73-723: Coles Group Limited is an Australian public company operating several retail chains. Its chief operations are primarily concerned with the sale of food and groceries through its flagship supermarket chain Coles Supermarkets , and the sale of liquor through its Coles Liquor outlets. Since its foundation in Collingwood , Victoria in 1914, Coles has grown to become the second-largest retailer in Australia after its principal rival, Woolworths , in terms of revenue. Formerly known as Coles Myer Ltd. from 1986 to 2006, Coles Group
146-695: A legal entity was dissolved. A store count at June 2008, there were 118 Target Country stores throughout Australia. From the mid 1990s onwards, there was a rebranding of some Grace Bros stores in regional NSW to Target. This included a large number of stores which had previously been part of the Dubbo based Western Stores . Locations which converted from Grace Bros to Target and then Target Country include Bathurst , Cowra , West Wyalong , Forbes , and Young (all closed as of 2021). Target Country store numbers were growing, and gained popularity in regional and remote communities, as Australians loved having access to
219-517: A Senate Inquiry, Greens Senator Nick McKim , the chair of the committee, highlighted that the actions of Coles and Woolworths resulted in serious harm to the people of Australia, off the profiteering these supermarket chains have done manipulating food prices. One of the key recommendations that was made in this enquiry is to ensure that price gouging will be made illegal. A 2014 Federal Court of Australia case ruled that Coles "threatened harm to suppliers if they didn't meet their demands," and ordered
292-1120: A five year period. Target planned to market shift, becoming a "mid-tier" new boutique retailer, competing with the likes of foreign fast fashion giants H&M , Uniqlo and Zara . Target announced in April 2016 it would relocate its Geelong head office to Melbourne , resulting in an unspecified number of redundancies. Following the April 2016 announcement, Wesfarmers confirmed in December that Target would relocate to Williams Landing in late 2018. In June 2017, Wesfarmers announced that Target and Kmart would be merging some of their back-office operations including procurement. Some Target stores would be converted to Kmart stores while other Target and Target Country stores would be closed. As of 2020 , Target had 284 stores throughout Australia: 191 Target stores, and 93 Target Country stores. In May 2020, further store closures and consolidations were announced with up to 1,300 employees moving to other Wesfarmers businesses. The large restructuring of Target Australia,
365-416: A general knowledge quiz show, Coles £3000 Question (later Coles $ 6000 Question and Coles $ 7000 Question ) which aired on Channel 7 . In 2010, Coles launched a new sub-slogan, "Down Down, Prices Are Down", featuring a large red cartoon hand pointing downwards to symbolise the chain's low price policy. The slogan incorporated the tune of " Down Down ", a 1975 hit by British rockers Status Quo . In 2011,
438-474: A guarantee that the deal would go ahead. A second proposal of $ 15.25 per share in October 2006 was rejected for largely the same reasons. In November 2006, long-term senior supermarkets executive Peter Scott was dismissed for an unspecified breach of the company's code of conduct. On 23 February 2007, the company announced a downgrade of expected earnings and that it was considering ownership options, including
511-498: A larger Target store. By 2001, all Fosseys stores located close to Target stores were closed; the remaining Fosseys stores, rebranded as Target Country, continue to focus on apparel sales in smaller towns without full-merchandise Target stores. The first Fosseys store to be rebranded as Target Country, was Target Country Wonthaggi (Relocated to a larger space, now Kmart) As of 1 July 2007, employees of Fosseys (Australia) Pty Ltd were transferred to Target Australia Pty Ltd, and Fosseys as
584-436: A larger range of baby products. Baby Target stores originally located in a number of locations in Australia including Werribee , Narre Warren , Northland, Victoria , Newcastle , Campbelltown and Golden Grove . Another format tried by Target was the homewares-themed store Target Home , introduced in 1998 but discontinued in 2000s. Target Home stores have since been phased out to become larger Target stores, and still stock
657-604: A larger range of homewares in a number of locations in Australia including Joondalup and Westfield Carousel in WA, Edwardstown in SA, Highpoint (now Kmart) and Greensborough Plaza in VIC, and Westfield Warringah Mall (now Kmart) in NSW. In March 2007, Target launched a 42-piece winter collection designed by Stella McCartney and Britney Spears . A number of metropolitan stores sold out of
730-507: A public company on the Australian Securities Exchange under the trading code COL, debuting at A$ 12.49. At the time of listing, the company included 806 Coles Supermarkets , 712 Coles Express outlets, 894 liquor stores including Liquorland , Vintage Cellars and First Choice Liquor , Coles-branded financial services and 88 Spirit Hotels, as well as joint-ownership of the flybuys loyalty program. Subsidiaries of
803-531: A recognised brand for its fuel offer. In 2002, Coles Myer sold Red Rooster to Western Australian company Australian Fast Foods . On 17 August 2005, Coles Myer announced that within 12 months, it would decide to demerge, divest or retain Myer. Thirteen expressions of interest were made for all or part of Myer. On 13 March 2006, Coles Myer announced it would sell Myer to a consortium controlled by US private equity group Newbridge Capital . The consortium also included
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#1732771881561876-422: A store directly competing with Kmart and Big W , to a more stylish, up-market, but still value-for-money, alternative to speciality stores. Store fittings and layouts were altered to reflect this change and whole departments such as self-service confectionery and home decorator (paint) were removed from all stores. In 2006, Target appointed Launa Inman as managing director. She was named Telstra Businesswomen of
949-664: A store in Ouyen, Victoria , but moved to Geelong to increase the opportunity for growth. The company progressively established stores throughout Victoria , running with a policy of selling quality goods at half the normal rate of profit. In 1968, Myer Emporium purchased the chain of 16 stores and renamed the company Lindsay's Target. They moved into the South Australian market with the first "Target" store opening in Newton, South Australia in October 1970 with an aim to expand
1022-400: Is a result of its parent company Wesfarmers, claiming that a changing retail landscape in which consumers are opting for "cheap and cheerful" products, mixed with some high-end purchases. The store closures and conversions were expected to last from early 2020 to early-mid 2021. The proposed changes were as follows: Despite its great brand recognition, Target as a large-format retail offering
1095-456: Is also pushing their online presence since the major closures. Each state and territory have at least two Target stores: Fosseys was established in 1926 at George Street, Sydney by Alfred Bristow Fossey and grew to 148 stores throughout Australia, with an annual turnover of $ 300 million. As part of the acquisition of Grace Bros , which had purchased JB Young's of Queanbeyan who owned Fosseys, Coles Myer came to own Fosseys. Coles Myer used
1168-534: Is an Australian supermarket, retail and consumer services chain, headquartered in Melbourne as part of Coles Group . Founded in 1914 in the suburb of Collingwood by Sir George Coles , Coles currently operates 846 supermarkets throughout Australia, including several now re-branded Bi-Lo stores. Coles has over 120,000 employees and accounts for around 27 per cent of the Australian market. Coles Online
1241-567: Is located in the Melbourne suburb of Williams Landing which the company moved to in 2018. Despite the identical logo, name and similar type of outlets, Target Australia carries no direct relation or affiliation to the American retailer Target Corporation . In 1926, George Lindsay and Alex McKenzie opened their first store in Geelong selling dress fabrics, bedding and furnishings. Lindsay began his retail empire five years earlier, running
1314-513: Is owned and operated in partnership with broadcaster Nova Entertainment and adopts a hot adult contemporary format, featuring a playlist consisting of pop hits from the 80s, 90s, 00s and current hits. The station has one announcer, Meg Alexander, throughout the workday from 9am-4pm. The station is also available outside stores via Coles' website, the Nova Player app and on DAB+ digital radio, making it accessible in many newer car models. On
1387-481: Is the company's online shopping ('click & collect' and home delivery) service. Between 1986 and 2006, Coles Supermarkets was a brand of Coles Myer, later Coles Group , prior to Wesfarmers purchasing Coles Group in 2007. It became a subsidiary of Coles Group again after Wesfarmers spun-off the business in November 2018. In 2020, Coles changed its slogan to "Value the Australian way". George Coles learned
1460-667: The Australian Securities Exchange . In August 1985, the Myer Emporium Ltd and GJ Coles & Coy Ltd merged, becoming the largest ever Australian Corporation. The official name change to "Coles Myer Limited" followed in January 1986. The U.S. Kmart Corporation continued to hold shareholding in the merged company until Kmart sold its 21.5% stake in November 1994. A new head office opened in 1987 at Hawthorn East , Melbourne . As of 2022, it remained
1533-731: The NYSE (de-listed 6 January 2006), the New Zealand Stock Exchange (de-listed 1989) and the London Stock Exchange . In April 2006, Coles Myer acquired Pharmacy Direct for $ 48 million, controversially using Pharmacy Direct's corporate license to skirt laws restricting ownership of pharmacies to qualified pharmacists. The Pharmacy Guild of Australia brought a case against Coles to the New South Wales Supreme Court . In September 2008,
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#17327718815611606-567: The "Target" discount department store group, now carrying over its leading position of quality soft goods to the larger Target discount department store format, while maintaining its base in Geelong. By 1982, Myer was operating 27 stores under the Target brand, but sold 22 of them, with 14 going to GJ Coles & Coy Ltd . In August 1985, Myer Emporium Ltd and GJ Coles & Coy Ltd merged to become Coles Myer Limited . In 1996, Coles Myer merged
1679-484: The ACCC was investigating both Coles and Woolworths over accusations that they used improper market practices to force down prices from suppliers. These accusations further intensified on a February 2024 episode of news program Four Corners , which exposed accusations of price gouging between both Coles and Woolworths Supermarkets , which form an alleged duopoly colloquially known as Colesworth. Coles and Woolworths,
1752-468: The Court ordered Coles to sell the business, which it did in early 2009. In August 2006, Coles announced that a group of private equity companies led by Kohlberg Kravis Roberts & Co. (KKR) was looking to buy the company, with an initial proposal of $ 14.50 per share. The Coles board rejected the offer stating it significantly undervalued the company, and was conditional on a due diligence process, without
1825-568: The DAB+ platform, it is often the number one station nationally. Coles has been accused by suppliers of using heavy-handed tactics when dealing with its suppliers. A 2004 investigation by the Australian Competition & Consumer Commission did not result in any action being brought against Coles and Woolworths . A 2012 investigation in which suppliers were offered anonymity is believed to have uncovered unethical practices. In 2013,
1898-632: The Fossey’s brand to unify a range of smaller variety stores trading under a range of other names, including Coles Variety stores, which had been the foundation of GJ Coles & Coy Ltd . Coles Myer merged the operations of Fosseys with Target in 1996, redesigning Fosseys stores to focus on family apparel retailing in rural Australia. It also introduced Fosseys branded merchandise with attributes of value, convenience and confidence. Fosseys stores began converting to Target Country in 1999, along with Fosseys stores being closed when they were in close proximity to
1971-418: The Myer family, who held a 5% stake. The sale was completed for A$ 1.4 bn on 2 June 2006. Coles Myer changed its name to "Coles Group Limited" in November 2006. Coles Group Limited also changed its listed code on the Australian Securities Exchange from CML to CGJ, which references back to its first ever registered company name of G.J. Coles & Coy Proprietary Limited. The company has in the past been listed on
2044-428: The Target and Fosseys brands, and their first speciality store Baby Target was established. Then in 1998, their second speciality store, Target Home opened. Fosseys stores were later renamed Target Country, becoming the third speciality store under the Target name. In 2001, Target announced its first ever loss, to the sum of $ 43m. A new senior management team replaced the former, with Target repositioning itself from
2117-902: The US. The first store opened in the Melbourne suburb of Burwood in 1969. In 1978, Kresge (Kmart) exchanged its 51% stake in Kmart Australia for a 20% stake in G.J. Coles & Coy Coles, allowing Coles to fully acquire Kmart Australia. By the 1980s, Coles primarily operated supermarkets, whilst Myer operated the department store chains Myer and Grace Bros , as well as the Target discount variety store chain in Australia, and fast food restaurant chain Red Rooster (which it acquired in 1981). Both Coles and Myer grew throughout Australia through growth and acquisitions, and both independently listed on
2190-612: The Year in 2003, as a result of her achievements as an apparel retail buyer for the company. Her work saw Target's $ 32 million loss at the end of 2000 turn into a $ 68 million profit 18 months later. Prior to its November 2007 takeover of Coles Group, Wesfarmers stated in August 2007 that it would consider converting some Kmart stores to the Target brand. In May 2009, Target stopped providing free plastic bags for its customers, but in 2013 reversed this decision. In November 2011, Dene Rogers,
2263-474: The business. The new discount department store quickly established itself throughout Australia, and within three years had stores in Victoria, South Australia , Queensland and New South Wales . In March 1973, "Lindsay's" was dropped from the company name and the business was renamed Target Australia. The mainly Victorian-based "Lindsay's" stores, with the positioning of "Sell it for Less", were rolled into
Coles Group - Misplaced Pages Continue
2336-412: The campaign was revised to the fit the tune of Petula Clark's 1964 hit " Downtown ". but reverted to "Down Down" later in the year. In 2012, it used Status Quo, which originally recorded the song in 1975, singing and speaking in the newest ad in the series. In February 2016, Coles updated the "Down Down" campaign again, to the tune of That's Amore ("it's a Down Down"). In May 2017 the "Down Down" campaign
2409-529: The chain to pay $ 10 million in penalties. In 2015, the Federal Court of Australia fined Coles $ 2.5 million for making misleading claims in relation to the sale of its par-baked bread products. In September 2024, the Australian Competition and Consumer Commission brought legal action against Coles, accusing the supermarket of misleading customers on discounts through their Down Down promotions. Coles has several generic or private label brands : In
2482-406: The company appointed John Fletcher , formerly of Brambles , as chief executive. Fletcher engineered a brief turnaround in the company's fortunes. Fletcher abolished the shareholder discount card, on the basis that it had eroded margins while providing little benefit, and was unpopular with institutional investors. Since their introduction in the early 1990s, the card had induced a tenfold increase in
2555-586: The company. From mid 2006, many Bi-Lo supermarkets were badged as Coles Supermarkets. Newmart supermarkets, under which Bi-Lo traded in Western Australia , were 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. The conversion program was put on hold at Easter 2007. In July 2007, Wesfarmers agreed terms to purchase Coles Group for $ 22 billion. The purchase
2628-778: The deal. In May 2020, Coles completed the acquisition of Jewel Fine Foods, one of its suppliers of ready-to-eat meals, after the company went into administration in April 2019. In September 2022, Coles announced that it would sell its Coles Express stations to Viva Energy for $ 300 million. The deal was completed in May 2023. In April 2023, Coles announced its intention to purchase two milk processing plants from Saputo Inc. for $ 105 million. In February 2024, Coles Liquor reached an agreement to acquire 20 9/11 liquor stores in Tasmania from Federal Group . Coles Supermarkets Coles Supermarkets Australia Pty Ltd , doing business as Coles ,
2701-508: The exit of Coles Group from its head office base at Tooronga. The independent expert report published in October 2007, advising shareholders preparatory to the proposed sale was critical of the culture within Coles Group. At a shareholder meeting in Melbourne on 7 November 2007, shareholders voted overwhelmingly with 99.25% approval of the sale of Coles Group to Wesfarmers. The Scheme of Arrangement between Coles Group and its shareholders
2774-477: The fashions and homewares of Target, which were increasingly popular and on price. Stores were refitted and mimicked the appearance of a larger Target store, along with the replacement of the Fosseys POS to Target “touchscreen” POS. As part of Target's 2020 restructuring Target Country stores have been closed or converted. The last Target Country store, Target Country Salamander Bay (NSW), closed its doors for
2847-536: The first Megamart store, in Coorparoo , Queensland . Harris Technology, a computer hardware and software reseller started by Ron Harris in 1986, was acquired in 1999. By 2001, Coles Myer planned to expand the Megamart chain of furniture and electrical stores, but by 2005 had decided to divest the struggling chain. Six of the nine stores were sold to competitor Harvey Norman , with the remainder closed. In 2001,
2920-520: The first store opening in the Melbourne suburb of Richmond in June 1994. This represented a successful introduction of a " category killer " – by comparison, around the same time Coles unsuccessfully attempted to negate the arrival of Toys "R" Us with the short-lived chain World 4 Kids. In 1996, the operations of Target and Fosseys (earlier "Coles-Fossey") merged and the first Baby Target speciality store
2993-532: The former chief executive of North American retailer Sears Canada , replaced Inman as Target's managing director. However, by April 2013 Rogers had been replaced by former chief operations director at Coles , Stuart Machin. In February 2016, Wesfarmers restructured Target and Kmart under a single department stores division known as the Kmart Group, headed by Kmart managing director Guy Russo. An accounting scandal that created $ 21 million in fraudulent profits
Coles Group - Misplaced Pages Continue
3066-532: The head office for Coles Group and associated subsidiaries. Bi-Lo was acquired by Coles Myer in 1987. It was a major supermarket chain and continued to be owned and operated by Coles Myer in parallel to Coles Supermarkets. Bi-Lo was rebranded to Coles from 2007, the last store rebranded in 2017. The office stationery chain Officeworks , based on the US chain Office Depot , was established in 1993 with
3139-402: The largest take-over bid in Australia. The sale was expected to be completed in October 2007. In August 2007, Wesfarmers foreshadowed its plans for the restructuring of Coles Group following its anticipated takeover, including investment of A$ 5 billion, establishing three separate divisions (including a combined Bunnings /Officeworks "big box" retailing division), the possible sale of Kmart, and
3212-477: The last time on 8 May 2021. Urban by Target was a format tried by Target initially at South Yarra , Victoria at The Jam Factory , after taking over a closed Virgin Megastore . The format was introduced in 2010, with a second location opening in 2011, at Flemington , Victoria at Flemington Village. A third location was also opened in 2011, at Pasadena , South Australia, at Pasadena Shopping Centre. The format
3285-486: The mid-1970s by the "famous five knights", brothers Sir George, Sir Arthur , Sir Edgar, Sir Kenneth and Sir Norman – known by their first initials – GJ, AW, EB, KF, NC. In 1960, the first supermarket was opened in the Melbourne suburb of Balwyn North and in 1973, a Coles store had been established in all capital cities of the country. Kmart Australia Limited was born out of a joint venture between G.J. Coles & Coy (Coles) and S.S. Kresge (later Kmart Corporation ) in
3358-427: The month of February they launched new ads that told a story of daily struggles of life and ended with the catch phrase such as "That's quality. That's Target". In July 2023, Wesfarmers announced it would reorganise Target and Kmart internally and run them as one combined business. There are currently 124 Target department stores located throughout Australia that stock the full range of Target's products. Target
3431-420: The next few years: "Something better every day", "Proudly Australian since 1914" (introduced with its TV sponsorship of the 2008 Summer Olympics ), "Cutting the cost of your shopping", "Quality food costs less at Coles" and "It all counts". The slogan "Good things are happening at Coles" was rolled out in 2018, and its current slogan "Value the Australian way" was employed in 2020. In the 1960s, Coles sponsored
3504-428: The number of Coles Myer's shareholders, with the overwhelming majority owning only small parcels of shares. Fletcher also engineered the acquisition of the retail fuel operations of Shell Australia with the fuel outlets rebranded as Coles Express , allowing Coles Group to counter the success of Woolworths' discount petrol operation. Woolworths subsequently gained entry to part of Caltex Australia's network to provide
3577-537: The past Coles had a variety of private labels including Smart Buy, Simply Less, Simply Gluten Free, Savings, Mix, Farmland and Embassy. Fosseys Target Australia Pty Ltd (formerly Lindsay's and Lindsay's Target , formerly stylised as Target. and doing business as Target and Target Australia ) is a department store chain owned by Australian retail conglomerate Wesfarmers . Target stocks clothing, cosmetics, homewares, electronics, books, and toys selling both in-store and online. The company's head office
3650-501: The possibility of a full sale of the business or restructuring such as a demerger . On 20 March 2007, it deferred its plans to rebrand Kmart under the Coles banner and create supercentres, and subsequently paused its conversion of Bi-Lo stores to Coles Supermarkets given the lack of success of this move. On 23 March, Coles Group stated it planned to sell its businesses as either an entire package, or in three parts (Officeworks, Target and
3723-410: The previous Coles Group such as Kmart, Target and Officeworks remain as subsidiaries of Wesfarmers. In March 2019, Coles and Australian Venue Co. established a joint venture (Queensland Venue Co) where AVC would take over operations of the Coles' Spirit Hotels and receive its profits while Coles would run the group's liquor stores and receive its profits. Coles received $ 200 million from AVC as part of
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#17327718815613796-409: The range as soon as 10 minutes after opening, and items from the collection soon began appearing for sale on eBay at inflated prices. Another Stella McCartney collection was released in October 2010, to lesser fanfare. In May 2007, Target announced its next designer range from Goot to a mixed reaction, and subsequently produced a collaboration with American designer Zac Posen in April 2008. In
3869-624: The range. In 2018 Wesfarmers announced its intention to demerge the Coles business, seeking to retain only a 20% interest going forward. In 2018, Steven Cain was appointed as CEO of the Coles Supermarket brand as part of the demerger of Coles from Wesfarmers. Coles deployed its first electric truck in April 2022. The first fully electric delivery vans followed in August 2023. In April 2023, Coles opened its first Witron-powered automated distribution centre in Redbank, Queensland . In
3942-448: The remaining businesses Kmart, Coles, Bi-Lo, Liquorland, Vintage Cellars and First Choice Liquor). On 3 April, Solomon Lew , the former chairman and long-time antagonist of the current board and management team, sold his 5.8% shareholding of the company. A large portion of these shares were bought by Wesfarmers , which was believed to be part of a consortium of bidders including Macquarie Bank , PEP and Permira . The share price at which
4015-503: The retail trade working for his father's 'Coles Store' business from 1910 to 1913. (The store continued operating as "The Original Coles" at Wilmot, Tasmania until it was destroyed by a fire on 24 January 2014. ) Coles itself was founded when George Coles opened the Coles Variety Store on 9 April 1914 on Smith Street in the Melbourne suburb of Collingwood . Further expansion occurred and Coles' interest in food retailing
4088-450: The same month, Australian fashion designer Collette Dinnigan released a range of lingerie labelled the 'Wild Hearts' collection. In February 2012, Target launched a line of lingerie designed by American burlesque dancer and model Dita Von Teese . Throughout 2012, Target also announced designer collaborations for children with Collette Dinnigan and Ksubi and Roberto Cavalli for women. Target Australia and Dannii Minogue partnered on
4161-665: The second half of 2024, two highly-automated 87,000 m (940,000 sq ft) customer fulfilment centres powered by Ocado technology were opened in Truganina, Victoria and Wetherill Park, New South Wales . A second Witron distribution centre was opened in Kemps Creek, New South Wales in August 2024, and construction of a third in Truganina was announced in October 2024. In the same month, Coles deployed their fully electric prime mover truck. Coles' original slogan
4234-623: The stores were rebranded Coles Supermarkets and from 1998, simply as Coles . In 2004, the liquor division office (Coles Liquor Group), was moved from Chullora in Sydney to the company head office in Hawthorn East , Melbourne. With Coles Myer CEO John Fletcher citing the move for better efficiency between the food and liquor departments. It also resulted in Craig Watkins (35-year veteran and director of Coles Liquor) retiring from
4307-459: The transaction took place was reportedly $ 16.47, then 2.2% above the market price. A bid for the entire company at this price would have valued Coles Group at A$ 19.7 billion, well above the two KKR proposals announced in 2006. In May 2007, Coles reported its slowest sales growth in at least seven years with continuing poor performance from Coles Supermarkets and Kmart. In July 2007, Wesfarmers announced it intended to buy Coles Group for $ 22 billion,
4380-417: The two largest supermarket chains in Australia responsible for controlling over 2/3 of the market share, have recently come under fire on accusations of price gouging . They have also been accused of allegedly forcing suppliers to increase their supplies in order to buy goods at lower prices, during a time which the economy is at the brink of entering a recession and people are facing a cost of living crisis. In
4453-417: Was "nothing over 2/6", when it was primarily operating variety stores. The slogan "You'll find the best value is at Coles New World" was used in the 1980s. The red/orange orb was used from 1991 to 2005, although store signs continued to use the orb up until the early 2010s. "Serving you better" was used as a slogan from 1998 to 2003, replaced by "save everyday", endorsed by actress Lisa McCune . A circled tick
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#17327718815614526-487: Was again refreshed with Australian Idol and reality TV contestant Casey Donovan with a new disco version of the advertisement. This was ultimately dropped in March 2018, with Coles commercials (mostly on its in-store radio known as Coles Radio) using Best of My Love by The Emotions, a hit disco song from 1977, instead. Coles Radio is the brand name for the in-store radio station heard across all Coles' supermarkets. It
4599-485: Was approved by the Supreme Court of Victoria on 9 November 2007, the last day Coles Group shares traded on the Australian Securities Exchange . The Scheme was implemented on 23 November 2007, ending Coles Group as a company with its subsidiaries merged into Wesfarmers' business structure. In November 2018, Coles Group Limited was spun-off from Wesfarmers on 21 November 2018, with the company once again listed as
4672-482: Was called the "Coles Variety Store" in Smith Street in the Melbourne suburb of Collingwood . More stores opened and the chain was regarded as the leaders in providing value to Australian shoppers. The building formerly occupied by the original Coles Variety Store is now the location of a Woolworths outlet – the major competitor to Coles. Coles was run in succession by members of the Coles family from 1914 until
4745-527: Was closed down permanently. Target Outlet was a format tried by Target in 2013 at the Target in Dandenong , Victoria at Dandenong Plaza . The format was discontinued around 2014. In 1996, Target introduced Baby Target as a standalone store format specifically for baby products. The concept had limited success and was ultimately closed down soon after 2007/2008 when Baby Target stores have since been phased out to become larger Target stores, and still stock
4818-623: Was completed in early 2008. 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. From 2008 to 2014, Coles was run by UK retailer Ian McLeod . In February 2011, Coles acquired National Australia Bank 's 50 per cent interest in Australia's largest loyalty program Flybuys , giving it 100% ownership. In September 2011, Coles commenced stocking private-label clothing in its stores with several stores receiving refits to accommodate
4891-456: Was opened, followed in 1998 by Target Home. In 1999, regional Fosseys stores were re-badged as Target Country, with metropolitan stores closed. Following Target's operating loss of $ 43m in 2001, the chain's format was repositioned to compete less with Kmart , Woolworths's Big W , Harris Scarfe and The Warehouse , and more with Myer, with a focus on "middle class" quality products, especially clothing and home wares. In 1998, Coles Myer opened
4964-437: Was owned by Wesfarmers from 2007 until 2018, when it was spun-off , with it once again listed as an independent public company on the Australian Securities Exchange , containing Coles Supermarkets, Coles Online , Coles Express , Coles' liquor division , Coles' financial division, and Flybuys . In 1914, the first Coles "variety store" was opened in Melbourne . Coles was founded in 1914 by George Coles when he opened what
5037-596: Was potentially cannibalising sales from sister group Kmart and didn't offer a great enough point of difference compared to Myer and David Jones . On Target Australia's website, they attributed the cause of the closures as "improving the commercial viability of the business and to support the thousands of people we employ... we need to adapt our business — to make it smaller, more focused, less complex and more digitally enabled so we can better serve our customers both in store and online." In early 2022 Target had launched their new rebrand which they called "That's Target". Over
5110-451: Was reported on 11 April 2016. Although it is not believed CEO Stuart Machin orchestrated or ordered the accounting irregularities, he took the blame for the scandal and departed Target. In June 2016, at a Wesfarmers annual strategy briefing Guy Russo announced that Target would be exiting toy sales, pet care, and luggage. In the same year Target saw a loss of $ 195 million. According to Mr Russo, 20% of Target's 305 stores would be closed over
5183-432: Was smaller than a traditional Target department store and was focused on clothing and home wares. The location at Flemington was closed down, followed by Pasadena, which remained but converted into a traditional Target department store and was eventually converted to South Australia's first TK Maxx store. South Yarra was renovated with the new logo, in black instead of red for the iconic Target symbol, although this location
5256-848: Was spurred in 1958 when it acquired 54 John Connell Dickins grocery stores. It then acquired the Beilby's chain in South Australia in 1959 and 265 Matthews Thompson grocery stores in New South Wales in 1960. In 1960, the first supermarket (trading under the Dickins name) was opened in the Melbourne suburb of Balwyn North , at the corner of Burke and Doncaster Roads where a modernised version continues to operate. By 1973, Coles had established stores in all Australian capital cities. From 1962, its supermarkets were branded Coles New World with accompanying Space Age-themed imagery. In 1991,
5329-440: Was used as a logo device from 2003 to 2007, replacing the orb as a primary device in 2005. "Save everyday" was later changed to the grammatically-correct "save every day". In 2007, the slogan and circle tick were discontinued with simply the Coles name used in preparation for a new red ball logo to match proposed Coles Group livery, which was shelved later in the year as the business was sold. A number of tag lines were employed in
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