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Coles delivers higher net profit amid increase in sales

Inside Retail

Coles saw its profit slightly grow on the back of higher revenue in the last fiscal year, amid the renewal and opening of new stores. The supermarket chain’s net profit grew 1.8 Supermarket revenue increased 6.2 Other segments’ revenue stood at $837 million. per cent to $1.12 per cent to $43.57

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Coles’ revenue rises on higher supermarket, liquor sales

Inside Retail

Supermarket chain Coles booked higher revenue in the fiscal first half, thanks to a sales increase across all segments. billion, post-tax net profit slid 3.6 billion as supermarket revenue went up 4.9 billion as supermarket revenue went up 4.9 Revenue from other segments stood at $450 million.

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Woolworths Group’s Australian food, B2B segments lead sales increase

Inside Retail

The supermarket chain’s net profit before significant items slid 0.6 billion while net profit after significant items plummeted 93.3 billion while other segment’s sales stood at $356 million. Woolworths Group booked lower earnings despite higher sales in the last fiscal year. per cent to $1.71

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Vicinity Centres acquires stake in Lakeside Jundaloop, doubles profit

Inside Retail

Lakeside Jundaloop has a gross lettable area of 99,832sqm, and major tenants include supermarkets Coles, Woolworths, and Aldi; entertainment sites Hoyts and Timezone; and department stores Myer, Big W, Kmart, and Target. Vicinity’s net profit grows 101.5 per cent Meanwhile, Vicinity Centres reported net profit of $547.1

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Coles CEO Leah Weckert talks profit margins, seasonal products in FY24 results

Inside Retail

Thanks to its strong supermarket sales Coles has reported a $1.1 billion after-tax profit for FY24. Coles’ extensive national footprint, across 856 supermarkets, 992 liquor stores and numerous digital platforms, has positioned it as one of Australia’s biggest omnichannel retailers for essential household items.

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From drab to trendy, 7-Eleven strives for relevance

Inside Retail

In the cities, 7-Eleven is a retailer that just keeps evolving and adapting to stay up with consumer lifestyle changes: it has become retail’s pocket battleship that challenges convenience store competition and supermarkets alike. Competition in 7-Eleven’s line of business doesn’t just come from supermarkets. Net profit was 6.2

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Coles pockets $1 billion profit as Smarter Selling pays off

Inside Retail

Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8