Coles Group net worth emerges from its large-scale retail business. It is an Australian public company with diverse retail chains. It is a retailer of products such as fresh food, groceries, household goods, liquor, fuel and financial services through physical and online stores.

Coles Group net worth 2026

The market capitalization or Coles Group net worth is A$28.39 billion as of January 2026, according to Companies Market Cap. This is derived from multiple revenues streams including retail chains and net assets, contribute to the company’s overall valuation.

Company history

Coles Group began on 9 April 1914, when G.J. Coles opened the first store in Collingwood, Victoria, offering everything “Nothing over 1/-“. From its early success, the company navigated challenging periods like the Great Depression and World War II, continuing to support charities while adapting to changing customer needs, such as the growing demand for ready-made foods.

In the post-war era, it expanded its product range to include electrical appliances, cosmetics and later, self-service supermarkets.

By 1960, Coles opened Australia’s first freestanding supermarket, setting a new standard for convenience and one-stop shopping.

Through the 1970s and 1980s, the company introduced initiatives like the Farmland home brand, permanent price reductions, electronic scanning and the establishment of liquor and specialty retail interests, culminating in the formation of Coles Myer Ltd in 1985.

From the 1990s onward, Coles embraced technology and loyalty programs, launching flybuys in 1993 and piloting online shopping by 1999. This resulted in the company becoming one of Australia’s largest online food retailers by 2003.

The company expanded its convenience footprint with Coles Express and refocused on food retail after selling Myer in 2006. Acquired by Wesfarmers in 2007, Coles introduced initiatives such as the ‘Down Down’ pricing campaign, animal welfare and responsible sourcing programs and a commitment to Australian produce.

It also strengthened community engagement through partnerships and the $50 million Nurture Fund for small businesses.

In 2018, Coles Group demerged from Wesfarmers and listed independently on the ASX (Australian Securities Exchange). 

Today, Coles Group operates a diverse portfolio of businesses serving millions of Australians. This includes:

• Coles Supermarkets – runs over 840 full-service stores nationwide
• Coles Online – offers convenient home delivery and Click&Collect options for both household and business customers
• Coles Liquor – encompasses Liquorland, Vintage Cellars and First Choice Liquor Market. It offers an extensive range of wines, spirits and beers across more than 950 stores and online, with a focus on responsible and sustainable drinking
• Flybuys – one of Australia’s leading loyalty programs, has over nine million active members, with Coles as a major partner
• Coles Financial Services – delivers insurance, credit cards and personal loans, supported by partnerships with leading financial institutions

Conclusion on Coles Group net worth

Overall, Coles Group is among Australia’s leading retailers, operating a network of over 1,800 stores across the country. The company employs more than 115,000 team members, works with over 8,000 suppliers, and serves millions of customers each week through both its physical stores and digital platforms.

Featured image: Coles Group on colesgroup.com.au