New Zealand news & analysis

20 July 2016
The world’s largest e-commerce platform Alibaba Group is growing its business in Australia, with plans to open its first office in the country at the end of this year. Melbourne office to serve both Australia and NZ New York-listed Alibaba has announced the planned opening of its new office in Melbourne, the capital of the Australian state of Victoria later this year, in order to better ser...
11 April 2016
New Zealand's largest grocery retailer has announced plans to start rolling out an online grocery service later this year. Foodstuffs North Island to launch service first Foodstuffs North Island will launched the service first, with Foodstuffs South Island due to launch the service sometime in 2017 or 2018. The retailer has previously trialled an online service from its New World supermar...
20 January 2016
Woolworths has appointed Dave Chambers as the new managing director of Progressive Enterprises in New Zealand. Chambers returns to previous role after one year in Australia Chambers will return to New Zealand having previously headed up Progressive Enterprises from 2001 to January 2015. Chambers will move from his current role as Director of Woolworths Supermarkets in Australia, taking o...
21 October 2015
Woolworths has replaced its 'Cheap Cheap' price campaign with an initiative called 'Always at Woolworths'. Shifting more towards an EDLP message Woolworths is investing AU$500m in lower prices in order to re-establish a stronger price perception amongst shoppers. It will hope that its new flagship campaign, that focuses more on promoting every day low prices on hundreds of popular prod...
28 August 2015
Woolworths has revealed sales of AU$60.7bn for the 52 weeks ended 28 June 2015, down 0.2%, or up 2.5% excluding petrol. Chief executive Grant O'Brien said sales and profit were in line with the previous year but below its own expectations. Woolworths also announced the appointment of Gordon Cairns as chairman, effective as of 1 September. The search for a new chief executive is ongoing. ...
20 August 2015
Coles Group has reported revenue growth of 2.2% for the year ended 30 June 2015. Total revenue at parent company Wesfarmers was up 0.2%. Wesfarmers' managing director Richard Goyder said the improved sales momentum was "a good result" in a competitive supermarket sector. Growth in fresh supports food and liquor division Coles registered sales growth of 5.3% at its food and liquor busin...
02 July 2015
Foodstuffs North Island has announced that it is to close a number of its cash & carry stores. Five stores to close, seven to be improved The retailer has conducted a review of its wholesale operations and has decided to consolidate the business. Five store are set to close including; two Toops stores in Napier and New Plymouth and three Gilmours stores in Henderson, Panmure and Rot...
29 April 2015
Coles has reported headline growth for its food and liquor business of 5.4% in the third quarter of the 2015 financial year, reflecting investment in price and improvements in the quality of fresh food. Price investment hits Food and Liquor stores Comparable food and liquor store sales were up 3.8% and comparable food store sales were up 4.5% for the quarter. Coles experienced 1% price defl...
27 February 2015
Australia's leading retailer has reported sales of AUD32.4bn for the first half of FY15, an increase of 1.8% (+3.4% excluding petrol). Investing in Australian Supermarkets business to restore momentum Woolworths said, in its results announcement, that it was not satisfied with sales performance. In the Australian Food, Liquor and Petrol business promotional programs were not as successful a...
29 August 2014
Woolworths has released full year results for the 52 weeks ending 29 June 2014, with sales up 5.9% to AU$60.8bn and EBIT from continuing operations up 5.3% to AU$3.8bn. Australian Food and Liquor sales up 4.7% to AU$41,171m, with EBIT up 9.1% to AU$3,279m Like-for-like (LFL) sales in supermarkets increased 3.0% driven by improvements in value and the customer offer. Woolworths' supermarkets...