
Major Coles move to take on Chemist Warehouse, Bunnings, Amazon after $400 million loss: Stood still
Coles is beefing up one particular section of its supermarket empire to take on rivals that aren’t Woolworths or Aldi. Chemist Warehouse, Bunnings and Amazon have been soaking up the health, beauty and household categories while the grocery giants fight it out on food and other essentials.
Coles lost an estimated $400 million to these other rivals in this sector, and it is making some changes to get a bigger piece of that pie. Leanne White has been appointed the supermarket’s new general manager for health and home, and she revealed Coles’ recent “step change”.
“We have all been working with a real supermarket lens on how to execute our offer and potentially have not lifted our eyes enough on the broader market set,” she said.
“We have also lost sight of the importance of health and home. The reality is we have stood still … we really, really need to lift our eyes.”
The health, beauty and household category is a large sector to tackle.
It includes items like makeup, supplements, cleaning products, and everything in between.
Bunnings and even The Reject Shop became unlikely sellers of household goods like laundry detergent and dishwashing liquid, with their prices often decently lower than Coles and Woolworths.
Meanwhile, there has been no shortage of articles raving about beauty items that have been selling out left, right, and centre at Chemist Warehouse, which has massively expanded its beauty and fragrance ranges.
Author Credits- Stewart Perrie
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