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.
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.
Hot chook heist: Winner winner, free Coles chicken dinner
She’s a suburban Perth mum. He’s a knockabout bloke. But Linda Parri and Carl Menezes teamed up to enjoy free hot chooks from Coles. They laughed about it and became friends along the way.
Woolies, Coles hit back at ACCC over ‘discounts’
Coles and Woolies have defended accusations of fake discounts by saying almost all were price hike requests from food and grocery suppliers hit by a ‘sudden outbreak of inflation’.
ASX 200 rises; WiseTech falls; Coles, Woolworths gain
WiseTech, MinRes billionaire actions on ASIC radar. Qantas jumps on Jefferies’ boost. Insurer QBE sued for allegedly misleading 500,000 customers. Nine-controlled Domain Holdings flags CEO change.
Major update on cockatoo stuck in supermarket
There’s been a major update regarding the safety of Mickey the cockatoo, who has spent nearly a month trapped inside a NSW Coles and shopping centre.
![Digital mock-up of Woolworths CEO Amanda Bardwell (left), ACCC chair Gina Cass-Gottlieb and Coles CEO Leah Weckert [4x3]](https://content.api.news/v3/images/bin/8ac334fba026a92be3e6e8e17730c41b?width=650)
Woolies, Coles ‘fake’ discounts spread across the entire supermarket
Woolworths and Coles fooled customers into buying everyday groceries by using fake discounts spanning almost every aisle of the supermarket, new court documents reveal.
Update on bird trapped in Coles for weeks
A wild cockatoo initially trapped in a Coles supermarket has fled to “explore” the wider shopping complex, as fears about safely freeing it continue.
Coles rings changes to improve stock availability
A restructure at Coles pushed through by CEO Leah Weckert aims to address one of the biggest grievances among shoppers and improve stock levels and availability in the store.
Even wealthier shoppers feeling pinch
Woolworths and Coles have told the Senate select committee on the cost of living that Australian households are struggling and have been forced to change their shopping behaviour.
TimTam question Coles, Woolies can’t answer
Coles and Woolworths senior executives have dodged questions on why a packet of TimTams is cheaper in the UK than it is in Australia.
For Chalmers, supermarkets make better politics than policy
It’s pure politics for the Treasurer calling out supermarkets as needing any special treatment over other more concentrated sectors.
Aldi most trusted supermarket as Coles, Woolies suffer
Aldi has been named Roy Morgan’s most trusted supermarket brand for the first time, as Coles and Woolies drag down trust in the entire category.
Coles boss defends ‘Down Down’ pricing, looks to bumper Xmas
More Australians than ever say they are planning to cook and entertain at home this Christmas due to cost of living pressures, with Coles unveiling its Xmas grocery offer to capture those home cooking dollars.
![Digital mock-up of Woolworths CEO Amanda Bardwell (left), ACCC chair Gina Cass-Gottlieb and Coles CEO Leah Weckert [16x9]](https://content.api.news/v3/images/bin/55490b05230114224eadce82ef5e6930?width=650)
Woolworths, Coles should be very worried after Qantas’ $120m ACCC hit
With Qantas ordered to pay $120m for offering tickets on ‘ghost flights’, Woolworths and Coles face much bigger financial blows if found guilty of misleading discounts.
Don’t listen to scaremongers, Atlas Carbon tells Aussie farmers
Investing in carbon sequestration projects is an expensive business for farmers and some are being scared off by misinformation, an industry expert says.
Supermarket challengers say ‘change is in the air’
Alleged dirty tactics by Coles and Woolworths are shaping up to be a big opportunity for rival operators who say Aussies have had a gutful and a level playing field is needed.
Fresh blow for Coles, Woolies over discounts
Coles and Woolworths are facing a new class action headache over allegations they promoted specially-marked products with false discounts.
Overhaul of rules for Coles, Woolies
The overhaul of pricing obligations will attempt to arrest so-called ‘shrinkflation’, where supermarkets and producers quietly cut product sizes rather than raise prices.
Coles store evacuated as toilet paper set on fire
Shoppers and staff at a major supermarket were forced to evacuate when an arsonist targeted the toilet paper section of the store.
![Digital mock-up of Woolworths CEO Amanda Bardwell (left), ACCC chair Gina Cass-Gottlieb and Coles CEO Leah Weckert [4x3]](https://content.api.news/v3/images/bin/4b5003a881eff3eae45c2f173a4fefdf?width=650)
Millions pumped into watchdog fight against supermarkets
Labor will pump an extra $30m of funding into the nation’s consumer watchdog to beef up the resources needed to continue its crackdown on alleged deceptive conduct by supermarkets.
People before profits key to supermarkets regaining trust
Coles and Woolworths have hit record lows for brand distrust, but can these supermarket giants regain consumer trust and reinvigorate their once-loved brands?
Coles and Woolies have lost customers’ trust
New data indicates most Australians believe the two supermarket giants put profit before consumer welfare, leading a significant number to reconsider who they spend their money with.
Wine company’s plan to take on retailers
A leading Aussie wine company has unveiled how it is taking on what they have called “misleading” conduct by retailers that leaves makers “squeezed more than the grapes”.
Original URL: https://www.theaustralian.com.au/topics/coles/page/4