when their backdoor listing deal is finalised, close to Woolworths’ valuation and several billion more than Coles.
Coles worker’s astonishing claim goes viral
An anonymous Coles worker has accused the supermarket giant of “gaslighting” its customers after a shopper slammed the price of a popular sweet snack.
’Nowhere else’: Grim reality for Aussie farmers
Aussie farmers are up in arms about supermarket behemoths Coles and Woolies, but an ACCC hearing has heard they have nowhere else to go.
High prices and shrinkflation top consumer supermarket concerns
The ACCC has begun public hearings for its inquiry into the supermarkets sector, although it won’t take evidence on the current court case on alleged ‘fake discounts’.
Lambo guy’s ‘awesome job’ in Adelaide
An Australian billionaire, who became famous for buying multimillion dollar homes on The Block, says he had a “fantastic time” at his “awesome job” in Adelaide.
Shoppers increasingly using Flybuys to cover groceries
Shoppers at Coles are swapping Flybuys points for groceries as the popular rewards program is used by households to stretch budgets.
‘Cross shopping’ a boon for indies
Metcash boss Doug Jones believes independent chains are winning from the rise of ‘cross shopping’ by budget-savvy consumers, who are visiting different retailers to fill their shopping baskets.
ASX falls 1.3 per cent in October
The ASX closed down 0.25 per cent as supermarket giants Coles and Woolworths announced weaker than expected sales.
Aussie tech darling worth more than Woolies
A homegrown tech unicorn has reached a huge milestone evaluation, making it worth more than Woolworths, Telstra and Coles.
‘Cross-shopping’ trend taking over Australia
Australians are finding new ways to save at the checkout, with more hunting around for the cheapest prices.
Coles pours another $880m into robotic supply chain
Coles is ramping up investment in its supply chain that stretches from the farmgate to the consumer’s front door, as sales rose less than Woolworths but didn’t result in a profit warning.
‘We had to justify price rises’: Bega
The chairman of one of Australia’s top food groups says he is surprised by the ACCC’s fake discount claims, telling investors Coles and Woolworths demand extensive evidence for price hikes.
ASX down 0.3pc in choppy trade; MinRes soars on $1.13bn oil, gas deal
The ASX hits a four-week low before rebounding. Gains in tech, consumer discretionary, property and financial stocks are offset by falls elsewhere. Investors pile into Mineral Resources after Rinehart’s $1.13bn deal. JB Hi-Fi, Wesfarmers and Coles rise on positive updates.
ASX ends down 0.8pc as inflation data dashes hopes of early rate cut
The S&P/ASX 200 index closed down 0.8 per cent at 8180.4 points after hitting a three-week low after disappointing inflation figures and a profit warning from Woolworths. Annual headline inflation drops to 2.8 per cent. Trimmed mean CPI of 3.5 per cent meets estimates. CBA scraps call for RBA rate cut in December.
Myer, Premier in retail asset swap
Myer has launched its ambitious growth plans by buying a portfolio of fashion brands from Solomon Lew and paving the way for the former Coles Myer chairman to return as a director.
Triumphant return to the board for spurned chairman
Solomon Lew was ejected from the old Coles Myer board more than 20 years ago and returns as a Myer director after seven years of hunting down the grand old department store.
Original URL: https://www.theaustralian.com.au/topics/coles/page/3