Retail Section
Coles
Head office: Australia
Coles Group (formerly Coles Myer) is a top dingo among Australian retailers. The group is one of Australia's largest retailers with more than 2,900 stores (Bi-Lo and Coles, liquor, and convenience stores) throughout Australia and New Zealand. Coles also sells apparel and general merchandise through 540-plus Target, Kmart, and Officeworks stores. (Coles holds the rights from Kmart and Target to use those banners in Australia and New Zealand).
With over 350,000 shareholders, more than 165,000 employees, millions of customers and a store in just about every town, the group consider itself as a part of the fabric of Australian communities.
Coles sold its Myer department store chain in mid-2006. The company changed its name in late 2006 to Coles Group Ltd. to reflect the Myer sale. Coles Group has agreed to be acquired by the Perth-based conglomerate Wesfarmers Ltd. for about US $18 billion.
The group’s sales reached US $ 26 (EUR 20) billion in 2006.
Website: www.colesgroup.com.au
Articles related to Coles
- 11-06-2008 Grocery “web wars” to start in Australia
- 26-05-2008 Coles boss pledges 5 years
- 09-11-2007 Patience required for Coles’ top job
- 01-11-2007 Retail 100: No surprises at the top
- 19-09-2007 Coles’ full year profits plummet 35.7%
- 31-07-2007 Coles deal not done
- 19-07-2007 Woolworths takes advantage of Coles' wounds
- 02-07-2007 Coles now owned by Wesfarmers
- 12-06-2007 Metcash makes play for Coles
- 06-06-2007 Coles considers part sales
- 05-06-2007 Coles tug-of-war benefits Metcash
- 29-05-2007 KKR and CVC quit the race for Coles
- 22-05-2007 Cole's losses benefit FoodWorks
- 15-05-2007 Coles bidding on hold for 6 weeks
The Australian Competition and Consumer Commission (ACCC) has released the report on its inquiry into the competitiveness of retail prices for standard groceries. The report found that the introduction of Aldi stores in the eastern states has had a beneficial impact on competition.
11-08-2008 (17:14)
11-08-2008 (17:14)
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