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Coles Myer Limited is an Australian public company which operates a number of retail chains. It is Australia's second largest retailer, behind Woolworths Limited. The company is currently preparing to change its name to Coles Group Limited after the recent sale of Myer. The name change is subject to shareholder approval at the company's Annual General Meeting which will be held in November 2006, it is likely to go ahead. Wikipedia does not have an article with this exact name. ... Woolworths Limited, or Woolies (as it is colloquially known) is a large Australian retail corporation. ...

Coles Myer Limited
Type	Public (ASX: CML)
Founded	As a business - 1900 As a public company - 1929 As Coles Myer - 1986
Headquarters	Melbourne, Australia
Key people	John Fletcher, CEO Richard Allert, Chairman
Industry	Retail
Products	Coles Supermarkets Coles Express (Shell convenience stores) Coles Central BiLo Supermarkets (Currently being rebranded as Coles) Pick 'n Pay Hypermarkets Liquorland (Soon to be rebranded as Coles) Vintage Cellars (Soon to be rebranded as Coles) 1st Choice Liquor (Soon to be rebranded as Coles) Officeworks Kmart (Soon to be rebranded as Coles) Kmart Garden Supercentre Kmart Tyre & Auto Service Tyremaster Target Target Country Target Home Harris Technology
Revenue	$36.6 billion AUD (2005)
Employees	190,000+ (2006)
Slogan	"To be Australia's number one retailer in all our brands"
Website	www.colesmyer.com

Image File history File links Coles_Myer. ... The Australian Stock Exchange (ASX) is the primary stock exchange in Australia. ... 1900 (MCM) was an exceptional common year starting on Monday of the Gregorian calendar, but a leap year starting on Saturday of the Julian calendar. ... 1929 (MCMXXIX) was a common year starting on Tuesday (link will take you to calendar). ... 1986 (MCMLXXXVI) was a common year starting on Wednesday of the Gregorian calendar. ... Image File history File links Flag_of_Australia. ... Melbournes Yarra River is popular area for walking, jogging, cycling, rowing and for relaxing on the banks with a picnic Melbourne (pronounced either or [1]) is the second most populous city in Australia, with a metropolitan area population of approximately 3. ... John Fletcher is the CEO of Coles Myer Ltd. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Richard (Rick) Allert is a businessman in Australia, who is currently the Chairman of Coles Myer. ... A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Drawing of a self-service store. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... ISO 4217 Code AUD User(s) Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Cocos (Keeling) Islands, and Norfolk Island Inflation 4% (Australia only) Source Reserve Bank of Australia, June 2006 Subunit 1/100 cent Symbol $ or AUD Coins 5c, 10c, 20c, 50c , $1, $2 Banknotes $5, $10, $20, $50, $100 Central... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... Look up Slogan in Wiktionary, the free dictionary. ... This page as shown in the AOL 9. ...

Early History

Myer

Myer's history dates back to 1900 when Sidney and Elcon Myer opened a store in Bendigo. 1900 (MCM) was an exceptional common year starting on Monday of the Gregorian calendar, but a leap year starting on Saturday of the Julian calendar. ... Sidney Baerski Myer, born Simcha Baevski , (February 8, 1878 Russia. ... This article or section does not cite its references or sources. ...

In 1925, George Lindsay and Alex McKenzie started to launch stores across Victoria that sold dress fabrics, manchester and furnishings, with the first one in Geelong. They had a policy, (that is still used now) "Half the Profit, Twice the Turnover". By 1968 they had 14 stores across Victoria. Myer Emporium Ltd.(now Coles Myer), bought it and the company was renamed Lindsay's Target Pty Ltd. In March, 1973 it was renamed again, into, Target Australia Pty Ltd. 1925 (MCMXXV) was a common year starting on Thursday (link will take you to calendar). ... George Lindsay may refer to: George Henry Lindsay, a United States Representative from New York George Washington Lindsay, a U.S. Representative from New York and son of George Henry Lindsay Category: ... Emblems: Pink heath (floral)Weedy Seadragon (Aquatic) helmeted honeyeater (bird) Leadbeaters possum (faunal) Motto: Peace and Prosperity Slogan or Nickname: Garden State, The Place To Be, On The Move Other Australian states and territories Capital Melbourne Government Const. ... Moorabool St, Geelong A view of Corio Bay from Moorabool Street. ... 1968 (MCMLXVIII) was a leap year starting on Monday (the link is to a full 1968 calendar). ... 1973 (MCMLXXIII) was a common year starting on Monday. ...

Coles

Separately, in 1914, the first Coles "variety store" was opened in Melbourne. Coles was founded in 1914 by George Coles when he opened what was called the "Coles Variety Store" in Smith Street in the Melbourne suburb of Collingwood. Expansion to more stores occurred and the chain was regarded as the leaders in providing value to Australian shoppers. 1914 (MCMXIV) was a common year starting on Thursday. ... 1914 (MCMXIV) was a common year starting on Thursday. ... Melbournes Yarra River is popular area for walking, jogging, cycling, rowing and for relaxing on the banks with a picnic Melbourne (pronounced either or [1]) is the second most populous city in Australia, with a metropolitan area population of approximately 3. ... Collingwood is an inner city suburb in Melbourne, Victoria, Australia. ...

Proposed Coles group logo

In 1960, the first supermarket was opened in Melbourne suburb, North Balwyn and in 1973, a Coles store had been established in all capital cities of the country. Image File history File links Coles_Group_Limited_Logo. ... Image File history File links Coles_Group_Limited_Logo. ... 1960 (MCMLX) was a leap year starting on Friday (the link is to a full 1960 calendar). ... Balwyn North is a suburb of Melbourne, Australia, in the state of Victoria. ... 1973 (MCMLXXIII) was a common year starting on Monday. ...

Kmart Australia Limited was born out of a joint venture between G.J Coles & Coy (Coles) and Kmart Corporation in the US. The first store opened in the Melbourne suburb of Burwood in 1969. Sears Holdings Corporation (NASDAQ: SHLD) is the fourth largest retailer in the United States, behind Wal-Mart, The Home Depot, and Kroger [1]. It was formed in 2005 with the purchase of Sears, Roebuck and Company of Hoffman Estates, Illinois by Kmart Holdings Corporation of Troy, Michigan. ... Burwood refers to these places in Australia: Burwood, Victoria, a suburb of Melbourne Burwood, New South Wales, a suburb of Sydney Burwood railway station in Melbourne This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ...

In 1978 Coles (later Coles Myer) acquired full ownership of the Australian K-Mart operation and in 1994 bought back all shares Kmart Corporation held in Coles.

A long-term licensing agreement allows Coles Myer to use the Kmart name. Kmart New Zealand shares merchandise and branding with Kmart Australia, and is owned by Coles Myer Holdings New Zealand.

In Australia, BI-LO was established by John Weekes in Adelaide during the late 1970s. It is a major supermarket chain owned and operated by retail giant Coles Myer in parallel to Coles Supermarkets. It has more than 200 stores in Australia. Adelaide is the capital and most populous city of the Australian state of South Australia, and is the fifth largest city in Australia, with a population of over 1. ... The 1970s decade refers to the years from 1970 to 1979, inclusive. ... Coles Supermarkets are an Australian supermarket chain owned by Coles Myer Ltd. ...

In 1996, BI-LO acquired the six-store Newmart discount supermarket chain in Western Australia which then became the equivalent to BI-LO in Western Australia. By August 2002, it grew to 16 stores before being transferred to the management and being rebranded as Coles (although there are still a number of stores carrying the Newmart brand in Perth). Coles Supermarkets are an Australian supermarket chain owned by Coles Myer Ltd. ...

Since its humble beginning, Coles Supermarket stores have expanded in size, service and convenience.

Merger

Both chains grew throughout Australia through growth and acquisitions, and both independently listed on the Australian Stock Exchange. The Australian Stock Exchange (ASX) is the primary stock exchange in Australia. ...

By the 1980s, Coles primarily operated supermarkets, whilst Myer operated a chain of mid-market department stores, as well as the Target Discount variety store chain in Australia. 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 examples and perspective in this article or section may not represent a worldwide view. ... Exterior of typical European supermarket (a Tesco Extra) Exterior of typical North American supermarket (a Safeway) A typical supermarket in Hong Kong. ... The interior of a typical Macys department store. ... Target Australia Pty Ltd is an Australian company that operates the 250-store Target department store chain. ... 1985 (MCMLXXXV) was a common year starting on Tuesday of the Gregorian calendar. ... 1986 (MCMLXXXVI) was a common year starting on Wednesday of the Gregorian calendar. ...

After the Merger

Officeworks is an Australian office stationery store, which was established in the early 1990s by Coles Myer. Officeworks is based on the US chain Office Depot, using their concept as a one stop office store. The first Officeworks opened in the inner city suburb of Richmond in Melbourne in June 1994. Its mid-1990s TV commercials were popular, including the Taking Care of Business theme and the Back to School Savings commercial. In 1994-1995 Officeworks opened more stores throughout Melbourne in Fitzroy, Chadstone and Ringwood. Officeworks now has more than 90 stores in Melbourne, Sydney, Brisbane, Adelaide and Perth. Office Depot (NYSE: ODP) is one of the worlds leading suppliers of office products and services. ... Richmond is a suburb of Melbourne, Victoria, Australia. ... Melbournes Yarra River is popular area for walking, jogging, cycling, rowing and for relaxing on the banks with a picnic Melbourne (pronounced either or [1]) is the second most populous city in Australia, with a metropolitan area population of approximately 3. ... Fitzroy is a suburb of Melbourne, Victoria, Australia. ... Chadstone is a suburb in Melbourne, Victoria, Australia. ... Ringwood Clocktower Ringwood is a suburb in Melbourne, Victoria, Australia. ... Melbournes Yarra River is popular area for walking, jogging, cycling, rowing and for relaxing on the banks with a picnic Melbourne (pronounced either or [1]) is the second most populous city in Australia, with a metropolitan area population of approximately 3. ... This article is about the metropolitan area in Australia. ... Brisbane (pronounced ) is the capital and most populous city of the Australian state of Queensland, and is the third largest city in Australia, with a population of just under 2. ... Adelaide is the capital and most populous city of the Australian state of South Australia, and is the fifth largest city in Australia, with a population of over 1. ... Perth is the capital of the Australian state of Western Australia. ...

In 1996, Target Australia and Fosseys merged together, and their first speciality store Baby Target was born. Then in 1998, their second speciality store, Target Home opened. Their third speciality store, Target Country opened a year later. In 2001 Target Australia announced its first ever loss, to the sum of $43m. New senior management was put in place, and Target has since repositioned itself in the market from a discount department store (competing with Coles Myer stablemate Kmart and Woolworths Limited's Big W), to a stylish, value-for-money alternative to a selective store. Store fittings and layouts have been altered, and Target now competes with retailers such as Jeans West, Sportsgirl, and various other specialty stores targeted at the teenage, to early thirties market. 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... Kmart store at Kurralta Park in Adelaides western suburbs. ... Woolworths Limited, or Woolies (as it is colloquially known) is a large Australian retail corporation. ... To meet Wikipedias quality standards, this article may require cleanup. ...

In 1998, Myer open the first Megamart store, in Coorparoo, Queensland. 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... Coorparoo Primary School Coorparoo is a southern suburb of Brisbane, Queensland, Australia. ...

Harris Technology was started by Ron Harris on 6th October 1986. After a trip to the USA it became apparent that the IT Retail market in Australia would be receptive to a Computer Superstore. Harris Technology opened their first Superstore in North Sydney under the Bayer Building (formerly Mann Building then Konika Building), with a downstairs call centre. 1986 (MCMLXXXVI) was a common year starting on Wednesday of the Gregorian calendar. ...

Coles Myer acquired Harris Technology on 1st April 1999. 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Old Farts by the Sometimes-United Nations. ...

Harris Technology has since expanded with Superstores in 5 states and a national website covering in excess of 25,000 line items (as of Aug 2003). The Australian States and Territories make up the Commonwealth of Australia under a federal system of government. ...

2001 saw Coles Myer announce plans to expand the Megamart chain of furniture and electrical stores. However, by 2005, Coles Myer announced plans to divest Megamart due to poor performance. All stores stopped trading on 13 November. Out of the nine stores, six were bought out by Harvey Norman while the remaining three are to remain closed. 2001: A Space Odyssey. ... A Shaker rocker, or rocking chair. ... The article on electrical energy is located elsewhere. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... November 13 is the 317th day of the year (318th in leap years) in the Gregorian Calendar, with 48 days remaining. ... A Harvey Norman superstore in Australia. ...

On Monday 13th of March, 2006, Coles Myer announced it would sell Myer to a consortium including the Myer family, who hold a 5% stake, which is largely controlled by US private equity group Newbridge Capital, part of the Texas Pacific group. The new owners, who have also secured the freehold on the flagship Bourke Street store, have indicated that they will not radically change the business, at least in the short term, and have no plans to redevelop the Bourke Street site as this would impact too heavily on profitability during the construction period. Texas Pacific also have interests in UK department store Debenhams and high-end US retailer Neiman Marcus. Management expertise from these retailers will be used to refine Myer's approach. This sale was completed on the 2nd of June 2006 and full control has been handed over since. 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... The Texas Pacific Group (commonly referred as TPG) is a private equity investment firm founded by David Bonderman, James Coulter and William Price in 1993. ... Debenhams plc (LSE: DEB) is a retailer with a chain of department stores based in the United Kingdom. ... Categories: Stub | Retail companies of the United States ...

Businesses

The company operates a number of chains of retail outlets, including:

• Coles Supermarkets: the second largest supermarket chain in Australia.
• Bi-Lo: a budget supermarket chain. Until 2001, Bi-Lo also had stores in Western Australia trading under the name Newmart. In August 2006 it was announced that all Bi-Lo stores would either be rebranded as a Coles Supermarket or be divested by the end of 2006.
• Liquorland: bottle shops , some of which are attached to Coles or Bi-Lo Supermarkets, but are still run separately - i.e. have their own store manager and staff. The supermarket has nothing to do with the running or control of Liquorland. Liquorland also runs hotels, through its Liquorland Hotel Group subsidiary. Other trading entities within the Coles Myer Liquor Group include "Vintage Cellars", a more wine oriented store and 1st Choice Liquor, an attempt to counter the dominance of the Dan Murphy's chain of discount wine merchants. All stores are to be rebranded to the Coles brand, probably under the new name of "Coles Liquor".
• Pick 'n Pay Hypermarket: are huge superstores which sell everything from fresh fruit & vegetables, meat, dairy, bakery and deli items, groceries, clothing, electrical appliances, hardware, white goods, sporting goods, toys, gardening etc all under one roof. There are currently two stores both located in Brisbane at Sunnybank Hills and Aspley. These stores will most likely become Coles Superstores at the end of 2007.
• Kmart: discount store, roughly equivalent to Wal-Mart stores in the United States. When opened in 1969 Kmart Australia was 51 percent owned by the US S.S. Kresge Company (later Kmart Corporation), but by 1994, Kmart Corporation had divested any remaining interest. Kmart also operates the Kmart Tyre and Auto brand, Australia's largest automotive servicing company. Until September 2006, Kmart also operated the Garden Supercentre brand, but these stores were sold off and closed at the end of September. In August 2006 it was announced that the Kmart name would be replaced by the Coles brand by late 2007. Starting from September 2007 around 40 stores, mostly former 'Super K' stores, which were divided last decade into separate Coles and Kmart stores, will become Coles Superstores. At least 20 other stores will be converted to Target stores with the remainder to become Coles General Merchandise stores.
• Officeworks: Big Box office supplies outlets.
• Target: affordable discount department stores, including clothing, manchester (linens), cosmetics, toys, electrical and electronics goods. "Target Country" is the result of rebranding of a chain formerly known as "Fosseys", and operates in country towns with smaller stores selling a subset of the range. Target Australia is not related to Target U.S.A
• Harris Technology: Information Technologies reseller.
• Coles Express: rebranded Shell service stations offering convenience stores with discounted fuel products. Before Coles Myer Ltd took over Shell service stations, Coles Express was the name used for smaller, inner-urban Coles supermarkets which are now known as Coles Central.
• Pharmacy Direct: Pharmacy products predominantly ordered online, via mail, or phone in Australia. With current Australian legislation preventing chains from selling pharmacy products from within supermarkets themselves, Coles acquired Pharmacy Direct in late March, to ensure they have a presence in the market, should legistlation change in their favour.
• Coles Myer is also a partner, with the National Australia Bank, in Loyalty Pacific, a company which administers the FlyBuys loyalty card program.

Coles Supermarkets are an Australian supermarket chain owned by Coles Myer Ltd. ... In Australia, BI-LO was established by John Weekes in Adelaide during the late 1970s. ... LiquorLAND is a chain of shops in Australia that sell distilled and alcoholic beverages. ... A liquor store is a type of convenience store which specializes in the sale of alcoholic beverages, especially in regions (e. ... Woolworths Limited, or Woolies (as it is colloquially known) is a large Australian retail corporation. ... The name Coles has many meanings: Coles in business: Coles Supermarkets is a supermarket chain in Australia Coles Myer, owner of the Coles supermarket chain. ... Pick N Pay hypermarkets are a chain of hypermarkets in Brisbane,Queensland,Australia owned by Coles Myer. ... Kmart store at Kurralta Park in Adelaides western suburbs. ... Wal-Mart Stores, Inc. ... 1969 (MCMLXIX) was a common year starting on Wednesday (the link is to a full 1969 calendar). ... new Kmart logo Kmart Corporation was a US based corporation until it merged with Sears Holdings in November 2004. ... 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ... In finance and economics, divestment or divestiture is the reduction of some kind of asset, for either financial or social goals. ... Officeworks is an Australian office supplies store, which was established in the early 1990s by Coles Myer. ... Target Australia Pty Ltd is an Australian company that operates the 250-store Target department store chain. ... Target Corporation (NYSE: TGT) was founded in Minneapolis, Minnesota in 1962. ... Harris Technology Pty Ltd. ... Typical Coles Express It should be possible to replace this fair use image with a free one. ... Royal Dutch Shell PLC is a multinational oil company of Anglo Dutch origins, which is amongst the largest energy corporations in the world, and one of the six supermajors (vertically integrated private-sector oil, natural gas, and petrol (gasoline) companies). ... The National Australia Bank or nab (ASX: NAB, LSE: NAB, NYSE: NAB, TYO: 8637 ) colloquially the National or the NAB. The NAB is part of the NAB Group it is the largest bank in Australia and 28th largest in the world. ... FlyBuys is an Australian loyalty card program. ...

Future

Proposed Coles SuperCentre logo

• Coles Supercentres are expected to be a group of hypermarkets opening from September 2007 ( apart from one being built in an inner suburb of Melbourne). There are plans to open 80 hypermarkets around Australia in the next five years. Around 40 of these stores will be formed from former 'Super K' stores, which were divided last decade into separate Coles and Kmart stores. It is also expected that the current Pick 'n Pay Hypermarkets will become Coles Supercentres.

Image File history File links Coles-supercentre. ... Image File history File links Coles-supercentre. ... Coles SuperCenters are expected to be a chain of hypermarkets opening in late 2007. ...

Corporate issues

Despite its huge presence in the Australian retail industry, the company's profitability and share price performance has been spotty since the 1985 merger. The company's ex-flagship Myer stores have struggled to cope with the emergence of "category killer" retailers in many of its specialist areas, and also with a trend away from department store fashion and back towards smaller fashion retailers.

The company tried a number of category killers of its own with mixed success. The Officeworks format was very successful, while World 4 Kids, a response to the entry of American giant Toys R Us into the Australian market, failed badly. The Megamart furniture and electrical discount stores were longer lived but never met expectations. All Megamarts were closed in late 2005, with most stores being acquired by Harvey Norman, the company Megamart was intended to challenge. Toys Я Us NYSE: TOY is a toy store chain based in the United States. ... Megamart was an Australian chain of stores owned by Coles Myer which sold electrical and furniture items. ... A Harvey Norman superstore in Australia. ...

In 2001 the Company appointed John Fletcher, formerly CEO of Brambles as new CEO. This was after a long period of boardroom infighting and several management changes. Fletcher has engineered significant turnaround in the company's fortunes. His most notable changes involved the abolition of the shareholder discount card and the acquisition of the retail operations of Shell Australia. The discount card was seen to be cutting significantly into retail margins while providing little benefit to the company. It only encouraged shareholders to hold the minimum required number of shares to qualify for the card, complicating the company's share register. It was also unpopular with institutional investors as they saw their returns being eroded while obtaining no benefit from the card themselves. 2001: A Space Odyssey. ... John Fletcher is the CEO of Coles Myer Ltd. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Brambles Industries is an Australian/British dual listed company, which owns a range of operating businesses in the support services sector. ... A shareholder or stockholder is an individual or company (including a corporation) that legally owns one or more shares of stock in a joint stock company. ... In marketing, sales promotion is one of the four aspects of promotion. ... Drawing of a self-service store. ... See stock (disambiguation) for other meanings of the term stock A stock, also referred to as a share, is commonly a share of ownership in a corporation. ... Investment is a term with several closely related meanings in finance and economics. ...

The acquisition of the Shell outlets, which were rebranded 'Coles Express' allowed Coles Myer to counter the success of Woolworths' Plus discount petrol operation, which offered a discount on fuel for shopping at company stores. It was in many ways a better offer in that Coles offered discounts on a broad range of Shell's 'superior' products, including Autogas (LPG) and Optimax, while Woolworths products were more generic. This forced Woolworths to tie up with Caltex to provide a recognised brand for their fuel offer. Woolworths Limited, or Woolies (as it is colloquially known) is a large Australian retail corporation. ... Autogas is the common name for liquified petroleum gas when it is used as a fuel in internal combustion engines in vehicles. ... Optimax is the UK and Australian brand name given to Shells super-premium petrol (gasoline). ... Caltex is a petrol company. ...

In August 2005, Coles Myer called for expressions of interest in purchasing the perennially underperforming Myer department store business. There was significant interest from both Australian and overseas investors, including the Myer family. On the 13th of March 2006 Coles Myer announced the sale of the Myer department store business and the Myer Melbourne CBD store to Newbridge Capital and The Myer Family Company for A$1,400 million, a sale that was completed in June 2006. Myer reported EBIT of A$67.9 million for the 26 weeks ended 29 January 2006. 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

Coles Myer is now only listed on the Australian Stock Exchange after delisting from the NYSE on 6 January 2006. The company was also previously listed on the New Zealand Stock Exchange (Delisted 1989) and The London Stock Exchange (Delisted ??) The Australian Stock Exchange (ASX) is the primary stock exchange in Australia. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... New Zealand Exchange Limited (NZX) is the successor to many decades of a New Zealand stock exchange run as a non-profit body. ... The Source by Greyworld, in the new LSE building Paternoster Square. ...

External links

• Coles Myer website
• Coles Myer News Release: Strategic report
• Presentation documents: Outlines restructure