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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 ” In the first eight weeks of the current fiscal year, supermarket sales jumped 3.7

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Woolworths books higher net profit, sales in first half

Inside Retail

Solid results in the Australian food and B2B business segments drive an increase in first-half sales and net profit for Woolworths Group. The supermarket group’s net profit rose 2.5 The post Woolworths books higher net profit, sales in first half appeared first on Inside Retail Australia.

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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 However, while group earnings before interest and taxes rose by 0.6

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Reports: JD.com to Spin Off Grocery Unit Centered on 7Fresh Supermarket Chain

Retail TouchPoints

JD.com reportedly plans to combine its 7Fresh supermarket chain with other online services, creating an independent company selling fresh food and groceries to millions of people throughout China, according to Bloomberg and other media outlets. million USD ) in net profits during the next two decades.

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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 Woolworths Group booked lower earnings despite higher sales in the last fiscal year. per cent to $1.71 per cent to $108 million. The group’s sales climbed 5.6 billion.

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Metcash’s first half sales rise amid cost cutting initiatives

Inside Retail

Supermarkets and convenience went up 3 per cent, and Superior Foods grew 6.4 The group expects to report underlying net profit after tax of $132 million to $135 million in the fiscal first half. Metcash ‘s sales increased year over year in the fiscal first half, with its food category posting double-digit growth.

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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