AUS: Wesfarmers unveils AUD94m Coles Liquor revamp
Wesfarmers, the owner of Coles Liquor, is to spend AUD94m (US$88m) restructuring the Australian alcohol retail outlets.
The company said this week the work will include “reshaping the store network and rationalising product ranges”. Wesfamers hopes to improve the customer experience and increase productivity with the investment, it said.
The money is part of an AUD774m write-off on the liquor outlets and Wesfarmers' Target department stores, which was announced in a regulatory statement.
According to a study released in April, alcohol consumption rates in Australia have fallen to their lowest point in 15 years.
Aldi Stores Supermarkets Pty Ltd in Retailing (Australia)
Aldi Stores Supermarkets Pty Ltd continues to aggressively position itself as the smarter choice for consumers by offering the best value compared to Coles and Woolworths supermarkets. It has invested...read more
- SABMiller in Cent'l & E Europe - What is for sale?
- A-B InBev and its SABMiller divestments - Focus
- Where does AB InBev see the future of beer?
- Brown-Forman's march on premium whisk(e)y -Comment
- Are consumers getting tired of consuming?
- Private equity poised for SABMiller Europe buy?
- AB InBev to sell SABMiller Cent'l, E Europe assets
- Leonardo DiCaprio joins Runa drinks board
- Remy Cointreau names new Travel Retail exec
- Pernod Ricard to widen Our/Vodka sales reach
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Carbonates in India
- What Next for Beer and Brewers Following the MegaBrew Deal?