Coles slows but beats Woolies again

Growth at Coles supermarkets has slowed in the third quarter, even as it continues to win customers away from arch-rival Woolworths.

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Coles owner Wesfarmers said this morning same-store food and liquor sales at Coles, which makes up about half of group revenue, rose 2.7 per cent in the March quarter from a year earlier. Sydney Morning Herald – Read more…