Coles tipped to trump Woolies

 In Australia, Coles, NewZealand

THE Coles supermarkets chain is expected to report continued outperformance of arch-rival Woolworths when Wesfarmers releases second-quarter sales figures for its retail businesses today.

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But investors will be looking for signs that the company’s discount department store chains Kmart and Target have suffered a similar fate to Woolworths’ Big W division, which last week reported a 4.5 per cent fall in sales, excluding the benefit of new store openings. The Australia – Read more…

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