Coles - Friday - Proceeds to Bushfire Appeal

[Alex P Keaton]

Got an email from a co-worker that said

Shop at Coles this friday if you can. All of the profits are donated to the Bushfire Appeal




Woolies should do this too. On Saturday would be even better!

 

[BoatBoy]

http://www.ausfoodnews.com.au/2009/...re-appeal-food-businesses-raise-millions.html


Coles to donate Friday’s profits to bushfire appeal, food businesses raise millions

* February 10, 2009
* Daniel Palmer

Coles will donate this Friday’s (13 Feb) profits from its 750 stores nationally to the Government’s Bushfire Appeal Fund in partnership with the Red Cross, as Australian companies continue to offer support to those affected by the tragedy.

and their not the only ones

http://www.news.com.au/heraldsun/story/0,21985,25030445-662,00.html



Dave

 

[Aaron Sice]

so it is national eh?

awesome - i'll the doofus walking around with no idea. if you see me, give me a clue. cheers.

 

[Mike F]

good idea, although I didn't think Coles were making any profits these days

They are really just copying what Woolies have done for the farmers for the last couple of years and are doing again in a couple of weeks.

I guess as long as they end up making a largish donation in the end it is all good.

 

[ianvestor]

I guess as long as they end up making a largish donation in the end it is all good.

Any guesses how much it would be? Who's got Coles shares here?

 

[manny]

Safeway (Worlworths) will also donate all their profits made on Friday 20th of February... Good to see them also jumping on board...

So we shop @ Coles this Friday then Safeway/Wolworths next Friday... Interesting to compare their profits

Cheers,

Manny.

 

[Sunfish]

Is there a NEW Coles with Wesfarmers?

Without fanfare Coles chartered aircraft (large jets) to fly groceries into flood-bound towns in NQ and put them on the shelf at normal prices. The cost will be borne by the chain as a whole.

I was impressed.

 

[ianvestor]

Interesting to compare their profits

Soooo.... where/how do you go about doing that?

 

[manny]

Hi Ian, surely it will be announced Coles donated $XXX & Safeway $XXX I doubt they will keep it a secret?? Its publicity for them...

Cheers,

Manny.

 

[manny]

Hi Sunfish,

Coles is still the same, nothing has really changed since Wesfarmers took over "ownership". Eventually Wesfarmers may decide to look at ways to improve the business, possibly sell off Target? or even Kmart? but time will tell... (As Myer was sold off by ColesMyer prior to the Wesfarmers takeover)

Cheers,

Manny.

Is there a NEW Coles with Wesfarmers?

Without fanfare Coles chartered aircraft (large jets) to fly groceries into flood-bound towns in NQ and put them on the shelf at normal prices. The cost will be borne by the chain as a whole.

I was impressed.

 

[Minxdamanx]

Manny

I think you'll find that the Woolworths day on the 20th is for farmers - not the bushfire relief. http://www.woolworths.com.au/

Woolies have donated $1m to the Red Cross appeal and you can also donate in store.

 

[manny]

Hi Minx,

thanx for the clarification, just saw it on Tellie the other night & assumed they just copied Coles

Cheers,

Manny.

 

[Pushka]

I didnt think Coles made much profit either so I checked and found this for 2007/08:
A PROFIT forecast of $1.07 billion in 2007-08

So, assuming an even spread across the days (although Thursday/Saturday would be their busiest) - this would amount to um, how many zeros in a billion?

 

[Alex P Keaton]

Also from now until Sunday all proceeds from Jim Kidds as well.

 

[Pushka]

Ok, so 1 billion has nine zeros, 9,000,000,000 /365 = $24 million dollars!

 

[silversands]

Yep, Woolies do one day for the farmers every year. So I'll be shopping at Coles tomorrow and Woolies next week!