All Australia articles – Page 13
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News
Woolworths and Lowe’s win final approval to jointly set up hardware stores in Australia
Woolworths and Lowe’s, the US’s second largest home improvement chain, have won final approval to jointly set up big hardware stores in Australia, acquiring domestic hardware wholesaler Danks Holdings to act as their supplier.The Australian Competition and Consumer Commission said it allowed the takeover to go ahead after Woolworths and ...
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News
Coles posts better than expected results
Coles posted better than expected results for its first quarter to September 27, thanks to rising food and alcohol sales.The grocer’s food and alcohol sales rose 7.3% compared with the same period a year earlier, and were up 6.1% on a same-store basis. Fuel and convenience sales climbed 6.5% and ...
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AnalysisLowe’s curtails expansion as it braces for tough 2010
DIY retailer Lowe’s has followed in the footsteps of rival Home Depot by scaling back its expansion plans.
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News
Aldi records £39m profit in Australia
Aldi’s discount store network in Australia delivered a profit of AUD72.6m (£39.19m) last year, on total Australian sales of AUD1.85bn (£998.6m).Aldi, which entered Australia in January 2001 and recently opened its 200th store there, has been profitable for the past three years. ”We have strong expansion plans for Australia ...