Wesfarmers announces Coles sales up 4.3%: Economy Roundup
Monday, 26 July 2010
Retail giant Wesfarmers has recorded better-than-expected annual sales growth at its Coles supermarket chain, with sales up 4.3% to $29.7 billion compared to the previous financial year.  ...

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Dodging the rough patches
Friday, 28 May 2010
Trying to read the economic and market signals right now isn't exactly easy.  ...

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Wesfarmers announces 4.9% rise in Coles sales in third quarter: Economy Roundup
Thursday, 22 April 2010
Wesfarmers has announced a 4.9% rise in third quarter sales from its Coles supermarkets business, but has also said it remains cautious about the outlook for the remainder of the financial year.  ...

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The legacy of leadership
Monday, 15 February 2010
In Australia we have a few great companies that have been successful over several recessionary periods - say 30 years - due to the leadership teams creating and then maintaining a strong culture of success.  ...

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ASX rejects two-strikes corporate pay proposal, Shares move higher: Economy Roundup
Wednesday, 11 November 2009
The Australian Securities Exchange has come out against a Productivity Commission recommendation that would see board members up for re-election if 25% of shareholders vote against a company's remuneration report in consecutive years.  ...

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Wesfarmers worried next round of IR changes will lift labour costs
Wednesday, 11 November 2009
The chief executive of conglomerate Wesfarmers, which owns the Coles and Bunnings brands, has expressed concerns that the Rudd Government's new modern awards could increase the possibility of industrial disputes and harm the economy's recovery.  ...

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Shares up nearly 2% as US economy grows again: Economy Roundup
Friday, 30 October 2009
The Australian sharemarket has opened nearly 2% higher today erasing yesterday's losses, after significant gains in the US caused by the first growth in GDP for over a year.  ...

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Coles and Kmart leaders start turnaround
Monday, 27 April 2009
There is little doubt that the cultural transition within both Coles and Kmart under Wesfarmers leadership was going to take time to translate to shopper experience, however this week's results are pointing to a faster than expected change.  ...

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Coles catching up as Woolworths dumps Safeway name and unveils new brand
Friday, 22 August 2008
Wesfarmers said its new acquired supermarket business Coles is no longer losing market share to Wesfarmers, but chief executive Richard Goyder has warned the turnaround of the company will take five years. ...

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Woolworths getting complacent while Coles getting hungry: Gottliebsen
Wednesday, 28 May 2008
The ACCC last night released the transcripts of its close questioning of Coles. This was a vital session because, as I pointed out, Woolworths chief executive Mike Luscombe had not been well prepared and was ambushed by the ACCC (Woolworths boss trips up at ...

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Wesfarmers undertakes sweeping review
Wednesday, 23 April 2008
Wesfarmers MD Richard Goyder has flagged combining the Bunnings stores and Officeworks outlets in the same location to improve performance. Goyder said Wesfarmers also planned to increase the number of Kmart stores in operation. Meanwhile, Goyder said a ...

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Wesfarmers decides to keep Kmart
Thursday, 20 March 2008
Wesfarmers has announced it will hang on to Coles' struggling general merchandise Kmart chain. Wesfarmers had considered selling off Kmart after it took over the Coles empire last year. However, the group said yesterday it had concluded its strategic review ...

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New chief for Coles announced
Friday, 08 February 2008
Wesfarmers has appointed a British retail boss to lead the struggling food and liquor giant Coles. Ian McLeod, who runs the 433-store car parts and bicycle retailer Halfords chain, will be the new managing director from May. He will be the sixth new boss ...

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SMEs slam Goyder push for longer shopping hours in WA
Thursday, 25 October 2007
SME groups have moved quickly to reject moves by Wesfarmers chief executive Richard Goyder to put shopping hour deregulation back on the agenda in Western Australia. Goyder, who is currently in the process of taking control of the Coles supermarket chain, ...

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Confidence keeps rising… Kochie the champion… Cabinet role urged… Grocers react to Coles deal… Retail sales in May… Building approvals fall…
Tuesday, 03 July 2007
Confidence just keeps getting better The good times roll on. The latest ACCI survey of investor confidence shows that businesses are enjoying record levels of activity and sales. Expected levels of investment increased to its highest levels since July 1994. ...

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