Coles again to leave Woolies in the shade
THE release of Coles’s sales results for the December quarter today is expected to confirm that its grocery business has outperformed rival Woolworths on a same store basis for a 10th consecutive quarter.
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And it won’t be the last, with analysts predicting its golden run will continue this year.
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”We forecast Coles to report comparable store sales growth of 4.7 per cent in [the December quarter], a slowdown from 5.1 per cent in the [first quarter] but still a significant growth premium to Woolworths,” said Citi’s retail team headed buy Craig Woolford.
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”We expect Coles to maintain a comparable store sales growth gap to Woolworths during 2012.” Sydney Morning Herald – Read more…
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