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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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Woolworths’ ballooning underpayments muddy a strong half

Inside Retail

Supermarkets were strong, Big W struggled. million, though due to a higher cost of doing business net profit fell 6.5 million, though due to a higher cost of doing business net profit fell 6.5 Woolies’ supermarket sector enjoyed a strong Christmas period, with sales up 3.2 per cent to $795 million.

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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

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To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

But it turned out that the emporium of toys, games and fun could not in the end withstand the relentless competition and margin hits from the internet and supermarket retailers. The toy market certainly had a very good pandemic, with families at home and keen to keep themselves and their children busy. and abroad. In 2017, the U.S.

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Ahold Delhaize sees continued growth in Q1

Mass Relators

While COVID-19 continues to create significant uncertainty in 2021, the outstanding Q1 results provide us with the confidence to raise our underlying EPS and Group net consumer online sales growth outlook for the year.” ” The coronavirus pandemic continued to impact costs, hurting profitability. In addition, our U.S.