THE race is well and truly on between Woolworths and Coles to downsize to convenience-store footprints, with petrol service stations and local grocer real estate being seized for the transformation.
Woolworths is expected to return $1.7 billion from the sale of its fuel retailing business through an off-market share buy-back to minimise earnings dilution and maximise the distribution of franking credits.
PETROL price competition is set to ignite with the rollout of 4 cent discounting at dozens of petrol stations nationally and allow motorists to collect rewards points when they fill …
Viva Energy and Coles have committed to expanding their petrol station alliance to add more than 100 sites over the next five years after resolving a dispute that …
By Sarah Thompson, Anthony Macdonald, Joyce Moullakis
Oil supermajor BP has flown executives to Australia in recent weeks, as it considers an offer for Woolworths’ extensive network of petrol stations.
Sue Mitchell 12/5/16
After agreeing two years ago to stop subsidising petrol discounts through supermarket profits, Coles now appears to be subsidising food and grocery discounts by charging higher prices …
Benedict Brook, 10 November 2015
IT’S the feature of supermarkets Australians have become all too accustomed to yet utterly baffles overseas visitors.
No, not that we call peppers capsicums or …