Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021
×

Caltex leans on Woolworths to drive retail growth

Reduced fuel volumes and lower margins due to “targeted competitor actions” in Q3 wiped $20 million off of Caltex’s forecasted EBIT range for this year.

The revised range for the convenience retail arm of the business has fallen to $275-$295 million in CY18.

However, Caltex is targeting a $120-$150 million uplift in 2018 profits for its convenience retail arm partially through its 15-year partnership with supermarket giant Woolworths, which will see 10-12 Metro stores being opened.

Four Metro sites are slated to open in the first half of 2019, with a larger roll-out occurring in the second half of the year.

The stores will capitalise on the growing demand for easy, quick food, with Caltex noting a 27 per cent increase in take-home food sales over the previous 12 months, as well as a 13 per cent increase in on-the-go foods.

Partnerships with QSR brands such as Boost and Guzman Y Gomez also have proved successful in driving traffic to its sites.

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.

You have 7 free articles.

Masterclasses are only for Professional Subscribers

Become a Professional for only $5 Already member? Login
  • Unlimited access to news,insights and opinions
  • Quarterly and weekely magazines
  • Independent research reports and forecasts
  • Quarterly webniars with industry experts
  • Q&A with retail leaders
  • Carrer advice
  • Exclusive masterclass access.Part of Retail Week 2021