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Information About

Coles Supermarkets




  Company Logo
  Company Type Supermarket
  Slogan Something Better, Everyday
  Foundation 1914
  Location Victoria , Australia
  Key People
  Num Employees 59,000+
  Industry Retail
  Products
  Revenue
  Homepage wwwcolescomau
  Intl yes


Coles Supermarkets is an Australia n supermarket chain owned by Coles Group . With over 750 stores nationally and more than 60,000 employees, Coles currently has second-largest market share behind Woolworths Supermarkets .


HISTORY


Coles was founded by George James (G.J.) Coles in 1914 when what was called the "Coles Variety Store" opened on 9 April in Smith Street in the Melbourne suburb of Collingwood . Expansion to more stores occurred and the chain was regarded as leaders in providing value to Australian shoppers (G. J. Coles learned the retail trade working for his father's "Coles Store" business at Wilmot, Tasmania between 1910 and 1913).

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In 1960 , the first supermarket was opened in Melbourne suburb North Balwyn and by 1973 Coles had established stores in all Australian capital cities.

Throughout the 1980s, stores were badged "Coles New World" (simply "New World" for a brief period late in the decade) until they were renamed Coles Supermarkets in the early 1990s and given the trademark "orb" logo. This was replaced with the "circled tick logo" in 2005, having first appeared as a secondary logo in 2003.

From mid 2006, BI-LO supermarkets were progressively re-badged as Coles Supermarkets. Newmart supermarkets, under which BI-LO traded in Western Australia, were re-badged as Coles Supermarkets in 2002-2003. Newmart stores co-located with Coles in the same area or shopping centre were sold to Foodland and re branded as the now-defunct Action Supermarkets chain.

Coles reported very poor a trading result for the 13 weeks to April 29, 2007, sparking criticism from many commentators.1 The failure of the rebadging of BI-LO stores to Coles was blamed in part for the poor results, and the conversion program was put on hold at Easter 2007. 2

On 2nd July 2007, Western Australian based company Wesfarmers agreed to purchase Coles Group Limited for AU$22 billion. The purchase is scheduled to be completed by October 2007.3

In August 2007, as Wesfarmers foreshadowed its plans for the restructuring of Coles Group following its anticipated takeover, it stated that one of three planned divisions would comprise supermarkets, liquor and convenience stores. 4


ADVERTISING


Coles' advertising campaigns on TV, radio, newspapers, catalogues and in-store have employed a host of different names, slogans and logos. Its original slogan was "Nothing over 2/6", when Coles was still primarily operating variety stores. The slogan "You'll find the best value is at Coles New World" was used in the 1980s, during the Coles New World era. In 1991, Coles New World was renamed as Coles Supermarkets and given the trademark New World "orb" logo which it has used for 15 years. In 1998, the capitalised "Supermarkets" text was removed from the logo leaving simply "Coles". Coles used "Serving You Better" from 1998 to 2003 with an associated jingle from 2000. This was replaced with "Save Everyday", endorsed by actress Lisa McCune which saw the "circled tick logo" introduced. The circled tick replaced the "orb" logo entirely in 2006 with minor changes to advertising graphics and fonts.

In 2007, that slogan, the circle tick and use of Lisa McCune ceased, with simply the Coles name in the new logo and no slogan at all, in preparation for an entirely new "circular" logo to be introduced in the coming months to match the Coles Group brand identity.


NOTABLE PROMOTIONS





PRIVATE LABEL BRANDS

In 2005, Coles announced its intention to replace its existing private label brands (such as Farmland, Persona, Savings and Reliance) with a three-tier approach - Smart Buys, a budget label, '''You'll Love Coles''', a mid-price line, and '''George J Coles''', a premium brand.6

By 2006, 1600 private label products had been introduced under the two cheaper brands.7 The premium brand had yet to be launched.8 There has been some adverse commentary regarding the loss of choice of supermarket shelves as private label brands start to dominate.9


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