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The Latest Breaking News from Leah Weckert

'Do you care?': Coles stares down anti-salmon activists

Coles shareholders have voted down activist-backed resolutions taking aim at its sourcing of salmon after executives were peppered with questions on the issue.

Coles puts heat on Woolworths with strong sales growth

Coles puts heat on Woolworths with strong sales growth

Supermarket giant Coles continues to take market share from key rival Woolworths, posting stronger quarterly sales growth than its bigger competitor.

Woolworths struggles to win back ‘price trust’ from customers – and investors – as Coles’ value rises

Woolworths struggles to win back ‘price trust’ from customers – and investors – as Coles’ value rises

Market value of Woolworths, Australia’s largest supermarket chain, slips from more than $40bn to less than $35bn

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Buying frenzy for Coles shares after bumper sales year

Coles shares posted their best single-day gains in more than five years after the supermarket giant announced strong sales growth and a billion-dollar profit.

Prices coming down as Coles keeps tabs on Trump tariffs

Coles has recorded a 3.7 per cent sales boost over the most recent quarter, revealing prices have started to drop but US tariffs remain front of mind.

Rate cut likely as underlying inflation falls within RBA target range

Headline inflation – which includes the impact of government cost-of-living policies such as rebates – held steady at 2.4% in the year to March

The Guardian - AU

Coles denies suppliers pay price for evading promotions

Representatives from major supermarkets and suppliers have appeared before an inquiry as the consumer watchdog prepares to report on the sector.

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Coles denies unhappy suppliers cop 'holiday' check outs

Coles denies unhappy suppliers cop 'holiday' check outs

Supermarket giant Coles rejects punishing fresh produce suppliers who disagree on pricing, as the company is grilled at an inquiry into the sector.

Coles calls out 'politicisation' of cost of living

Coles calls out 'politicisation' of cost of living

Politicians are unfairly attacking supermarket chains to provide answers to difficult questions about inflation, grocery giant Coles says.

Aussies willing to visit eight shops for groceries

Aussies willing to visit eight shops for groceries

The cost-of-living crunch is motivating more Aussies to shop around but it hasn't halted Coles sales growth, up 2.9 per cent in the first quarter.

Premier points finger at supermarkets over probe 'snub'

Premier points finger at supermarkets over probe 'snub'

Coles and Woolworths have been grilled by Queensland Premier Steven Miles after he made a surprise appearance at a supermarket pricing inquiry.

Coles faces competitive pressure from online retailers

Coles faces competitive pressure from online retailers

The head of one of Australia's two big supermarkets says the sector is becoming increasingly competitive and online retailers are part of the story.

Coles CEO defends making profit, says competition tough

Coles CEO defends making profit, says competition tough

Coles Group chief executive Leah Weckert says the supermarket chain earns less than $3 for every $100 spent in its stores, and its profit has dropped.

Coles and Woolies to front supermarket prices inquiry

Coles and Woolies to front supermarket prices inquiry

Coles and Woolworths will appear at a Greens-led parliamentary inquiry to investigate if major supermarkets are price gouging to get record profits.

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Coles workers, activists picket supermarket's AGM

The Retail and Fast Food Workers Union has gone on strike and protested outside the Coles annual meeting.

Coles, Woolworths profit surge raises questions over inflation profiteering

The big supermarkets raked in combined profits of more than $1.5 billion over the last six months of 2022. But were they profiteering from inflation or just passing on rising costs?

Thefts rising, families ‘moving to value’ as higher prices bite, Coles execs say

Changes in grocery prices facing Coles are being driven by a range of factors, with price pressures continuing in some areas.

Coles locks in strong profits and first female CEO

Supermarket giant Coles made $616 million in first-half profit, up 11.4 per cent from a year ago, and has named Leah Weckert as its next chief executive.

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Coles drops and locks prices on more items amid cost-of-living crisis

As part of its Dropped and Locked program, Coles has lowered the prices of even more items to help customers save a bit while they shop.

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