Thursday, 29 October, 2020 - 13:42
$140m Shenton Park project under way
Construction has started on Shenton Quarter, a $140 million apartment and retail development by Iris Residential and Primewest.
Coles is one of Australia’s two dominant supermarket chains, along with Woolworths. Coles also includes major bottleshop chains Liquorland, First Choice and Vintage Cellars.
In April of 2007 Wesfarmers announced a takeover bid for the Coles Group, which was completed in November of that year. The former Coles Group also included such businesses as Kmart, Target, and Officeworks.
In November 2018, Wesfarmers shareholders voted to demerge the Coles supermarket business, and the Melbourne-based business began trading independently on the ASX again on 21 November 2018.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
478th | Carindale Property Trust | 26.16% | 0.32% |
479th | AGL Energy | 26.09% | -6.2% |
480th | Coles | 26.04% | 6.62% |
481st | Evolution Mining | 26.03% | 7.71% |
482nd | GTN | 25.96% | -2.49% |
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Construction has started on Shenton Quarter, a $140 million apartment and retail development by Iris Residential and Primewest.
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Coles enjoyed soaring sales during the second half of last year, buoyed in part by customers being forced to stay at home during Christmas.
Supermarket giant Coles' third-quarter sales slipped 5.1 per cent as trading normalised compared with last year's pre-lockdown stocking.
Hardware giant Bunnings has been crowned Australia’s top online retailer while four other Wesfarmers-owned businesses have been listed in the top 10.
More than half of the world’s single-use plastic is produced by fewer than two-dozen companies, according to new research published by the Minderoo Foundation.
Cheeky Brothers is scaling up production capacity after signing a deal with Coles.
Coles is continuing to see sales growth slow in the first few weeks of the current financial year as trading returns to normal levels and as lockdowns in major cities drag.
Woodside’s purchase of BHP’s oil assets is close to the biggest deal by a WA company.
Australian supermarket giants Woolworths Group and Coles have announced plans to implement mandatory vaccination policies for their staff.
Coles has opted not to follow Woolworths in requiring all employees be vaccinated against COVID-19, instead relying on health orders in some states.
Sustainability accreditations are helping WA businesses sell produce internationally.
Unemployment is at record lows in WA, but pressure from mass resignations and outbound travellers is looming.
Food suppliers and supermarkets are scrambling to find ways to get produce to WA, after it was announced flood-damaged rail lines in SA could take at least 12 days to be repaired.
WA shoppers will be subjected to product limits at major supermarkets after floods in South Australia disrupted supply chains, leaving some shelves empty.
Coles has delivered a 2 per cent drop in profit as higher costs and lower convenience store sales hit half-year results.
Some of Australia's biggest companies have opted into an emissions reduction reporting scheme that should show whether cuts match their public commitments.
An in-depth study profiling indigenous employment practices in Australia has thrown down a challenge.
While shoppers face inflationary pressures and a rising cost of living, the cost of doing business is also up.
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Supermarket giant Coles is selling its fuel and convenience stores operation for $300 million.
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WA agribusiness Milne Agrigroup will supply a range of pork products with a carbon neutral footprint to Coles stores after developing the offering with the major supermarket chain.
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Shares in Coles rose by 6 per cent on Tuesday morning to $16.77, despite the company's statutory net profit after tax regressing by 3.6 per cent in the first half of the 2024 financial year.
The state’s peak planning body has approved Coles’ $29m plan to build a neighbourhood shopping centre in Ravenswood.
Despite its total group sales revenue rising by 3.4 per cent from $9.7 billion to $10 billion in the March 2024 quarter, Coles Group chief executive officer Leah Weckert is acutely aware that customers are minimising their discretionary spending.
Coles has posted an annual net profit of $1.1 billion and says online supermarket sales made up 9.4 per cent of all sales in the 2023/24 year.
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Coles has reported a 3 per cent drop in profit in the first half of the 2024-25 financial year, but received a sales boost during staff strikes at rival Woolworths' operations.
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