Coriolis Research Ltd. is a market research and strategic management consulting firm providing quantitative and qualitative research to clients in the food and fast moving consumer goods (FMCG) supply chain,
from primary producers to retailers and foodservice providers. Areas
of expertise include food, beverages, health and beauty aids, over-the-counter
pharmaceuticals, household products, tobacco, paper products, and selected
consumer durables.
Coriolis Research is based in Auckland, New
Zealand and provides services to clients in New Zealand, Australia,
South East Asia and the United States.
Radio New Zealand National Radio's Morning Report interviewed Coriolis Research Managing Director Tim Morris on increasing food prices and the impact on consumers.
Friday, April 18, 2008
Australasian retail phenomenon EziBuy was the subject of a recent New Zealand Herald article titled "Australia promises Ezi path to higher sales."
"EziBuy chief executive Mary Devine aims to boost turnover from $260 million to $350 million in the next three years, thanks largely to the potential market in Australia. One source of growth will be Ezibuy's recent purchase of Max Fashion, the
womenswear chain that has an estimated turnover of $60 million...
Coriolis Research retail analyst Tim Morris is excited about the Max purchase and sees it as a sign of things to come. "Max was a very good move for EziBuy now that they have got scale. It's logical for them to do more and more concepts," he says, adding that Max has given EziBuy access to a set of different demographics. "If they can make Max work, the world's their oyster," he says. If they demonstrate that they can add value, he believes there will be more acquisitions like it. "EziBuy is a great New Zealand success story but because it is privately owned and operating out of Palmerston North, you don't hear about it," he adds."
Monday, November 5, 2007
Global retailer Tesco has opened it's first Fresh & Easy store in the United States market. Readers of our recently revised Tesco Case Study will, of course, have already been expecting this move.
Tesco has "kicked the tires" and rejected buying a number of Australasian retailers - Coles, The Warehouse, Woolworths NZ FAL and Progressive to name a few. If Tesco makes Fresh & Easy work in the United States, it could use a similar strategy to enter either Australia or New Zealand organically. The huge success Aldi is experiencing in Australia will certainly encourage them.
The Financial Times of London also has an informative video - available here - that is recommended viewing.
Monday, November 29th, 2007
ENZA/Turners and Growers made a presentation at the Eurofruit Southern Hemisphere Congress in Buenos Aires in November 2007. In their presentation, titled "The Challenges Facing New Zealand Fruit Growers," they used material from our research for Pipfruit New Zealand.
Readers should feel free to use material from any Coriolis Research documents, though we do appreciate a citation.
Wednesday, October 10, 2007
Though it has been an open secret in the industry for a long time, three years after we told you about it (in our Chart Watch Q2 2004 newsletter), it's now official! American warehouse club chain Costco today announced in their Q4 2007 conference call with analysts that they were opening stores in Australia in the next 12 months.
Costco CFO Richard Galanti said: "I guess it's pretty much public knowledge. we'll be going into Australia over the next year. But again, we're going to start with - if history repeats itself in the U.K. and any of the three Asian countries, don't expect to see more than a couple of units to start with."
If the success of Aldi is anything to go by, Costco will be a huge success. We are in the process of updating our Costco report, which will be of huge interest to both manufacturers and retailers and which will be available for purchase shortly.
UPDATE: The Sydney Morning Herald is reporting Costco may open up to 5 stores in Australia next year. Our sources tell us Costco has more than 8 sites in a landbank.
Wednesday, October 10, 2007
Radio New Zealand National Radio's Morning Report interviewed Coriolis Research Managing Director Tim Morris on the move by Charlie's beverages to launch a range of natural sodas and the global move towards more healthy beverage options.
Tuesday, September 18, 2007
"Sustainable Simon of 95 bFM talks to Timothy Morris (of Coriolis Research) who has done extensive research into the NZ food industry, about Industrial Food vs. Industrial Trees. 58% of the NZ landmass is given over to Farming/ Forestry. NZ's economy is likely to be propped up and/or driven in the medium to long term by food and primary industry production. That's a lot of cow farts (methane) and cow poo and fertilizers (in the rivers etc). Tree monocultures (effectively Pine forests) are not too hot either, with the leeching of aluminum and nitrates into the soil. Is there a sustainable way forward?"
Also discussed was the growing New Zealand hippy deficit.
Friday, July 20, 2007
The New Zealand Commerce Commission released its decision declining the the applications for clearance of both Foodstuffs New Zealand and Woolworths Australia to acquire The Warehouse. Regular readers will be excited to know the decision cited our company newsletter from June of last year. The complete decision is available here.
Friday, June 8, 2007
In an article titled "NZ Regulator Blocks Bids for Retailer Warehouse" Reuters said: "New Zealand's competition regulator on Friday blocked two suitors for The Warehouse Group Ltd. from launching bids, sending shares in the retailer to nine-month lows as a protracted battle for control loomed...
The New Zealand grocery market now faces a long period of uncertainty, said Tim Morris, a retail industry analyst with Coriolis Research. "There's not going to be a white knight arrive tomorrow, this is going to take a long time to sort out," he said...
Morris at Coriolis said the biggest winner from the decision was Foodstuffs, whose primary aim was to prevent Woolworths from gaining control of The Warehouse.
Thursday, June 14, 2007
"But Tim Morris of consulting and research firm Coriolis said yesterday that the move into fresh food retailing was the only way The Warehouse could keep growing its business. "The Warehouse has got a huge share - 44 per cent - of the discount department-store market. That side of the business has flattened out," he said.
"Nobody is going to tell you that department stores are the market of the future. The Warehouse have saturated that market. If they don't go into food, there is nowhere else to go," Mr Morris said... "If you wanted to maximise the amount of money next week, stopping the food thing might make sense."
But otherwise, the only way The Warehouse would get growth in the next decade was through continuing the food strategy, he said."
Wednesday, June 13, 2007
"Australia's biggest retailer could also do a deal with the ultimate buyer of Coles' everyday needs business to secure the Kmart stores in New Zealand and establish a base for opening stores and rolling out a general merchandise chain replicating Big W. "If they opened their chequebook today they could have a meaningful number of stores within the next five years," a New Zealand retail consultant at Coriolis Research, Tim Morris, said. "It would be a sensible buy for them and . . . Coles would probably be willing to look at selling."
Friday, June 1, 2007
"Woolworths has stepped up its campaign for regulatory clearance to make a full $2 billion bid for The Warehouse Group amid growing fears the New Zealand Commerce Commission may block any deal... New Zealand retail consultant Tim Morris, of Coriolis Research, also believes the
postponements reflect the NZCC's concerns. "The longer it drags on, the more likely that they are building up a stronger case for saying no. Because when they say no they're going to end up in court," said Mr Morris, whose 2006 report on the impact of The Warehouse's move into groceries has been cited by several parties involved in the commission's inquiries."