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Cedar Woods sells Williams Landing Shopping Centre for $60 million

Inside Retail

Victoria’s Williams Landing Shopping Centre has been sold for $60 million after owner Cedar Woods accepted an unconditional offer which also includes one hectare of adjacent development land. The shopping centre has a Woolworths supermarket, 30 specialty stores, a childcare facility, and two levels of office space.

Shopping 130
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Vicinity Centres acquires stake in Lakeside Jundaloop, doubles profit

Inside Retail

Vicinity Centres has acquired a 50 per cent stake in the Lakeside Jundaloop shopping centre in Western Australia from Future Fund for $420 million, and will co-own it with Lendlease-managed Australian Prime Property Fund – Retail. Vicinity’s net profit grows 101.5 million in the last fiscal year, up 101.5

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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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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 per cent to $1.005 billion.

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Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

It operates 163 units with an average size of just over 5,200 square metres, but 80 of them are much bigger than that: cavernous warehouses where retail buyers and end consumers load up oversized shopping carts with bulk items at wholesale prices. Net profit was up by 8.9 Same-store sales growth was almost flat-lining at 0.5

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Woolworths’ ballooning underpayments muddy a strong half

Inside Retail

This is a view shared by Shop, Distributive and Allied Employees’ Association (SDA) national secretary Gerard Dwyer, who said he was dismayed that another underpayment has been found. Supermarkets were strong, Big W struggled. million, though due to a higher cost of doing business net profit fell 6.5

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Woolworths declares $2bn share buyback as profit hits $2.07bn

Inside Retail

Woolworths has announced a $2 billion share buyback following the demerger of its drinks business Endeavour Group and a strong year at the supermarket checkouts. per cent lift in net profit to $2.07 Physical supermarket sales increased by 2.0 Online penetration for supermarkets is quite interesting – 8.5