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Coles trumps Woolies in sales growth
In the battle for Australians' grocery spend Coles has well out performed arch rival Woolworths in the last 12 months.
Wesfarmers released its full year sales results Thursday which shows its core Coles-anchored food and liquor operations have increased sales by 6.7 per cent in the year to June 26.
By comparison Woolworths, which released its figures earlier this month, reported a 4.6 per cent increase. Its Australian food and liquor sales (excluding petrol) were up 4.3 per cent. Coles' food and liquor sales up 6.3 per cent.
The only area where Woolworths grew at a faster rate than Coles was in petrol: Coles' convenience stores (which includes petrol) rose by 8.5 per cent; Woolworths previously reported liquor sales up 9.9 per cent but it is not clear whether any convenience sales were included in the Coles data.
In dollar terms, Coles' $25 billion food and liquor sales remain a long way behind Woolworths' $36.1 billion.
But significantly, both Woolworths and Coles are claiming market share growth which suggests their sales gains are coming at the expensive of independents and German discounter Aldi.
Wesfarmers MD Richard Goyder says the company's retail division had performed solidly during the year, especially when taking into account the backdrop of declining consumer confidence significant price deflation and adverse weather.
"As households have experienced higher costs of living and an increased propensity to save, all of the group's retail businesses have worked hard to provide genuinely better value and an improved customer offer.
"Coles' food and liquor comparable store sales growth of 6.3 per cent for the year, following a five per cent growth last year, reflects pleasing customer response to changes made throughout the business to build trust in Coles' value, quality and service."
Coles recorded food and liquor price deflation of 0.3 per cent in the year despite the impact of higher excise on tobacco products and the impact of floods on produce prices. Exclude the excise tax and food and liquor deflation was actually 1.6 per cent.
If Woolworths is beginning to feel any pressure from Coles there's more to come. Two new generation Coles supermarkets opened in the last quarter, and 38 existing stores were upgraded, meaning just 144 of its 741-store network now sport the new style with greater emphasis on fresh foods, broader product range and a more enjoyable overall customer experience.
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Friday, February 24, 2012 by
It seems that if the SA Government had nicetod the result of what had happened to Ireland after their plastic bag ban, they would have learned that all the plastic bag ban does is increase the sales of bin liners.Its seems illogical that the SA Government would choose to get rid of plastic singlet bag.
Wednesday, August 10, 2011 by
Please Please stock basics such as leaf gelatine and rose and orange blossom water. It's so hard to get especially in regional shops if we need it. Many thanks Olga Karratha W.A.
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